Mahaska Health Partnership
dba Mahaska Health ·
Oskaloosa, Mahaska County, IA
· CCN 161379
Licensed to Mahaska County Hospital
Composite
29.1
rank score
Distress
23
FY2024
Fit
47
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin under 2%
- 30-60 days cash on hand
- occupancy 45-60%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $95.0M |
| Operating margin | 1.9% |
| Total margin | 9.5% |
| Days cash on hand | 55 |
| Current ratio | 3.70 |
| Occupancy | 55% |
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 | $57.6M | $1.1M | -21.1% | 1.6% | 84 | 2.01 | 49% | 834 | 51 |
| 2022 | 25 | $69.6M | $10.0M | 2.1% | 12.8% | 86 | 3.54 | 49% | 834 | 17 |
| 2023 | 25 | $75.6M | $3.8M | -3.9% | 4.6% | 57 | 2.95 | 58% | 1,025 | 34 |
| 2024 | 25 | $95.0M | $9.8M | 1.9% | 9.5% | 55 | 3.70 | 55% | 1,293 | 23 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andra King | w-2 managing employee | 2020-12 | ||
| Andra King | operational/managerial control | 2020-12 | ||
| Andrea Hagist | w-2 managing employee | 2018-07 | ||
| Andrea Hagist | operational/managerial control | 2018-07 | ||
| Daris Rosencrance | corporate officer | 2021-11 | ||
| Daris Rosencrance | w-2 managing employee | 2021-11 | ||
| Daris Rosencrance | operational/managerial control | 2021-11 | ||
| David Langkamp | corporate officer | 2013-01 | ||
| David Langkamp | corporate director | 2011-11 | ||
| Donna Arendt | corporate officer | 2021-10 | ||
| Donna Arendt | corporate director | 2021-10 | ||
| Dustin Hite | corporate director | 2023-04 | ||
| Eric Miller | w-2 managing employee | 2023-05 | ||
| Eric Miller | operational/managerial control | 2023-05 | ||
| Gregory Gordy | corporate officer | 2021-09 | ||
| Gregory Gordy | corporate director | 2021-09 | ||
| Guy Vander Linden | corporate director | 2021-10 | ||
| Joette Stout | corporate director | 2021-10 | ||
| Kevin Deronde | corporate officer | 2018-02 | ||
| Kevin Deronde | w-2 managing employee | 2018-02 | ||
| Kevin Deronde | operational/managerial control | 2018-02 | ||
| Marsha Riordan | corporate officer | 2021-11 | ||
| Marsha Riordan | corporate director | 2018-11 |
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 |