Van Diest Medical Center
Webster City, Hamilton County, IA
· CCN 161361
Licensed to Hamilton County Public Hospital
Composite
36.6
rank score
Distress
44
FY2024
Fit
42
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin -10% to -5%
- 60-90 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 | $41.1M |
| Operating margin | -5.7% |
| Total margin | 9.4% |
| Days cash on hand | 74 |
| Current ratio | 3.03 |
| Occupancy | 35% |
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 | $32.3M | $8.3M | -13.2% | 18.5% | 217 | 2.97 | 43% | 416 | 33 |
| 2022 | 25 | $35.8M | $4.7M | -0.9% | 11.5% | 185 | 3.73 | 41% | 439 | 21 |
| 2023 | 25 | $36.8M | $3.3M | -2.9% | 7.9% | 61 | 2.84 | 41% | 404 | 31 |
| 2024 | 25 | $41.1M | $4.5M | -5.7% | 9.4% | 74 | 3.03 | 35% | 403 | 44 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amy Mcdonough | corporate director | 2018-01 | ||
| Ashley Allers | corporate officer | 2022-04 | ||
| Carroll Ose | corporate officer | 2013-01 | ||
| Darcy Swon | corporate officer | 2015-07 | ||
| David Everson | corporate director | 2020-05 | ||
| Kirk Mccollough | corporate officer | 2015-01 | ||
| Kyle Heffernan | operational/managerial control | 2020-01 | ||
| Lisa Ridge | contracted managing employee | 2017-10 | ||
| Lisa Ridge | corporate officer | 2017-10 | ||
| Mercy Health Network Inc | operational/managerial control | 2010-07 | ||
| Michelle Zahn | corporate director | 2022-08 |
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 |