Virginia Gay Hospital
Vinton, Benton County, IA
· CCN 161349
Licensed to Virginia Gay Hospital Inc
Composite
21.8
rank score
Distress
12
FY2024
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 90-150 days cash on hand
- occupancy below 30%
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $34.9M |
| Operating margin | 5.0% |
| Total margin | 26.0% |
| Days cash on hand | 139 |
| Current ratio | 5.25 |
| Occupancy | 18% |
Facility
| Beds | 25 |
| 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 | $28.5M | $9.0M | -10.2% | 22.2% | 90 | 4.33 | 16% | 268 | 47 |
| 2022 | 25 | $32.0M | $-167K | -6.8% | -0.5% | 100 | 2.96 | 17% | 279 | 43 |
| 2023 | 25 | $32.2M | $480K | -12.7% | 1.3% | 72 | 3.75 | 13% | 270 | 50 |
| 2024 | 25 | $34.9M | $11.6M | 5.0% | 26.0% | 139 | 5.25 | 18% | 315 | 12 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brian Meeker | corporate director | 11 | 1995-06 | |
| David Vermedahl | corporate officer | 11 | 2004-11 | |
| David Vermedahl | corporate director | 11 | 2001-11 | |
| John Yundt | corporate officer | 11 | 2009-10 | |
| John Yundt | corporate director | 11 | 2001-11 | |
| Marie Foth | corporate director | 11 | 2009-10 | |
| Michelle Elgin | corporate director | 11 | 2013-09 | |
| Barry Dietsch | corporate officer | 2014-07 | ||
| Barry Dietsch | w-2 managing employee | 2014-07 | ||
| Barry Dietsch | operational/managerial control | 2014-07 | ||
| John Mossman | corporate officer | 2019-01 | ||
| John Yundt | w-2 managing employee | 1992-06 | ||
| John Yundt | operational/managerial control | 1992-06 | ||
| Kyle Koeppen | corporate officer | 2021-10 | ||
| Max Maynard | corporate director | 2018-01 | ||
| Sara Stuefen | corporate officer | 2019-01 | ||
| Sara Stuefen | corporate director | 2019-01 | ||
| Tina Eden | corporate officer | 2025-04 | ||
| Tina Eden | w-2 managing employee | 2025-04 | ||
| Tina Eden | operational/managerial control | 2025-04 |
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 |