Franklin General Hospital
Hampton, Franklin County, IA
· CCN 161308
Licensed to Franklin General Hospital
Composite
26.5
rank score
Distress
25
FY2024
Fit
38
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- occupancy below 30%
- margin slipping
- rural — cheaper but limited density
- small but workable bed count
- 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 | $27.2M |
| Operating margin | -4.2% |
| Total margin | 8.9% |
| Days cash on hand | 211 |
| Current ratio | 8.16 |
| Occupancy | 26% |
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 | $22.6M | $2.4M | -7.4% | 9.1% | 328 | 3.94 | 18% | 122 | 31 |
| 2022 | 25 | $22.9M | $2.6M | -11.1% | 9.2% | 316 | 8.34 | 20% | 206 | 37 |
| 2023 | 25 | $23.9M | $1.7M | -12.4% | 5.9% | 255 | 8.43 | 28% | 194 | 37 |
| 2024 | 25 | $27.2M | $2.8M | -4.2% | 8.9% | 211 | 8.16 | 26% | 199 | 25 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Franklin General Hospital | operational/managerial control | 100 | 1966-01 | |
| Kim Price | corporate director | 100 | 2011-07 | |
| Kim Price | w-2 managing employee | 100 | 2010-07 | |
| Mercy Health Network Inc | operational/managerial control | 100 | 2012-10 | |
| Rebekah Ault | corporate director | 100 | 2022-09 | |
| Rebekah Ault | w-2 managing employee | 100 | 2022-09 | |
| John Trewin | corporate director | 2006-11 |
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 |