Iowa Specialty Hospital - Clarion
Clarion, Wright County, IA
· CCN 161302
Licensed to Iowa Specialty Hospital- Clarion
Composite
27.6
rank score
Distress
24
FY2024
Fit
42
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- 60-90 days cash on hand
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $90.4M |
| Operating margin | 7.0% |
| Total margin | 11.0% |
| Days cash on hand | 72 |
| Current ratio | 2.65 |
| Occupancy | 44% |
Facility
| Beds | 25 |
| 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 | 25 | $64.7M | $12.7M | -0.5% | 16.3% | 133 | 2.81 | 36% | 1,157 | 30 |
| 2022 | 25 | $72.3M | $6.4M | 3.8% | 8.4% | 126 | 3.13 | 42% | 1,345 | 10 |
| 2023 | 25 | $77.3M | $2.8M | 0.2% | 3.5% | 47 | 2.68 | 42% | 1,287 | 29 |
| 2024 | 25 | $90.4M | $10.4M | 7.0% | 11.0% | 72 | 2.65 | 44% | 1,214 | 24 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Iowa Specialty Hospital- Clarion | operational/managerial control | 100 | 2000-01 | |
| Anthony Meinke | corporate director | 2019-10 | ||
| Gregory Polzin | corporate director | 2013-10 | ||
| Judith Ritter | corporate director | 2007-02 | ||
| Katrina Stecher | corporate director | 2007-02 | ||
| Kelly Leu | w-2 managing employee | 2017-10 | ||
| Missy Brannick | w-2 managing employee | 2017-10 | ||
| Sherri Obrien | corporate director | 2021-06 | ||
| Steven Simonin | corporate officer | 2013-11 | ||
| Sue Martin | corporate director | 2013-10 |
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 |