Mercyone Clinton Medical Center
Clinton, Clinton County, IA
· CCN 160080
Licensed to Mercy Medical Center-Clinton Inc
Composite
54.9
rank score
Distress
77
FY2024
Fit
46
vs thesis
Estimated ticket
$7.5M–$15.0M
107 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio under 1.5
- occupancy below 30%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $125M |
| Operating margin | -10.4% |
| Total margin | -3.8% |
| Days cash on hand | 13 |
| Current ratio | 1.49 |
| Occupancy | 27% |
Facility
| Beds | 107 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 107 | $126M | $10.7M | -9.9% | 8.0% | 97 | 3.70 | 29% | 3,052 | 36 |
| 2022 | 107 | $131M | $-9.5M | -10.7% | -6.7% | 56 | 2.94 | 31% | 3,201 | 62 |
| 2023 | 107 | $116M | $-15.7M | -19.4% | -12.9% | 34 | 2.63 | 30% | 3,063 | 67 |
| 2024 | 107 | $125M | $-5.0M | -10.4% | -3.8% | 13 | 1.49 | 27% | 2,920 | 77 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mercy Health Network Inc | operational/managerial control | 100 | 2016-03 | |
| Mercy Health Services-Iowa Corp | 5% or greater indirect ownership interest | 100 | 1998-08 | |
| Trinity Health Corporation | 5% or greater indirect ownership interest | 100 | 2000-05 | chain |
| Arun Arora | corporate officer | 2025-12 | ||
| Daniel Isacksen | corporate director | 2022-06 | ||
| Daniel Roth | corporate director | 2022-06 | ||
| Heather Campbell | corporate officer | 2020-01 | ||
| Mellissa Wood | corporate officer | 2023-01 | ||
| Ray Anderson | corporate director | 2024-01 | ||
| Robert Casalou | corporate officer | 2026-01 | ||
| Robert Casalou | corporate director | 2026-01 | ||
| Terri Donovan | corporate officer | 2024-01 | ||
| Tonya Johnson | w-2 managing employee | 2016-08 |
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 |