The Nebraska Medical Center
Omaha, Douglas County, NE
· CCN 280013
Licensed to Nebraska Medical Center
Composite
15.3
rank score
Distress
32
FY2024
Fit
55
vs thesis
Estimated ticket
$314M–$1.3B
629 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- 90-150 days cash on hand
- margin slipping
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $1.6B |
| Operating margin | -47.8% |
| Total margin | 4.2% |
| Days cash on hand | 98 |
| Current ratio | 2.00 |
| Occupancy | 81% |
Facility
| Beds | 629 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 616 | $1.3B | $108M | -42.1% | 5.6% | 132 | 2.38 | 82% | 24,138 | 32 |
| 2022 | 613 | $1.3B | $32.7M | -53.5% | 1.6% | 92 | 2.55 | 86% | 21,285 | 36 |
| 2023 | 592 | $1.4B | $62.9M | -54.9% | 2.8% | 79 | 1.53 | 87% | 21,206 | 38 |
| 2024 | 629 | $1.6B | $103M | -47.8% | 4.2% | 98 | 2.00 | 81% | 22,549 | 32 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Nebraska Medicine | 5% or greater direct ownership interest | 100 | 2017-12 | |
| Bradley Britigan | corporate director | 2016-07 | ||
| David Mercer | corporate director | 2018-10 | ||
| Herbert Davies | corporate director | 2024-07 | ||
| Jana Danielson | w-2 managing employee | 2018-10 | ||
| Jeffrey Gold | corporate director | 2026-01 | ||
| Kelly Vaughn | corporate director | 2024-03 | ||
| Kristina Kiviniemi | w-2 managing employee | 2025-07 | ||
| Nebraska Medical Center | operational/managerial control | 1997-10 | chain | |
| Stephanie Daubert | corporate officer | 2014-01 | ||
| Stephanie Daubert | w-2 managing employee | 2014-01 | ||
| Stephanie Moline | corporate director | 2026-01 | ||
| Thomas Diesing | corporate officer | 2026-01 | ||
| William Lydiatt | corporate officer | 2026-01 |
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 NE
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 |
|---|---|---|---|---|
| 2022-01-01 | Bryan Hospital Kearney | Kearney Regional Medical Center Llc | Kearney Regional Medical Center | 93 |
| 2018-10-01 | Methodist Fremont Health | Fremont Health | Methodist Fremont Health | 50 |