Mitchell County Regional Health Cent
dba Mitchell County Regional Health Center ·
Osage, Mitchell County, IA
· CCN 161323
Licensed to Mitchell County Memorial Hospital
Composite
23.3
rank score
Distress
18
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%
- margin deteriorating sharply
- 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 | $38.1M |
| Operating margin | 2.1% |
| Total margin | 15.5% |
| Days cash on hand | 357 |
| Current ratio | 5.21 |
| Occupancy | 20% |
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 | $28.9M | $8.4M | -2.1% | 21.9% | 290 | 4.45 | 21% | 248 | 24 |
| 2022 | 25 | $32.1M | $4.7M | 0.6% | 12.5% | 324 | 4.51 | 22% | 272 | 16 |
| 2023 | 25 | $33.6M | $5.1M | -0.7% | 12.9% | 355 | 4.91 | 22% | 268 | 24 |
| 2024 | 25 | $38.1M | $7.1M | 2.1% | 15.5% | 357 | 5.21 | 20% | 264 | 18 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Gina Goddard | corporate officer | 100 | 2024-10 | |
| Gina Goddard | corporate director | 100 | 2024-10 | |
| Gregory Burkel | corporate officer | 100 | 2013-01 | |
| Gregory Burkel | operational/managerial control | 100 | 2013-01 | |
| Mercy Health Network Inc | operational/managerial control | 100 | 2016-03 | |
| Michele Russell | contracted managing employee | 100 | 2014-07 | |
| Michele Russell | corporate officer | 100 | 2014-07 | |
| Michele Russell | corporate director | 100 | 2014-07 | |
| Michele Russell | operational/managerial control | 100 | 2014-07 | |
| Betty Mccarthy | corporate director | 2012-11 | ||
| Cheryl Smalley | corporate director | 2014-11 | ||
| Corrina Follmuth | corporate director | 2018-01 | ||
| Jean Brumm | corporate director | 2007-11 | ||
| Luke Porisch | corporate director | 2014-11 | ||
| Steve Norby | corporate director | 2014-11 |
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 |