Iowa Specialty Hospital - Belmond
dba Iowa Specialty Hospital-Belmond ·
Belmond, Wright County, IA
· CCN 161301
Licensed to Belmond Community Hospital
Composite
31.3
rank score
Distress
42
FY2024
Fit
31
vs thesis
Estimated ticket
$1.9M–$3.7M
22 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- under 30 days cash on hand
- debt above 70% of assets
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $54.0M |
| Operating margin | 2.5% |
| Total margin | 8.0% |
| Days cash on hand | 6 |
| Current ratio | 2.56 |
| Occupancy | 15% |
Facility
| Beds | 22 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| 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 | 22 | $38.2M | $7.7M | -0.4% | 16.8% | 182 | 2.59 | 20% | 541 | 29 |
| 2022 | 22 | $44.2M | $3.7M | 1.7% | 7.9% | 129 | 3.08 | 20% | 645 | 24 |
| 2023 | 22 | $44.4M | $-851K | -9.0% | -1.8% | 44 | 2.30 | 15% | 513 | 60 |
| 2024 | 22 | $54.0M | $4.6M | 2.5% | 8.0% | 6 | 2.56 | 15% | 343 | 42 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Belmond Community Hospital | operational/managerial control | 100 | 2019-12 | |
| Amy Mcdaniel | corporate officer | 2013-07 | ||
| Anna Buseman | corporate director | 2024-01 | ||
| Brad Robson | corporate director | 2004-06 | ||
| Gregory Polzin | corporate director | 2013-07 | ||
| Kelly Leu | w-2 managing employee | 2017-11 | ||
| Missy Brannick | w-2 managing employee | 2017-11 | ||
| Nancy Gabrielson | corporate director | 2019-03 | ||
| Teri Havens | corporate director | 2013-11 | ||
| Troy Watne | corporate director | 2016-01 |
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 |
|---|---|---|---|---|
| 2021-07-01 | Henry County Health Center Inc | Henry County Soldiers' And... | Henry County Health Center | 25 |
| 2019-05-01 | Avera Mckennan | Sanford Health Network | Avera Merrill Pioneer Hospital | 11 |