Community Memorial Hospital
Sumner, Bremer County, IA
· CCN 161320
Licensed to Sumner Community Club
Composite
36.1
rank score
Distress
50
FY2023
Fit
34
vs thesis
Estimated ticket
$1.2M–$2.3M
16 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- total margin negative
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $15.8M |
| Operating margin | -10.3% |
| Total margin | -2.3% |
| Days cash on hand | 195 |
| Current ratio | 19.33 |
| Occupancy | 16% |
Facility
| Beds | 16 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $72.2K |
| Per-bed (high) | $144K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 16 | $13.1M | $2.4M | -10.5% | 14.0% | 301 | 6.81 | 14% | 83 | 37 |
| 2021 | 16 | $14.3M | $1.8M | -7.3% | 10.5% | 262 | 5.71 | 13% | 71 | 31 |
| 2022 | 16 | $15.7M | $-38.6K | -10.9% | -0.2% | 256 | 4.56 | 18% | 116 | 44 |
| 2023 | 16 | $15.8M | $-400K | -10.3% | -2.3% | 195 | 19.33 | 16% | 82 | 50 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| United States Department Of Agriculture | 5% or greater mortgage interest | 49 | 2013-12 | |
| Allen Health Systems Inc | operational/managerial control | 2000-01 | ||
| Andrew Baker | corporate director | 2020-03 | ||
| Angela Leete | corporate director | 2016-03 | ||
| Daniel Weltner | corporate director | 2026-03 | ||
| David Scott | corporate director | 2018-03 | ||
| Dawn Everding | corporate officer | 2018-05 | ||
| Dawn Everding | w-2 managing employee | 2018-05 | ||
| Elaine Davis | corporate director | 2025-03 | ||
| Kari Kelly | corporate director | 2026-03 | ||
| Kevin Holtz | corporate director | 2023-03 | ||
| Mariah Nuss | corporate director | 2024-03 | ||
| Michele Anderson | corporate director | 2023-03 | ||
| Paul Bahe | corporate director | 2025-03 | ||
| Sandra Christensen | corporate officer | 2025-03 | ||
| Sheila Uhlenhake | w-2 managing employee | 2018-05 | ||
| Tyler Rau | corporate officer | 2025-03 |
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 |