Nebraska Orthopaedic Hospital Llc
dba Nebraska Orthopaedic Hospital ·
Omaha, Douglas County, NE
· CCN 280129
Licensed to Nebraska Orthopaedic Hospital Llc
Composite
37.9
rank score
Distress
38
FY2023
Fit
52
vs thesis
Estimated ticket
$12.0M–$48.0M
24 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very small facility
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $125M |
| Operating margin | 3.9% |
| Total margin | 4.5% |
| Days cash on hand | 16 |
| Current ratio | 3.35 |
| Occupancy | 7% |
Facility
| Beds | 24 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 24 | $84.5M | $18.3M | 13.3% | 19.9% | 55 | 1.71 | 21% | 1,543 | 26 |
| 2021 | 24 | $98.9M | $22.1M | 21.5% | 22.2% | 28 | 1.82 | 8% | 463 | 31 |
| 2022 | 24 | $112M | $25.7M | 22.5% | 22.8% | 13 | 2.24 | 6% | 277 | 31 |
| 2023 | 24 | $125M | $5.6M | 3.9% | 4.5% | 16 | 3.35 | 7% | 326 | 38 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Orthopaedic (Itc) Hospital Holdings, Llc | 5% or greater direct ownership interest | 100 | 2023-07 | |
| Orthopaedic (Itc) Holdings, Llc | 5% or greater indirect ownership interest | 100 | 2023-07 | |
| Orthopaedic (Itc) Intermediate Holdings, Llc | 5% or greater indirect ownership interest | 100 | 2023-07 | |
| Itc Iii Ortho Splitter, Lp | 5% or greater indirect ownership interest | 51 | 2023-07 | |
| Orthopaedic (Itc) Buyer, Llc | 5% or greater indirect ownership interest | 51 | 2023-07 | |
| Outlook, Llc | 5% or greater indirect ownership interest | 49 | 2023-07 | |
| Intandem Capital Partners Fund Iii, Lp | 5% or greater indirect ownership interest | 30 | 2023-07 | |
| Itc Iii Ortho Blocker, Llc | 5% or greater indirect ownership interest | 14 | 2023-07 | |
| Itc Ortho Co-Invest, Lp | 5% or greater indirect ownership interest | 14 | 2023-07 | |
| Levi Scheppers | corporate officer | 2015-05 | ||
| Levi Scheppers | w-2 managing employee | 2015-05 | ||
| Tara Wisdom | corporate officer | 2019-09 | ||
| Tara Wisdom | w-2 managing employee | 2019-09 |
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 |