Audubon County Memorial Hospital
Audubon, Audubon County, IA
· CCN 161330
Licensed to Audubon County Memorial Hospital
Composite
31.8
rank score
Distress
43
FY2024
Fit
31
vs thesis
Estimated ticket
$1.4M–$2.9M
17 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- 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
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $16.1M |
| Operating margin | -10.4% |
| Total margin | 10.9% |
| Days cash on hand | 268 |
| Current ratio | 12.70 |
| Occupancy | 8% |
Facility
| Beds | 17 |
| 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 | 17 | $13.0M | $3.1M | -10.7% | 17.5% | 215 | 1.19 | 12% | 89 | 40 |
| 2022 | 17 | $13.8M | $1.5M | -11.2% | 8.7% | 90 | 1.20 | 11% | 76 | 50 |
| 2023 | 17 | $14.0M | $984K | -23.3% | 5.4% | 245 | 10.97 | 10% | 91 | 37 |
| 2024 | 17 | $16.1M | $2.2M | -10.4% | 10.9% | 268 | 12.70 | 8% | 89 | 43 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Audubon County Memorial Hospital | 5% or greater direct ownership interest | 100 | 1966-01 | |
| Callen Weispfennig | corporate officer | 100 | 2025-06 | |
| Callen Weispfennig | w-2 managing employee | 100 | 2025-06 | |
| Melinda Alt | corporate officer | 2016-06 | ||
| Michelle Sprague | other | 2022-01 |
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 |