Floyd County Hospital
dba Floyd County Medical Center ·
Charles City, Floyd County, IA
· CCN 161347
Licensed to Floyd County Memorial Hospital Commission
Composite
28.1
rank score
Distress
25
FY2024
Fit
42
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin under 2%
- 90-150 days cash on hand
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $48.2M |
| Operating margin | 1.3% |
| Total margin | 10.1% |
| Days cash on hand | 146 |
| Current ratio | 5.13 |
| Occupancy | 38% |
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 | $29.9M | $8.7M | -5.8% | 21.5% | 118 | 6.63 | 30% | 371 | 36 |
| 2022 | 25 | $34.8M | $4.1M | 2.9% | 10.7% | 167 | 3.22 | 41% | 475 | 6 |
| 2023 | 25 | $37.5M | $2.9M | -6.6% | 6.8% | 69 | 3.78 | 35% | 336 | 38 |
| 2024 | 25 | $48.2M | $5.3M | 1.3% | 10.1% | 146 | 5.13 | 38% | 391 | 25 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alyssa Conradi | w-2 managing employee | 2025-01 | ||
| Dawnett Willis | operational/managerial control | 2021-09 | ||
| Jonathan Perin | corporate director | 2025-01 | ||
| Jonathan Perin | w-2 managing employee | 2025-01 | ||
| Sheila Koudelka | w-2 managing employee | 2022-01 |
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 |