Mercy Medical Center - New Hampton
dba Mercyone New Hampton Medical Center ·
New Hampton, Chickasaw County, IA
· CCN 161331
Licensed to Mercy Medical Center New Hampton
Composite
19.1
rank score
Distress
8
FY2024
Fit
34
vs thesis
Estimated ticket
$935K–$1.9M
11 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- occupancy below 30%
- part of a multi-hospital chain — divestiture candidate
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $23.9M |
| Operating margin | 11.4% |
| Total margin | 24.3% |
| Days cash on hand | 483 |
| Current ratio | 6.83 |
| Occupancy | 26% |
Facility
| Beds | 11 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 | 8 | $18.5M | $5.6M | 2.7% | 23.7% | 383 | 4.18 | 48% | 208 | 2 |
| 2022 | 11 | $20.4M | $471K | 5.8% | 2.3% | 408 | 3.44 | 37% | 202 | 6 |
| 2023 | 11 | $19.7M | $3.0M | -1.0% | 13.2% | 426 | 7.48 | 31% | 175 | 21 |
| 2024 | 11 | $23.9M | $6.8M | 11.4% | 24.3% | 483 | 6.83 | 26% | 188 | 8 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mercy Health Network Inc | operational/managerial control | 100 | 2016-03 | |
| Mercy Health Services-Iowa Corp | 5% or greater direct ownership interest | 100 | 1998-08 | |
| Trinity Health Corporation | 5% or greater indirect ownership interest | 100 | 1998-08 | chain |
| Aaron Flugum | corporate officer | 2017-05 | ||
| Aaron Flugum | operational/managerial control | 2017-05 | ||
| Daniel Isacksen | corporate director | 2022-06 | ||
| Daniel Roth | corporate director | 2022-06 | ||
| Heather Campbell | corporate officer | 2020-01 | ||
| Jennifer Rapenske | w-2 managing employee | 2013-01 | ||
| Ray Anderson | corporate director | 2024-01 | ||
| Robert Casalou | corporate officer | 2024-01 | ||
| Robert Casalou | corporate director | 2026-01 | ||
| Sandra Christensen | corporate officer | 2024-07 | ||
| Stuart Kilpinen | operational/managerial control | 2023-06 | ||
| Terri Donovan | corporate officer | 2024-01 |
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 |