Grand Island Regional Medical Center
Grand Island, Hall County, NE
· CCN 280139
Licensed to Grand Island Regional Medical Center
Composite
58.8
rank score
Distress
82
FY2023
Fit
50
vs thesis
Estimated ticket
$4.2M–$8.4M
60 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 30-60 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- 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 | $63.0M |
| Operating margin | -36.5% |
| Total margin | -21.2% |
| Days cash on hand | 41 |
| Current ratio | 0.74 |
| Occupancy | 36% |
Facility
| Beds | 60 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 52 | $4.7M | $-16.0M | -343.5% | -328.3% | 204 | 1.68 | 9% | 230 | 64 |
| 2021 | 60 | $40.6M | $-17.0M | -42.3% | -41.6% | 81 | 1.21 | 33% | 1,906 | 74 |
| 2022 | 60 | $52.9M | $-20.6M | -41.3% | -38.0% | 63 | 0.67 | 38% | 1,817 | 84 |
| 2023 | 60 | $63.0M | $-15.1M | -36.5% | -21.2% | 41 | 0.74 | 36% | 1,298 | 82 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andrew Waterman | corporate officer | 2023-12 | ||
| Andrew Waterman | w-2 managing employee | 2018-01 | ||
| Andrew Waterman | operational/managerial control | 2018-01 | ||
| Bryan Health | operational/managerial control | 2017-12 | chain | |
| Cindy Johnson | corporate officer | 2023-01 | ||
| Cindy Johnson | corporate director | 2021-02 | ||
| Gregory Sextro | corporate director | 2024-01 | ||
| John Woodrich | corporate director | 2019-02 | ||
| Krista Stoecker | corporate director | 2024-01 | ||
| Molly Johnson | corporate director | 2019-02 | ||
| Russell Gronewold | corporate director | 2019-02 | ||
| Ryan Crouch | corporate officer | 2023-01 | ||
| Ryan Crouch | corporate director | 2019-02 | ||
| Teresa Grabowski | corporate director | 2023-01 | ||
| Thomas Werner | corporate director | 2019-02 | ||
| Tracy Schmitt | w-2 managing employee | 2024-11 | ||
| Tracy Schmitt | operational/managerial control | 2024-11 |
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 |