Genesis Medical Center - Davenport
dba Mercyone Genesis ·
Davenport, Scott County, IA
· CCN 160033
Licensed to Genesis Health System
Composite
33.0
rank score
Distress
15
FY2024
Fit
61
vs thesis
Estimated ticket
$26.6M–$53.2M
266 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 30-60 days cash on hand
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $481M |
| Operating margin | 10.7% |
| Total margin | 18.3% |
| Days cash on hand | 35 |
| Current ratio | 2.55 |
| Occupancy | 68% |
Facility
| Beds | 266 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 322 | $363M | $25.5M | -2.8% | 6.4% | 23 | 1.14 | 53% | 13,998 | 43 |
| 2022 | 322 | $369M | $-50.2M | -11.3% | -12.1% | 11 | 0.72 | 57% | 14,323 | 82 |
| 2023 | 322 | $392M | $19.6M | -7.6% | 4.4% | 13 | 1.82 | 53% | 16,728 | 47 |
| 2024 | 266 | $481M | $96.1M | 10.7% | 18.3% | 35 | 2.55 | 68% | 17,850 | 15 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mercy Health Network Inc | 5% or greater direct ownership interest | 100 | 2023-03 | |
| Trinity Health Corporation | 5% or greater indirect ownership interest | 100 | 2023-03 | chain |
| Charles Waterman | corporate officer | 2006-04 | ||
| Charles Waterman | corporate director | 2006-04 | ||
| Christopher Crome | corporate officer | 2021-11 | ||
| Dale Zude | corporate officer | 2025-01 | ||
| Dale Zude | corporate director | 2001-09 | ||
| David Larson | corporate director | 2014-03 | ||
| Edmund Coyne | corporate director | 2008-12 | ||
| Edwin Motto | corporate director | 1996-07 | ||
| Jordan Voigt | corporate officer | 2024-01 | ||
| Jordan Voigt | corporate director | 2024-01 | ||
| Karen Fitzsimmons | corporate director | 2020-11 | ||
| Lashonda Polite | corporate director | 2020-11 | ||
| Lyn Ketelsen | corporate director | 2024-01 | ||
| Mark Kilmer | corporate director | 2003-09 | ||
| Melissa Pepper | corporate officer | 2019-11 | ||
| Melissa Pepper | corporate director | 2019-11 | ||
| Pamela Scott | w-2 managing employee | 2006-01 | ||
| Patricia Groves | corporate director | 2015-10 | ||
| Peter Benson | corporate officer | 2014-09 | ||
| Peter Benson | corporate director | 2014-09 | ||
| Robert Ritz | corporate director | 2023-03 | ||
| Robin Petersen | corporate director | 2004-07 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in IA
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2025-09-01 | Northwest Iowa Hospital Corporation | Marian Health Center-Smhc | St. Lukes Regl Medical Center | 179 |
| 2024-01-31 | State University Of Iowa | Mercy Hospital Iowa City Iowa | University Of Iowa Health Care Medic | 211 |
| 2021-07-01 | Southeast Iowa Regional Medical Center Inc | Fort Madison Community Hospital | Southeast Iowa Regional Medical Ctr | 174 |