Greene County Medical Center
Jefferson, Greene County, IA
· CCN 161325
Licensed to Greene County Medical Center
Composite
23.6
rank score
Distress
15
FY2024
Fit
42
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin under 2%
- 90-150 days cash on hand
- occupancy 30-45%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $32.9M |
| Operating margin | 1.0% |
| Total margin | 16.2% |
| Days cash on hand | 118 |
| Current ratio | 2.31 |
| Occupancy | 36% |
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 | $27.0M | $1.9M | -26.7% | 5.3% | 109 | 1.37 | 11% | 156 | 52 |
| 2022 | 25 | $28.1M | $3.9M | -15.6% | 10.8% | 94 | 0.82 | 12% | 134 | 54 |
| 2023 | 25 | $25.2M | $4.5M | -20.4% | 13.0% | 119 | 4.50 | 11% | 124 | 46 |
| 2024 | 25 | $32.9M | $6.3M | 1.0% | 16.2% | 118 | 2.31 | 36% | 148 | 15 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Angela Jewett | corporate director | 2021-11 | ||
| Central Iowa Hospital Corporation | operational/managerial control | 2011-07 | ||
| Chad Butterfield | contracted managing employee | 2020-07 | ||
| Chad Butterfield | corporate officer | 2020-07 | ||
| Chad Butterfield | operational/managerial control | 2020-07 | ||
| Doug Carman | corporate director | 2022-03 | ||
| Douglas Hawn | corporate officer | 2020-01 | ||
| Douglas Hawn | corporate director | 2009-01 | ||
| James Schleisman | corporate officer | 1997-01 | ||
| James Schleisman | corporate director | 1995-07 | ||
| Katherine Neese | corporate director | 2020-01 | ||
| Kim Bates | corporate director | 2010-01 | ||
| Mark Wall | contracted managing employee | 2022-02 | ||
| Mark Wall | corporate officer | 2022-02 | ||
| Mark Wall | operational/managerial control | 2022-02 | ||
| Rochelle Guess | w-2 managing employee | 2021-12 | ||
| Rochelle Guess | operational/managerial control | 2021-12 | ||
| William Raney | corporate officer | 2021-12 | ||
| William Raney | corporate director | 2013-03 |
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 |