Humboldt County Memorial Hospital
Humboldt, Humboldt County, IA
· CCN 161334
Licensed to Humboldt County Memorial Hospital
Composite
36.2
rank score
Distress
53
FY2024
Fit
31
vs thesis
Estimated ticket
$1.2M–$2.5M
17 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin -10% to -5%
- 30-60 days cash on hand
- 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 | $29.0M |
| Operating margin | -6.2% |
| Total margin | 7.2% |
| Days cash on hand | 45 |
| Current ratio | 2.74 |
| Occupancy | 17% |
Facility
| Beds | 17 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $72.2K |
| Per-bed (high) | $144K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 17 | $20.8M | $5.3M | -17.6% | 17.8% | 165 | 5.07 | 31% | 200 | 33 |
| 2022 | 17 | $23.5M | $1.5M | -8.8% | 5.6% | 186 | 4.94 | 28% | 231 | 31 |
| 2023 | 17 | $24.3M | $-527K | -16.4% | -1.9% | 32 | 2.30 | 26% | 208 | 61 |
| 2024 | 17 | $29.0M | $2.4M | -6.2% | 7.2% | 45 | 2.74 | 17% | 157 | 53 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ashley Emick | corporate officer | 2018-01 | ||
| Ashley Emick | corporate director | 2016-04 | ||
| Cassidy Long | operational/managerial control | 2019-01 | ||
| David Boswell | corporate officer | 2005-06 | ||
| David Boswell | corporate director | 1999-01 | ||
| Kevin Bornhoft | corporate officer | 2019-01 | ||
| Kevin Bornhoft | corporate director | 2016-11 | ||
| Michelle Sleiter | contracted managing employee | 2015-01 | ||
| Michelle Sleiter | corporate officer | 2015-01 | ||
| Michelle Sleiter | operational/managerial control | 2015-01 | ||
| Molly Varangkounh | corporate director | 2019-01 | ||
| Natalie Wergeland | corporate officer | 2018-01 | ||
| Natalie Wergeland | corporate director | 2014-08 | ||
| Pamela Ray | corporate director | 2021-01 | ||
| Timothy Mccartan | corporate director | 2019-01 | ||
| Trinity Health Systems, Inc | operational/managerial control | 1994-01 |
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 |