Genesis Medical Center - Dewitt
dba Mercyone Genesis Dewitt Medical Center ·
Dewitt, Clinton County, IA
· CCN 161313
Licensed to Genesis Health System
Composite
20.9
rank score
Distress
12
FY2024
Fit
34
vs thesis
Estimated ticket
$1.1M–$2.2M
13 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 90-150 days cash on hand
- occupancy below 30%
- part of a multi-hospital chain — divestiture candidate
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $33.1M |
| Operating margin | 19.6% |
| Total margin | 23.4% |
| Days cash on hand | 115 |
| Current ratio | 2.25 |
| Occupancy | 19% |
Facility
| Beds | 13 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 | 13 | $18.4M | $2.3M | 4.9% | 11.5% | 449 | 6.81 | 29% | 64 | 9 |
| 2022 | 13 | $20.8M | $3.4M | 11.0% | 15.3% | 382 | 12.08 | 29% | 112 | 9 |
| 2023 | 13 | $23.0M | $3.0M | 10.9% | 12.8% | 87 | 2.20 | 27% | 104 | 19 |
| 2024 | 13 | $33.1M | $8.1M | 19.6% | 23.4% | 115 | 2.25 | 19% | 80 | 12 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mercy Health Network Inc | 5% or greater direct ownership interest | 100 | 2023-03 | |
| Trinity Health Corporation | 5% or greater indirect ownership interest | 100 | 2023-03 | chain |
| Charles Waterman | corporate officer | 2006-04 | ||
| Charles Waterman | corporate director | 2006-04 | ||
| Christopher Crome | corporate officer | 2021-11 | ||
| Dale Zude | corporate officer | 2001-09 | ||
| Dale Zude | corporate director | 2001-09 | ||
| David Larson | corporate director | 2014-03 | ||
| Edmund Coyne | corporate director | 2008-12 | ||
| Edwin Motto | corporate director | 1996-07 | ||
| Jordan Voigt | corporate officer | 2024-01 | ||
| Jordan Voigt | corporate director | 2024-01 | ||
| Karen Fitzsimmons | corporate director | 2020-11 | ||
| Lashonda Polite | corporate director | 2020-11 | ||
| Lyn Ketelsen | corporate director | 2024-01 | ||
| Mark Kilmer | corporate director | 2003-09 | ||
| Melissa Pepper | corporate officer | 2019-11 | ||
| Melissa Pepper | corporate director | 2019-11 | ||
| Pamela Scott | w-2 managing employee | 2006-01 | ||
| Patricia Groves | corporate director | 2015-10 | ||
| Peter Benson | corporate officer | 2009-09 | ||
| Peter Benson | corporate director | 2009-09 | ||
| Robert Ritz | corporate director | 2023-03 | ||
| Robin Petersen | corporate director | 2004-07 |
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 |