Henry County Health Center
Mt. Pleasant, Henry County, IA
· CCN 161356
Licensed to Henry County Health Center Inc
Composite
32.2
rank score
Distress
35
FY2024
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 30-60 days cash on hand
- current ratio below 0.8
- 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 | $54.3M |
| Operating margin | 3.1% |
| Total margin | 8.2% |
| Days cash on hand | 31 |
| Current ratio | -4.61 |
| Occupancy | 17% |
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 | $35.8M | $3.6M | -17.6% | 7.8% | 19 | 1.99 | 15% | 293 | 59 |
| 2022 | 25 | $35.9M | $-2.1M | -9.8% | -5.7% | 21 | 2.92 | 12% | 216 | 66 |
| 2023 | 25 | $38.4M | $-822K | -9.6% | -2.1% | 5 | 1.18 | 23% | 200 | 69 |
| 2024 | 25 | $54.3M | $4.6M | 3.1% | 8.2% | 31 | -4.61 | 17% | 212 | 35 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Great River Health System Inc | 5% or greater direct ownership interest | 100 | 2021-07 | |
| Teresa Colgan | corporate officer | 100 | 2022-07 | |
| Teresa Colgan | w-2 managing employee | 100 | 2022-07 | |
| Carla Mcnamee | corporate director | 2021-07 | ||
| Chad Hudson | corporate director | 2023-03 | ||
| David File | corporate director | 2021-07 | ||
| Deanna Barr | corporate director | 2021-07 | ||
| Douglas Martin | corporate director | 2021-07 | ||
| Gina Riherd | corporate director | 2025-07 | ||
| Hope Dunn | w-2 managing employee | 2022-06 | ||
| Jennifer Moutrie | corporate director | 2023-02 | ||
| Jeremy Alexander | w-2 managing employee | 2018-12 | ||
| Joel Ryon | w-2 managing employee | 2023-01 | ||
| John Mckillip | corporate director | 2021-07 | ||
| Joseph Tansey | corporate director | 2023-02 | ||
| Michael Mccoy | corporate officer | 2022-11 | ||
| Michael Yost | w-2 managing employee | 2023-02 | ||
| Robert Engberg | corporate director | 2021-07 | ||
| Russell Rodriguez | w-2 managing employee | 2022-08 | ||
| Sara Schurr | corporate director | 2021-07 | ||
| Todd Chelf | w-2 managing employee | 2021-01 | ||
| Tomi Hagan | w-2 managing employee | 2018-12 | ||
| Whitney Rogers | corporate director | 2021-07 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2021-07-01 | change of ownership | Henry County Health Center Inc | Henry County Soldiers' And... |
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 |