Mercyone Dyersville Medical Center
Dyersville, Dubuque County, IA
· CCN 161378
Licensed to Mercy Medical Center-Dyersville
Composite
25.4
rank score
Distress
22
FY2024
Fit
34
vs thesis
Estimated ticket
$1.1M–$2.2M
13 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- occupancy below 30%
- part of a multi-hospital chain — divestiture candidate
- 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 | $7.5M |
| Operating margin | -3.2% |
| Total margin | 15.8% |
| Days cash on hand | 599 |
| Current ratio | 7.01 |
| Occupancy | 11% |
Facility
| Beds | 13 |
| 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 | 20 | $5.7M | $671K | -13.4% | 11.8% | 414 | 4.51 | 12% | 17 | 37 |
| 2022 | 20 | $7.2M | $-923K | 1.0% | -13.4% | 456 | 7.46 | 9% | 35 | 32 |
| 2023 | 13 | $6.5M | $-720K | -17.5% | -11.6% | 490 | 11.56 | 11% | 26 | 53 |
| 2024 | 13 | $7.5M | $1.2M | -3.2% | 15.8% | 599 | 7.01 | 11% | 39 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mercy Health Network Inc | operational/managerial control | 100 | 2016-03 | |
| Mercy Health Services-Iowa Corp | 5% or greater indirect ownership interest | 100 | 1998-08 | |
| Trinity Health Corporation | 5% or greater indirect ownership interest | 100 | 2000-05 | chain |
| Daniel Isacksen | corporate director | 2022-06 | ||
| Daniel Roth | corporate director | 2022-06 | ||
| Danielle Gearhart | corporate officer | 2024-08 | ||
| Danielle Gearhart | w-2 managing employee | 2024-08 | ||
| Heather Campbell | corporate officer | 2020-01 | ||
| Hilary Christiansen | w-2 managing employee | 2025-03 | ||
| Ray Anderson | corporate director | 2024-01 | ||
| Robert Casalou | corporate officer | 2026-01 | ||
| Robert Casalou | corporate director | 2026-01 | ||
| Sandra Christensen | corporate officer | 2024-07 | ||
| Terri Donovan | corporate officer | 2024-01 |
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 |