St. Lukes Regl Medical Center
dba St Luke's Regional Medical Center ·
Sioux City, Woodbury County, IA
· CCN 160146
Licensed to Northwest Iowa Hospital Corporation
Already transacted. CMS recorded an ownership change effective
2025-09-01. Confirm the current owner before spending a call on this.
Composite
14.5
rank score
Distress
33
FY2023
Fit
62
vs thesis
Estimated ticket
$17.9M–$35.8M
179 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- total margin under 2%
- under 30 days cash on hand
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- 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
- changed ownership 2025-09-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $209M |
| Operating margin | 10.7% |
| Total margin | 1.5% |
| Days cash on hand | 14 |
| Current ratio | 5.27 |
| Occupancy | 69% |
Facility
| Beds | 179 |
| 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 | 173 | $159M | $13.2M | 9.3% | 7.1% | 77 | 2.23 | 63% | 7,924 | 10 |
| 2021 | 173 | $178M | $215K | 7.9% | 0.1% | 16 | 2.13 | 65% | 8,316 | 26 |
| 2022 | 173 | $181M | $-22.6M | 0.1% | -11.8% | 2 | 2.60 | 68% | 8,309 | 46 |
| 2023 | 179 | $209M | $3.3M | 10.7% | 1.5% | 14 | 5.27 | 69% | 11,223 | 33 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Angelo James | corporate director | 2022-01 | ||
| Beth Trejo | corporate director | 2021-01 | ||
| Chad Stadsvold | corporate director | 2022-01 | ||
| Charles Wolfe | corporate director | 2022-01 | ||
| Dennis Bullock | corporate director | 2019-01 | ||
| Garrett Smith | corporate director | 2008-01 | ||
| Hannah Dewald | corporate director | 2021-01 | ||
| Iowa Health System | operational/managerial control | 1996-08 | chain | |
| James Palmer | corporate officer | 2019-01 | ||
| James Palmer | corporate director | 2017-01 | ||
| Jane Arnold | corporate officer | 2015-12 | ||
| Jane Arnold | w-2 managing employee | 2000-06 | ||
| Jane Arnold | operational/managerial control | 2000-06 | ||
| John Jones | contracted managing employee | 2024-05 | ||
| John Jones | operational/managerial control | 2024-05 | ||
| Leah Knapp | corporate officer | 2023-09 | ||
| Leah Knapp | w-2 managing employee | 2023-09 | ||
| Leah Knapp | operational/managerial control | 2023-09 | ||
| Michael Crone | corporate director | 2018-01 | ||
| Renee Beaulieu | corporate director | 2020-01 | ||
| St. Luke's Health System, Inc. | operational/managerial control | 2015-05 | ||
| Wendy Lindley | w-2 managing employee | 2017-04 | ||
| Wendy Lindley | operational/managerial control | 2017-04 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2025-09-01 | acquisition/merger | Northwest Iowa Hospital Corporation | Marian Health Center-Smhc |
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 |