Crawford County Memorial Hospital
Denison, Crawford County, IA
· CCN 161369
Licensed to Crawford County Memorial Hospital
Composite
20.6
rank score
Distress
12
FY2024
Fit
38
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
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
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $43.4M |
| Operating margin | 5.7% |
| Total margin | 15.3% |
| Days cash on hand | 97 |
| Current ratio | 2.83 |
| Occupancy | 15% |
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 | $32.2M | $2.6M | -15.0% | 6.6% | 131 | 3.42 | 23% | 540 | 49 |
| 2022 | 25 | $34.6M | $3.8M | -3.5% | 9.7% | 163 | 3.75 | 21% | 511 | 29 |
| 2023 | 25 | $36.4M | $1.8M | -9.4% | 4.3% | 143 | 4.04 | 17% | 434 | 40 |
| 2024 | 25 | $43.4M | $7.5M | 5.7% | 15.3% | 97 | 2.83 | 15% | 325 | 12 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amy Schultz | corporate officer | 2022-01 | ||
| Amy Schultz | corporate director | 2021-01 | ||
| David Reisz | corporate director | 2021-01 | ||
| David Wright | w-2 managing employee | 2022-01 | ||
| David Wright | operational/managerial control | 2022-01 | ||
| Erin Muck | corporate officer | 2019-08 | ||
| Erin Muck | w-2 managing employee | 2015-06 | ||
| Erin Muck | operational/managerial control | 2015-06 | ||
| Jason Mendlik | corporate officer | 2020-01 | ||
| Jason Mendlik | corporate director | 2017-01 | ||
| Jon Schuttinga | corporate director | 2023-08 | ||
| Rachel Melby | corporate officer | 2018-04 | ||
| Rachel Melby | w-2 managing employee | 2014-10 | ||
| Rachel Melby | operational/managerial control | 2014-10 | ||
| Vernon Leise | corporate officer | 2021-01 | ||
| Vernon Leise | corporate director | 2019-01 |
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 |