Kearney County Health Services
Minden, Kearney County, NE
· CCN 281306
Licensed to Kearney Co Health Services
Composite
31.8
rank score
Distress
43
FY2024
Fit
31
vs thesis
Estimated ticket
$850K–$1.7M
10 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $16.0M |
| Operating margin | -10.9% |
| Total margin | 5.7% |
| Days cash on hand | 373 |
| Current ratio | 15.00 |
| Occupancy | 29% |
Facility
| Beds | 10 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 10 | $12.7M | $4.4M | -2.8% | 25.0% | 347 | 4.14 | 29% | 58 | 24 |
| 2022 | 10 | $14.9M | $2.5M | 2.0% | 14.4% | 369 | 10.97 | 32% | 102 | 12 |
| 2023 | 10 | $15.3M | $2.1M | -4.5% | 11.4% | 367 | 10.62 | 31% | 81 | 21 |
| 2024 | 10 | $16.0M | $1.1M | -10.9% | 5.7% | 373 | 15.00 | 29% | 90 | 43 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Aaron Dahlgren | corporate officer | 2023-01 | ||
| Aaron Dahlgren | corporate director | 2022-04 | ||
| Andrew Grollmes | corporate director | 2025-01 | ||
| Douglas Althouse | w-2 managing employee | 2015-01 | ||
| Douglas Althouse | operational/managerial control | 2015-01 | ||
| Gavin Blum | corporate officer | 2019-12 | ||
| Gavin Blum | w-2 managing employee | 2019-12 | ||
| Gavin Blum | operational/managerial control | 2019-12 | ||
| Jeffrey Hanson | corporate director | 2012-01 | ||
| Luke Poore | corporate officer | 2016-04 | ||
| Luke Poore | w-2 managing employee | 2016-04 | ||
| Luke Poore | operational/managerial control | 2016-04 | ||
| Samuel Stadler | corporate director | 2018-02 | ||
| Stephen Olson | corporate officer | 2022-01 | ||
| Stephen Olson | corporate director | 2017-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.