Trinity Bettendorf
Bettendorf, Scott County, IA
· CCN 160104
Licensed to Trinity Medical Center
Composite
54.4
rank score
Distress
50
FY2023
Fit
75
vs thesis
Estimated ticket
$34.4M–$138M
81 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $94.4M |
| Operating margin | 1.0% |
| Total margin | 2.6% |
| Days cash on hand | 7 |
| Current ratio | 0.41 |
| Occupancy | 49% |
Facility
| Beds | 81 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 86 | $78.6M | $7.8M | 1.4% | 9.2% | 84 | 0.52 | 45% | 3,714 | 32 |
| 2021 | 82 | $86.0M | $2.9M | 1.0% | 3.3% | 19 | 0.43 | 49% | 3,753 | 44 |
| 2022 | 81 | $90.6M | $28.4K | -3.7% | 0.0% | 5 | 0.36 | 52% | 4,000 | 57 |
| 2023 | 81 | $94.4M | $2.5M | 1.0% | 2.6% | 7 | 0.41 | 49% | 3,825 | 50 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dana Wilkinson | corporate officer | 2026-01 | ||
| Dana Wilkinson | corporate director | 2023-07 | ||
| Daniel Stein | corporate director | 2019-07 | ||
| David Dellitt | contracted managing employee | 2024-02 | ||
| David Dellitt | corporate officer | 2024-02 | ||
| David Dellitt | operational/managerial control | 2024-02 | ||
| Deborah Freiburg | corporate director | 2021-12 | ||
| Gregorio Aguilar | corporate director | 2018-01 | ||
| Heidi Parkhurst | corporate officer | 2026-01 | ||
| Heidi Parkhurst | corporate director | 2019-01 | ||
| Iowa Health System | operational/managerial control | 1999-09 | chain | |
| Jennifer Rouse | corporate director | 2026-01 | ||
| Lisa Mccraw | corporate director | 2023-07 | ||
| Marie Ziegler | corporate director | 2024-01 | ||
| Nathan Durick | corporate director | 2021-01 | ||
| Scott Kizer | operational/managerial control | 2023-10 | ||
| Sharon King | contracted managing employee | 2026-01 | ||
| Sharon King | corporate officer | 2026-01 | ||
| Sharon King | corporate director | 2026-01 | ||
| Sharon King | operational/managerial control | 2026-01 | ||
| Steve Arvanitis | corporate director | 2025-06 | ||
| Toyosi Olutade | corporate officer | 2020-05 | ||
| Trinity Regional Health System | operational/managerial control | 1984-12 |
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 |