Kearney Regional Medical Center
Kearney, Buffalo County, NE
· CCN 280134
Licensed to Bryan Hospital Kearney
Composite
47.5
rank score
Distress
57
FY2023
Fit
50
vs thesis
Estimated ticket
$7.9M–$15.8M
93 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 30-45%
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $159M |
| Operating margin | -9.4% |
| Total margin | 45.9% |
| Days cash on hand | 4 |
| Current ratio | 0.62 |
| Occupancy | 45% |
Facility
| Beds | 93 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 98 | $140M | $10.9M | 6.2% | 7.7% | 112 | 1.92 | 41% | 2,975 | 18 |
| 2021 | 93 | $159M | $145M | -6.3% | 83.5% | 91 | 3.21 | 38% | 2,307 | 32 |
| 2022 | 93 | $146M | $-12.8M | -9.7% | -8.7% | 7 | 0.96 | 41% | 2,737 | 76 |
| 2023 | 93 | $159M | $148M | -9.4% | 45.9% | 4 | 0.62 | 45% | 4,309 | 57 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brenda Benjamin | corporate director | 2022-06 | ||
| Bryan Health | operational/managerial control | 2021-10 | chain | |
| Daniel Vanranken | w-2 managing employee | 2023-02 | ||
| Daniel Vanranken | operational/managerial control | 2023-02 | ||
| David Benavides | corporate officer | 2023-01 | ||
| David Benavides | corporate director | 2022-06 | ||
| Derick Lorentz | w-2 managing employee | 2024-10 | ||
| Derick Lorentz | operational/managerial control | 2024-04 | ||
| Douglas Koch | corporate officer | 2024-08 | ||
| Douglas Koch | w-2 managing employee | 2024-08 | ||
| Douglas Koch | operational/managerial control | 2024-08 | ||
| Jason Walsh | corporate director | 2025-01 | ||
| Jeffrey Hinrichs | corporate officer | 2023-01 | ||
| Jeffrey Hinrichs | corporate director | 2022-06 | ||
| John Woodrich | corporate director | 2022-06 | ||
| Joseph Cochran | corporate officer | 2023-01 | ||
| Joseph Cochran | corporate director | 2022-06 | ||
| Karianne Nickman | corporate officer | 2022-06 | ||
| Merlin Wehling | corporate director | 2022-06 | ||
| Michael W Morgan | corporate director | 2022-06 | ||
| Russell Gronewold | corporate director | 2021-10 | ||
| Scott Smith | corporate officer | 2023-01 | ||
| Scott Smith | corporate director | 2022-06 | ||
| Sean Denney | corporate director | 2022-06 | ||
| Shealee Clausen | w-2 managing employee | 2024-01 |
Showing 25 of 28. Full list via /api/targets/280134.
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2022-01-01 | change of ownership | Bryan Hospital Kearney | Kearney Regional Medical Center Llc |
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 |