Chi Health St. Francis
Grand Island, Hall County, NE
· CCN 280023
Licensed to Saint Francis Medical Center
Composite
53.3
rank score
Distress
52
FY2024
Fit
70
vs thesis
Estimated ticket
$48.0M–$192M
113 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- current ratio below 0.8
- occupancy 30-45%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $120M |
| Operating margin | -21.5% |
| Total margin | 17.0% |
| Days cash on hand | 179 |
| Current ratio | -1.06 |
| Occupancy | 40% |
Facility
| Beds | 113 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 143 | $161M | $101M | -5.1% | 37.4% | 947 | 1.75 | 36% | 4,515 | 28 |
| 2022 | 101 | $130M | $-11.1M | -14.6% | -8.0% | 1,187 | 1.61 | 52% | 4,219 | 47 |
| 2023 | 101 | $116M | $5.0M | -24.8% | 3.3% | 194 | -1.32 | 46% | 4,014 | 43 |
| 2024 | 113 | $120M | $29.8M | -21.5% | 17.0% | 179 | -1.06 | 40% | 4,436 | 52 |
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 | chain |
| Cindy Alloway | corporate director | 2023-07 | ||
| Daniel Morissette | corporate officer | 2019-02 | ||
| Dave Taylor | corporate director | 2022-10 | ||
| Edward Hannon | contracted managing employee | 2017-05 | ||
| Heather Morgan | corporate director | 2020-07 | ||
| John Petersdorf | corporate director | 2021-01 | ||
| Kathryne Cutler | corporate director | 2023-07 | ||
| Kelly Bacon | corporate director | 2021-07 | ||
| Kevin Fitzgerald | corporate director | 2021-07 | ||
| Kirtibala Gupta | corporate director | 2021-07 | ||
| Mardell Wilson | corporate director | 2020-10 | ||
| Maurita Soukup | corporate director | 2017-07 | ||
| Nadine Heimann | corporate director | 2019-07 | ||
| 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 |