Southeast Iowa Regional Medical Ctr
West Burlington, Des Moines County, IA
· CCN 160057
Licensed to Southeast Iowa Regional Medical Center Inc
Composite
51.8
rank score
Distress
67
FY2024
Fit
54
vs thesis
Estimated ticket
$14.8M–$29.6M
174 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $361M |
| Operating margin | -11.5% |
| Total margin | -2.7% |
| Days cash on hand | 9 |
| Current ratio | 1.51 |
| Occupancy | 43% |
Facility
| Beds | 174 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 136 | $198M | $14.9M | -9.5% | 6.5% | 37 | 1.57 | 43% | 4,666 | 44 |
| 2022 | 174 | $280M | $-27.0M | -23.0% | -8.5% | 10 | 1.44 | 42% | 5,248 | 76 |
| 2023 | 174 | $302M | $-43.2M | -24.2% | -13.0% | 18 | 1.34 | 39% | 5,220 | 76 |
| 2024 | 174 | $361M | $-10.7M | -11.5% | -2.7% | 9 | 1.51 | 43% | 5,656 | 67 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Great River Health System Inc | 5% or greater direct ownership interest | 100 | 2018-08 | |
| Carla Mcnamee | corporate director | 2021-03 | ||
| Deanna Barr | corporate director | 2021-03 | ||
| Douglas Martin | corporate director | 2018-01 | ||
| Gina Riherd | corporate director | 2025-07 | ||
| Hope Dunn | w-2 managing employee | 2022-06 | ||
| Jeremy Alexander | w-2 managing employee | 2018-12 | ||
| Jeremy Alexander | operational/managerial control | 2018-12 | ||
| Joel Ryon | w-2 managing employee | 2023-01 | ||
| John Mckillip | corporate director | 2018-01 | ||
| Joy Anderson | corporate director | 2022-01 | ||
| Michael Hickey | corporate director | 2024-07 | ||
| Michael Mccoy | corporate officer | 2022-10 | ||
| Michael Mccoy | operational/managerial control | 2022-10 | ||
| Michael Yost | w-2 managing employee | 2023-02 | ||
| Neal Dodd | corporate director | 2022-01 | ||
| Robert Engberg | corporate director | 2018-01 | ||
| Robert Huffman | corporate director | 2022-01 | ||
| Russell Rodriguez | corporate officer | 2022-08 | ||
| Russell Rodriguez | w-2 managing employee | 2022-08 | ||
| Ryan Deets | corporate director | 2026-01 | ||
| Southeast Iowa Regional Medical Center Inc | operational/managerial control | 1966-07 | ||
| Todd Chelf | w-2 managing employee | 2021-01 | ||
| Tomi Hagan | w-2 managing employee | 2018-12 | ||
| Victoria Stephenson | corporate director | 2022-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2021-07-01 | acquisition/merger | Southeast Iowa Regional... | Fort Madison Community Hospital |
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 |