Davis County Hospital
Bloomfield, Davis County, IA
· CCN 161327
Licensed to Davis County Hospital
Composite
27.8
rank score
Distress
28
FY2024
Fit
38
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin -10% to -5%
- 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 | $32.3M |
| Operating margin | -5.6% |
| Total margin | 10.5% |
| Days cash on hand | 208 |
| Current ratio | 5.66 |
| Occupancy | 8% |
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 | $29.0M | $3.7M | -17.5% | 9.9% | 226 | 2.90 | 9% | 154 | 37 |
| 2022 | 25 | $31.2M | $2.0M | -8.0% | 5.7% | 198 | 4.05 | 8% | 145 | 31 |
| 2023 | 25 | $29.2M | $1.8M | -12.8% | 5.2% | 196 | 5.81 | 8% | 133 | 37 |
| 2024 | 25 | $32.3M | $4.0M | -5.6% | 10.5% | 208 | 5.66 | 8% | 126 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mercy Health Network Inc | operational/managerial control | 100 | 2012-10 | |
| Bailey Westfall | corporate director | 2023-01 | ||
| Davis County Hospital | operational/managerial control | 2001-10 | ||
| Donna Olinger | corporate director | 2021-01 | ||
| Heath Greiner | corporate director | 2021-01 | ||
| Lisa Warren | corporate officer | 2023-01 | ||
| Lynn Fellinger | corporate director | 2025-01 | ||
| Nathan Chaney | corporate director | 2025-06 | ||
| Nolan Eakins | corporate director | 2023-01 | ||
| Robert Floyd | corporate director | 2015-01 | ||
| Veronica Fuhs | contracted managing employee | 2018-10 | ||
| Veronica Fuhs | corporate officer | 2018-10 |
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 |