Mercyone Cedar Falls Medical Center
Cedar Falls, Black Hawk County, IA
· CCN 160040
Licensed to Sartori Memorial Hospital Inc
Composite
36.2
rank score
Distress
21
FY2024
Fit
62
vs thesis
Estimated ticket
$17.5M–$70.0M
35 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- current ratio under 1.5
- occupancy below 30%
- margin deteriorating
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- small but workable bed count
- ticket size somewhat below the envelope
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $40.1M |
| Operating margin | 13.0% |
| Total margin | 16.2% |
| Days cash on hand | — |
| Current ratio | 1.30 |
| Occupancy | 10% |
Facility
| Beds | 35 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 35 | $40.2M | $7.8M | 19.4% | 19.4% | — | 0.65 | 14% | 529 | 29 |
| 2022 | 35 | $37.1M | $3.2M | 6.6% | 8.7% | — | 0.89 | 13% | 509 | 23 |
| 2023 | 35 | $35.8M | $3.4M | 6.8% | 9.6% | — | 1.48 | 13% | 490 | 16 |
| 2024 | 35 | $40.1M | $6.7M | 13.0% | 16.2% | — | 1.30 | 10% | 377 | 21 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mercy Health Network Inc | 5% or greater indirect ownership interest | 100 | 2016-05 | |
| Trinity Health Corporation | 5% or greater indirect ownership interest | 100 | 2016-05 | chain |
| Wheaton Franciscan Healthcare - Iowa Inc | 5% or greater direct ownership interest | 100 | 2006-03 | |
| Bryan Burton | corporate director | 2025-01 | ||
| David Deaver | corporate officer | 2025-01 | ||
| David Deaver | corporate director | 2023-01 | ||
| Kurt Andersen | corporate director | 2024-01 | ||
| Lora Dinsdale | w-2 managing employee | 1987-03 | ||
| Nancy Kertz | corporate director | 2025-01 | ||
| Rachelle Makinde | corporate officer | 2022-01 | ||
| Rachelle Makinde | corporate director | 2023-01 | ||
| Ryan Meyer | corporate officer | 2023-01 | ||
| Sandra Benak | corporate director | 2021-01 | ||
| Sheila Gifford | corporate officer | 2025-08 | ||
| Stuart Kilpinen | operational/managerial control | 2023-06 | ||
| Timothy Huber | corporate officer | 2017-04 | ||
| Timothy Huber | w-2 managing employee | 1987-12 |
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 |