Mercy Medical Center-Centerville
dba Mercyone Centerville Medical Center ·
Centerville, Appanoose County, IA
· CCN 161377
Licensed to Mercy Medical Center-Centerville
Composite
32.0
rank score
Distress
41
FY2024
Fit
34
vs thesis
Estimated ticket
$1.7M–$3.4M
20 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 30-60 days cash on hand
- current liabilities exceed current assets
- debt above 85% of assets
- occupancy below 30%
- margin slipping
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $51.0M |
| Operating margin | 11.9% |
| Total margin | 12.9% |
| Days cash on hand | 31 |
| Current ratio | 1.00 |
| Occupancy | 14% |
Facility
| Beds | 20 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 | $35.0M | $6.8M | -11.7% | 14.9% | 59 | 1.65 | 17% | 303 | 53 |
| 2022 | 20 | $40.2M | $-3.9M | -12.5% | -9.2% | 18 | 1.52 | 18% | 328 | 76 |
| 2023 | 20 | $40.4M | $-6.0M | -15.9% | -14.7% | 0 | 0.76 | 17% | 302 | 97 |
| 2024 | 20 | $51.0M | $6.7M | 11.9% | 12.9% | 31 | 1.00 | 14% | 284 | 41 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Catholic Health Initiatives-Iowa Corp | 5% or greater indirect ownership interest | 100 | 2022-09 | |
| Mercy Health Network Inc | 5% or greater indirect ownership interest | 100 | 2022-09 | |
| Trinity Health Corporation | 5% or greater indirect ownership interest | 100 | 2022-09 | |
| Alison Fraser | corporate officer | 2018-07 | ||
| Alison Fraser | corporate director | 2018-07 | ||
| Bradley Grothe | corporate director | 2019-07 | ||
| Cynthia Tripp | w-2 managing employee | 2009-09 | ||
| Jerry Kirkpatrick | corporate director | 2017-08 | ||
| Julie Brinegar | corporate officer | 2024-01 | ||
| Julie Brinegar | w-2 managing employee | 2024-01 | ||
| Margaret Weigel | corporate director | 2016-04 | ||
| Michael Trachta | corporate director | 2023-07 | ||
| Nicole Clapp | corporate officer | 2022-06 | ||
| Nicole Clapp | corporate director | 2022-06 | ||
| Noel Gorden | corporate director | 2024-01 | ||
| Renate Deininger | corporate director | 2021-07 | ||
| Ryan Arnevik | corporate director | 2020-07 | ||
| Sandra Christensen | corporate officer | 2023-07 | ||
| Sherri Doggett | corporate officer | 2011-10 | ||
| Sherri Doggett | w-2 managing employee | 2007-11 | ||
| Stuart Kilpinen | operational/managerial control | 2023-06 | ||
| Victoria Arndorfer | corporate director | 2019-07 |
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 |