Washington County Hospital
dba Washington County Hospital And Clinics ·
Washington, Washington County, IA
· CCN 161344
Licensed to Washington County Hospital
Composite
33.6
rank score
Distress
47
FY2024
Fit
31
vs thesis
Estimated ticket
$1.9M–$3.7M
22 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- 90-150 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 | $49.9M |
| Operating margin | -13.9% |
| Total margin | 4.3% |
| Days cash on hand | 100 |
| Current ratio | 3.24 |
| Occupancy | 15% |
Facility
| Beds | 22 |
| 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 | 22 | $38.7M | $5.6M | -15.4% | 10.9% | 197 | 1.04 | 21% | 346 | 44 |
| 2022 | 22 | $42.3M | $8.1M | -9.0% | 14.6% | 163 | 1.34 | 21% | 347 | 34 |
| 2023 | 22 | $43.3M | $4.3M | -16.3% | 7.7% | 174 | 1.60 | 17% | 310 | 37 |
| 2024 | 22 | $49.9M | $2.6M | -13.9% | 4.3% | 100 | 3.24 | 15% | 309 | 47 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andrea Leyden | corporate officer | 2015-03 | ||
| Andrea Leyden | w-2 managing employee | 2015-03 | ||
| David Bruns | corporate director | 2015-01 | ||
| David Mitchell | corporate director | 2021-10 | ||
| Edward Weeks | corporate director | 2017-01 | ||
| Mary Rich | corporate director | 2026-03 | ||
| Michael Driscoll | corporate director | 2020-01 | ||
| Michelle Cleverley | corporate officer | 2017-01 | ||
| Michelle Cleverley | w-2 managing employee | 2017-01 | ||
| Mike Vanosdol | corporate director | 2015-01 | ||
| Philip Roudabush | corporate officer | 2024-05 | ||
| Philip Roudabush | w-2 managing employee | 2024-05 | ||
| Stephan Schomer | contracted managing employee | 2015-03 | ||
| Stephan Schomer | corporate officer | 2015-03 | ||
| Sue Basten | corporate director | 2019-01 | ||
| Todd Patterson | corporate officer | 2018-04 | ||
| Todd Patterson | w-2 managing employee | 2018-04 |
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 |