Jefferson County Hospital
dba Jefferson County Health Center ·
Fairfield, Jefferson County, IA
· CCN 161364
Licensed to Jefferson County Hospital
Composite
22.9
rank score
Distress
17
FY2024
Fit
38
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- 60-90 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
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $68.4M |
| Operating margin | 6.9% |
| Total margin | 12.4% |
| Days cash on hand | 89 |
| Current ratio | 13.09 |
| Occupancy | 30% |
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 | $49.0M | $6.2M | -11.9% | 10.1% | 129 | 3.54 | 44% | 565 | 38 |
| 2022 | 25 | $54.6M | $2.1M | -7.5% | 3.4% | 112 | 2.71 | 42% | 642 | 32 |
| 2023 | 25 | $56.0M | $515K | -6.7% | 0.9% | 83 | 2.68 | 36% | 534 | 41 |
| 2024 | 25 | $68.4M | $9.0M | 6.9% | 12.4% | 89 | 13.09 | 30% | 446 | 17 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jefferson County Hospital | 5% or greater direct ownership interest | 100 | 2004-11 | |
| Brent Feickert | corporate officer | 2023-01 | ||
| Brent Feickert | w-2 managing employee | 2023-01 | ||
| Greg Hanshaw | corporate director | 2011-11 | ||
| Joneane Parker | corporate director | 2018-01 | ||
| Julie Greeson | corporate director | 2011-01 | ||
| Merlin Miller | corporate director | 2007-01 | ||
| Renee Rebling | corporate director | 2009-11 | ||
| Robert Keller | corporate director | 1992-01 | ||
| Trent Hammes | corporate director | 2018-01 |
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 |