Chi Health St. Elizabeth
Lincoln, Lancaster County, NE
· CCN 280020
Licensed to Saint Elizabeth Regional Medical Center
Composite
51.9
rank score
Distress
46
FY2024
Fit
78
vs thesis
Estimated ticket
$68.5M–$274M
137 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- 90-150 days cash on hand
- current ratio below 0.8
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $181M |
| Operating margin | -6.0% |
| Total margin | 5.3% |
| Days cash on hand | 117 |
| Current ratio | -1.23 |
| Occupancy | 65% |
Facility
| Beds | 137 |
| 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 | 258 | $163M | $36.8M | -8.3% | 17.3% | 846 | 2.06 | 34% | 7,126 | 28 |
| 2022 | 137 | $161M | $-19.9M | -12.7% | -12.4% | 876 | 1.77 | 64% | 6,500 | 44 |
| 2023 | 137 | $164M | $-16.2M | -13.7% | -9.5% | 94 | -0.94 | 61% | 6,601 | 62 |
| 2024 | 137 | $181M | $10.7M | -6.0% | 5.3% | 117 | -1.23 | 65% | 7,874 | 46 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Chi Nebraska | 5% or greater direct ownership interest | 100 | 2013-08 | |
| Commonspirit Health | 5% or greater indirect ownership interest | 100 | 2013-08 | |
| Cindy Alloway | corporate director | 2023-07 | ||
| Daniel Morissette | corporate officer | 2019-02 | ||
| Daniel Morissette | other | 2023-09 | ||
| Derek Vance | contracted managing employee | 2017-11 | ||
| Heather Morgan | corporate director | 2020-07 | ||
| John Petersdorf | corporate director | 2021-01 | ||
| Kelly Bacon | corporate director | 2021-07 | ||
| Kevin Fitzgerald | corporate director | 2021-07 | ||
| Kirtibala Gupta | corporate director | 2021-07 | ||
| Mardell Wilson | corporate director | 2020-10 | ||
| Nick O'tool | corporate officer | 2023-07 | ||
| Nick O'tool | operational/managerial control | 2023-01 | ||
| Tim Bricker | corporate officer | 2023-07 | ||
| Tim Bricker | corporate director | 2023-07 | ||
| William Barney | corporate director | 2020-07 |
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 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 |