Buena Vista Regional Medical Center
Storm Lake, Buena Vista County, IA
· CCN 161375
Licensed to Buena Vista Regional Medical Center
Composite
21.8
rank score
Distress
11
FY2024
Fit
42
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin under 2%
- occupancy 30-45%
- 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 | $72.2M |
| Operating margin | 1.8% |
| Total margin | 12.8% |
| Days cash on hand | 195 |
| Current ratio | 4.19 |
| 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 | $56.9M | $2.7M | -7.6% | 4.2% | 140 | 3.02 | 34% | 892 | 32 |
| 2022 | 25 | $59.3M | $10.8M | -4.3% | 14.9% | 218 | 4.53 | 34% | 837 | 21 |
| 2023 | 25 | $59.4M | $3.2M | -11.1% | 4.7% | 180 | 7.82 | 33% | 892 | 33 |
| 2024 | 25 | $72.2M | $10.4M | 1.8% | 12.8% | 195 | 4.19 | 33% | 817 | 11 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brenda Halverson | corporate director | 2009-01 | ||
| Daniel Bacon | corporate director | 2010-08 | ||
| Daniel Richardson | corporate director | 2024-03 | ||
| Duane Miller | corporate director | 2022-03 | ||
| Edean Murray | corporate officer | 2007-01 | ||
| Edean Murray | corporate director | 2003-01 | ||
| Krista Ketcham | corporate officer | 2013-10 | ||
| Krista Ketcham | w-2 managing employee | 2010-11 | ||
| Krista Ketcham | operational/managerial control | 2010-11 | ||
| Michele Kelly | corporate officer | 2020-10 | ||
| Michele Kelly | w-2 managing employee | 2020-10 | ||
| Michele Kelly | operational/managerial control | 2020-10 | ||
| Richard Lampe | corporate officer | 2011-01 | ||
| Richard Lampe | corporate director | 2007-01 | ||
| Sabrina Martinez | contracted managing employee | 2024-01 | ||
| Sabrina Martinez | operational/managerial control | 2024-01 | ||
| Steven Colerick | contracted managing employee | 2011-11 | ||
| Steven Colerick | corporate officer | 2013-10 | ||
| Steven Colerick | operational/managerial control | 2011-11 | ||
| Tara Hach | corporate officer | 2024-01 | ||
| Tara Hach | corporate director | 2015-04 | ||
| Trinity Health Systems, Inc | operational/managerial control | 2005-01 |
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 |