Dallas County Hospital
Perry, Dallas County, IA
· CCN 161322
Licensed to Dallas County Hospital
Composite
18.8
rank score
Distress
8
FY2024
Fit
38
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- occupancy below 30%
- 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 | $28.4M |
| Operating margin | 3.1% |
| Total margin | 28.0% |
| Days cash on hand | 365 |
| Current ratio | 12.82 |
| Occupancy | 5% |
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 | $18.3M | $6.5M | -23.6% | 22.4% | 213 | 6.61 | 8% | 137 | 37 |
| 2022 | 25 | $21.6M | $6.3M | -2.9% | 21.6% | 223 | 6.78 | 8% | 132 | 24 |
| 2023 | 25 | $23.5M | $6.2M | -3.8% | 20.4% | 287 | 11.78 | 6% | 88 | 24 |
| 2024 | 25 | $28.4M | $10.7M | 3.1% | 28.0% | 365 | 12.82 | 5% | 71 | 8 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Angela Mortoza | contracted managing employee | 2016-03 | ||
| Angela Mortoza | corporate officer | 2016-06 | ||
| Dennis Cochran | corporate director | 2022-01 | ||
| Dirk Cavanaugh | corporate director | 2019-01 | ||
| Eric Ash | corporate director | 2001-05 | ||
| Jeff Jarding | corporate officer | 2026-01 | ||
| Joelle Miner | corporate director | 2007-02 | ||
| Joseph Shelly | corporate director | 2022-06 | ||
| Kari Boyens | corporate director | 2026-02 | ||
| Kevin Leininger | corporate officer | 2023-10 | ||
| Mary Laborde | corporate director | 2020-01 | ||
| Mercy Health Network Inc | operational/managerial control | 2012-11 | ||
| Patrick Steele | corporate director | 2022-08 |
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 |