Faith Regional Health Services
dba Faith Health ·
Norfolk, Madison County, NE
· CCN 280125
Licensed to Faith Regional Health Services
Composite
27.2
rank score
Distress
8
FY2023
Fit
59
vs thesis
Estimated ticket
$12.2M–$24.4M
122 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- occupancy 45-60%
- margin deteriorating
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $197M |
| Operating margin | 8.8% |
| Total margin | 2.6% |
| Days cash on hand | 167 |
| Current ratio | 5.78 |
| Occupancy | 46% |
Facility
| Beds | 122 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 122 | $182M | $13.3M | 13.4% | 6.4% | 225 | 3.18 | 45% | 4,503 | 6 |
| 2021 | 122 | $198M | $11.1M | 12.9% | 4.9% | 216 | 4.31 | 48% | 4,717 | 2 |
| 2022 | 122 | $198M | $-4.3M | 10.1% | -2.0% | 160 | 5.50 | 43% | 4,740 | 13 |
| 2023 | 122 | $197M | $6.0M | 8.8% | 2.6% | 167 | 5.78 | 46% | 5,526 | 8 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brenda Baker | corporate officer | 2024-09 | ||
| Brenda Baker | w-2 managing employee | 2024-09 | ||
| Brenda Baker | operational/managerial control | 2024-09 | ||
| Brent Berner | corporate director | 2025-03 | ||
| Connie Rupp | w-2 managing employee | 2017-09 | ||
| Connie Rupp | operational/managerial control | 2017-09 | ||
| Diane Becker | corporate officer | 2026-01 | ||
| Diane Becker | corporate director | 2021-01 | ||
| Jacque Collison | corporate officer | 2024-01 | ||
| Jacque Collison | corporate director | 2020-01 | ||
| Jason Doele | corporate director | 2024-01 | ||
| John Dinkel | corporate officer | 2023-01 | ||
| John Dinkel | corporate director | 2021-01 | ||
| Joshua Gossman | corporate director | 2020-01 | ||
| Kelly Driscoll | corporate officer | 2018-08 | ||
| Kelly Driscoll | w-2 managing employee | 2011-07 | ||
| Kelly Driscoll | operational/managerial control | 2011-07 | ||
| Lane Handke | corporate director | 2019-05 | ||
| Leon Rosenthal | corporate director | 2021-01 | ||
| Lutheran Community Hospital Association Of Norfolk Nebraska | operational/managerial control | 1996-02 | ||
| Mark Davis | w-2 managing employee | 2019-05 | ||
| Mark Davis | operational/managerial control | 2019-05 | ||
| Maryanne Hartzell | corporate director | 2024-01 | ||
| Michael Moreno | corporate director | 2026-01 | ||
| Regina Busboom | corporate director | 2023-01 |
Showing 25 of 29. Full list via /api/targets/280125.
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 |