Mercyone Oelwein Medical Center
Oelwein, Fayette County, IA
· CCN 161338
Licensed to Mercy Hospital Of Franciscan Sisters Inc
Composite
20.0
rank score
Distress
10
FY2024
Fit
34
vs thesis
Estimated ticket
$1.4M–$2.9M
17 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 | $18.3M |
| Operating margin | 17.8% |
| Total margin | 18.5% |
| Days cash on hand | — |
| Current ratio | 2.46 |
| Occupancy | 23% |
Facility
| Beds | 17 |
| 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 | 25 | $15.6M | $1.6M | 12.4% | 10.3% | — | 1.01 | 10% | 176 | 16 |
| 2022 | 19 | $13.7M | $-1.9M | -11.8% | -14.1% | — | 1.14 | 14% | 167 | 73 |
| 2023 | 17 | $13.8M | $-1.3M | -6.1% | -9.7% | — | 1.48 | 19% | 205 | 66 |
| 2024 | 17 | $18.3M | $3.4M | 17.8% | 18.5% | — | 2.46 | 23% | 215 | 10 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mercy Health Network Inc | 5% or greater indirect ownership interest | 100 | 2016-05 | |
| Trinity Health Corporation | 5% or greater indirect ownership interest | 100 | 2016-05 | chain |
| Wheaton Franciscan Healthcare - Iowa Inc | 5% or greater indirect ownership interest | 100 | 2006-03 | |
| Bryan Burton | corporate director | 2025-01 | ||
| David Deaver | corporate officer | 2015-04 | ||
| David Deaver | corporate director | 2015-04 | ||
| Kurt Andersen | corporate director | 2024-01 | ||
| Lora Dinsdale | w-2 managing employee | 1987-03 | ||
| Nancy Kertz | corporate director | 2025-01 | ||
| Rachelle Makinde | corporate officer | 2022-01 | ||
| Rachelle Makinde | corporate director | 2022-01 | ||
| Ryan Meyer | corporate officer | 2023-01 | ||
| Ryan Meyer | w-2 managing employee | 2023-01 | ||
| Sandra Benak | corporate director | 2023-01 | ||
| Sheila Gifford | corporate officer | 2025-08 | ||
| Sheila Gifford | w-2 managing employee | 2025-08 | ||
| Stuart Kilpinen | operational/managerial control | 2023-06 | ||
| Timothy Huber | corporate officer | 2017-04 | ||
| Timothy Huber | w-2 managing employee | 1987-12 |
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 |