Kossuth Regional Health Center
Algona, Kossuth County, IA
· CCN 161353
Licensed to Kossuth Regional Health Center
Composite
27.1
rank score
Distress
29
FY2024
Fit
35
vs thesis
Estimated ticket
$2.0M–$4.1M
24 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $43.8M |
| Operating margin | -0.8% |
| Total margin | 14.5% |
| Days cash on hand | 208 |
| Current ratio | 9.78 |
| Occupancy | 36% |
Facility
| Beds | 24 |
| 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 | 24 | $35.7M | $10.3M | -9.0% | 20.5% | 221 | 7.26 | 51% | 702 | 24 |
| 2022 | 24 | $38.7M | $6.4M | -6.1% | 13.1% | 257 | 7.42 | 54% | 793 | 24 |
| 2023 | 24 | $38.2M | $6.4M | -9.6% | 13.1% | 253 | 7.62 | 50% | 769 | 24 |
| 2024 | 24 | $43.8M | $7.6M | -0.8% | 14.5% | 208 | 9.78 | 36% | 624 | 29 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brenda Bormann | corporate director | 2016-10 | ||
| Collete Mcconnell | corporate officer | 2021-02 | ||
| Conley Nelson | corporate director | 2013-05 | ||
| Darlene Elbert | contracted managing employee | 1987-01 | ||
| Darlene Elbert | corporate officer | 1987-01 | ||
| Greg Penning | corporate officer | 2023-01 | ||
| Jason Wartick | corporate director | 2021-06 | ||
| Kossuth Regional Health Center | operational/managerial control | 1973-01 | ||
| Thomas Geelan | corporate director | 2013-05 |
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 |