Boone County Hospital
dba Boone County Hospital ·
Boone, Boone County, IA
· CCN 161372
Licensed to Boone County Hospital
Composite
29.6
rank score
Distress
32
FY2024
Fit
38
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin -10% to -5%
- 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 | $51.8M |
| Operating margin | -5.5% |
| Total margin | 8.7% |
| Days cash on hand | 107 |
| Current ratio | 3.49 |
| Occupancy | 22% |
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 | $40.0M | $3.3M | -24.5% | 6.3% | 104 | 4.64 | 28% | 658 | 46 |
| 2022 | 25 | $44.0M | $1.4M | -13.4% | 2.7% | 104 | 3.56 | 27% | 503 | 41 |
| 2023 | 25 | $44.5M | $961K | -19.8% | 1.8% | 86 | 3.17 | 22% | 329 | 50 |
| 2024 | 25 | $51.8M | $5.2M | -5.5% | 8.7% | 107 | 3.49 | 22% | 341 | 32 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Boone County Hospital | operational/managerial control | 2005-09 | ||
| Brian Reimers | corporate officer | 2021-01 | ||
| Catherine Wetzeler | corporate officer | 2022-01 | ||
| Christopher Torres | corporate officer | 2024-06 | ||
| Christopher Torres | w-2 managing employee | 2024-06 | ||
| Emily Mccarty | corporate officer | 2019-10 | ||
| Kathryn Linkenmeyer | w-2 managing employee | 2026-01 | ||
| Lisa Kobernusz | corporate officer | 2014-04 | ||
| Meredith Nerem | corporate officer | 2014-04 | ||
| Mikaela Kienitz | corporate officer | 2023-01 | ||
| Mikaela Kienitz | w-2 managing employee | 2023-01 | ||
| Robert Getschman | corporate officer | 2017-01 | ||
| Troy Thompson | corporate officer | 2013-01 |
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 |