Lucas County Health Center
Chariton, Lucas County, IA
· CCN 161341
Licensed to Lucas County Health Center
Composite
33.6
rank score
Distress
41
FY2024
Fit
38
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- 60-90 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- 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 | $29.5M |
| Operating margin | -3.8% |
| Total margin | 8.4% |
| Days cash on hand | 76 |
| Current ratio | 3.59 |
| Occupancy | 10% |
Facility
| Beds | 25 |
| 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 | 25 | $21.8M | $4.6M | -12.0% | 15.8% | 156 | 2.05 | 11% | 204 | 41 |
| 2022 | 25 | $25.5M | $2.5M | -4.3% | 8.6% | 80 | 2.09 | 12% | 231 | 34 |
| 2023 | 25 | $25.4M | $821K | -13.8% | 2.8% | 36 | 3.24 | 8% | 173 | 53 |
| 2024 | 25 | $29.5M | $2.8M | -3.8% | 8.4% | 76 | 3.59 | 10% | 187 | 41 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Lucas County Health Center | 5% or greater direct ownership interest | 100 | 2013-10 | |
| Amanda Schroeder | corporate director | 2025-02 | ||
| Amy Mccurdy | corporate officer | 2015-05 | ||
| Amy Mccurdy | w-2 managing employee | 2015-02 | ||
| Central Iowa Hospital Corporation | operational/managerial control | 2015-09 | ||
| David Stark | other | 2018-07 | ||
| Jay Christensen | contracted managing employee | 2020-09 | ||
| Jay Christensen | corporate officer | 2020-09 | ||
| Joni Hannon | corporate officer | 2023-10 | ||
| Joni Hannon | w-2 managing employee | 2023-10 | ||
| Kenneth Anderson | corporate officer | 2015-05 | ||
| Kenneth Anderson | w-2 managing employee | 2015-05 | ||
| Lana Kuball | corporate director | 2023-01 | ||
| Lisa Junkman | corporate director | 2015-01 | ||
| Lori Johnson | corporate officer | 2015-05 | ||
| Lori Johnson | w-2 managing employee | 2015-05 | ||
| Michael Miller | corporate director | 2013-01 | ||
| Natalie Mcgee | corporate director | 2007-11 | ||
| Randy Westman | corporate director | 2009-01 | ||
| Sheila Laing | corporate director | 2023-01 | ||
| Stephanie Bear | corporate director | 2020-05 |
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 |