Story County Hospital
dba Story County Medical Center ·
Nevada, Story County, IA
· CCN 161333
Licensed to Story County Hospital
Composite
21.8
rank score
Distress
12
FY2024
Fit
41
vs thesis
Estimated ticket
$1.4M–$2.9M
17 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- current ratio under 1.5
- debt above 70% of assets
- occupancy 30-45%
- urban — higher occupancy and iteration surface
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $34.5M |
| Operating margin | 5.9% |
| Total margin | 27.1% |
| Days cash on hand | 268 |
| Current ratio | 1.11 |
| Occupancy | 36% |
Facility
| Beds | 17 |
| Facility type | CAH |
| Setting | urban |
| 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 | $27.7M | $4.9M | -16.9% | 13.1% | 196 | 5.84 | 42% | 48 | 38 |
| 2022 | 17 | $29.0M | $2.3M | -11.2% | 6.6% | 176 | 6.15 | 34% | 85 | 38 |
| 2023 | 17 | $27.9M | $5.6M | -2.3% | 16.3% | 166 | 6.63 | 37% | 65 | 21 |
| 2024 | 17 | $34.5M | $12.2M | 5.9% | 27.1% | 268 | 1.11 | 36% | 95 | 12 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Arthur Check | w-2 managing employee | 2005-06 | ||
| Arthur Check | operational/managerial control | 2005-06 | ||
| Central Iowa Hospital Corporation | operational/managerial control | 2013-02 | ||
| David Anderson | corporate director | 1990-12 | ||
| Elizabeth Hertz | corporate officer | 2025-01 | ||
| Elizabeth Hertz | corporate director | 2007-01 | ||
| Gaylan Scofield | corporate director | 2004-01 | ||
| Jane Ramthun | corporate officer | 2020-05 | ||
| Jane Ramthun | w-2 managing employee | 2008-09 | ||
| Jane Ramthun | operational/managerial control | 2008-09 | ||
| Michelle Fullerton | corporate director | 2025-04 | ||
| Nathan Thompson | contracted managing employee | 2015-09 | ||
| Nathan Thompson | corporate officer | 2016-08 | ||
| Nathan Thompson | operational/managerial control | 2015-09 | ||
| Pamela Cain | corporate officer | 2024-01 | ||
| Pamela Cain | corporate director | 2023-01 | ||
| Patrick Sheets | corporate officer | 2023-01 | ||
| Patrick Sheets | corporate director | 2007-01 | ||
| Tiffany Thompson | corporate director | 2023-01 |
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 |