Allen Memorial Hospital
dba Allen Hospital ·
Waterloo, Black Hawk County, IA
· CCN 160110
Licensed to Allen Memorial Hospital Corporation
Composite
35.1
rank score
Distress
23
FY2023
Fit
62
vs thesis
Estimated ticket
$18.9M–$37.8M
189 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio under 1.5
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $325M |
| Operating margin | 8.9% |
| Total margin | 10.8% |
| Days cash on hand | 14 |
| Current ratio | 1.48 |
| Occupancy | 66% |
Facility
| Beds | 189 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 188 | $247M | $27.8M | 9.2% | 9.7% | 105 | 1.57 | 55% | 9,315 | 7 |
| 2021 | 191 | $263M | $33.0M | 9.1% | 10.6% | 62 | 1.13 | 58% | 9,515 | 16 |
| 2022 | 189 | $271M | $-9.0M | 1.8% | -3.0% | 12 | 1.01 | 61% | 9,848 | 44 |
| 2023 | 189 | $325M | $40.6M | 8.9% | 10.8% | 14 | 1.48 | 66% | 10,126 | 23 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Allen Health Systems Inc | other | 1983-11 | ||
| Bryan Earnest | corporate director | 2024-01 | ||
| Carol Hibbs | corporate director | 2023-01 | ||
| Edita Begic | corporate director | 2024-01 | ||
| Iowa Health System | other | 1995-09 | ||
| Jennifer Friedly | corporate officer | 2023-08 | ||
| Jennifer Friedly | w-2 managing employee | 2013-01 | ||
| Joan Headington | corporate director | 2024-01 | ||
| Katherine Susong | corporate director | 2025-01 | ||
| Kyle Christiason | corporate director | 2014-01 | ||
| Lance Horbach | corporate director | 2017-06 | ||
| Lucas Lesyshen | corporate director | 2025-01 | ||
| Natalie Hunter | w-2 managing employee | 2024-01 | ||
| Pradeep Ramesh | corporate director | 2022-01 | ||
| Russell Adams | contracted managing employee | 2018-01 | ||
| Stacey Bentley | corporate officer | 2014-01 | ||
| Stacey Bentley | corporate director | 2014-01 | ||
| Zachary French | w-2 managing employee | 2022-01 |
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 |