Winneshiek Medical Center
dba Winnmed ·
Decorah, Winneshiek County, IA
· CCN 161371
Licensed to Winneshiek Medical Center
Composite
33.5
rank score
Distress
37
FY2024
Fit
42
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- 30-60 days cash on hand
- occupancy 30-45%
- margin slipping
- 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 | $89.2M |
| Operating margin | -2.7% |
| Total margin | 5.4% |
| Days cash on hand | 60 |
| Current ratio | 2.44 |
| Occupancy | 33% |
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 | $67.6M | $5.2M | -5.3% | 6.8% | 170 | 2.05 | 38% | 732 | 28 |
| 2022 | 25 | $74.3M | $12.3M | 3.5% | 14.7% | 166 | 3.10 | 41% | 813 | 6 |
| 2023 | 25 | $77.6M | $8.3M | -0.1% | 9.7% | 57 | 2.45 | 38% | 779 | 38 |
| 2024 | 25 | $89.2M | $5.2M | -2.7% | 5.4% | 60 | 2.44 | 33% | 740 | 37 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Benjamin Stevens | corporate officer | 2022-02 | ||
| Benjamin Stevens | w-2 managing employee | 2022-02 | ||
| Britt Rhodes | corporate officer | 2023-01 | ||
| Clark Goltz | corporate director | 2008-01 | ||
| David Rooney | corporate officer | 2024-09 | ||
| Janice Heikes | corporate officer | 2023-01 | ||
| Justin Gullekson | corporate director | 2022-05 | ||
| Karen Mclean | corporate director | 2019-01 | ||
| Mark Jensen | corporate officer | 2023-01 | ||
| Rebekah Krueger | corporate officer | 2024-10 | ||
| Steven Slessor | corporate officer | 2021-11 |
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 |