Syracuse Area Health
Syracuse, Otoe County, NE
· CCN 281309
Licensed to Community Memorial Hospital District
Composite
36.7
rank score
Distress
54
FY2024
Fit
31
vs thesis
Estimated ticket
$722K–$1.4M
10 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- 60-90 days cash on hand
- 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 | $30.9M |
| Operating margin | -8.4% |
| Total margin | -1.8% |
| Days cash on hand | 64 |
| Current ratio | 1.82 |
| Occupancy | 22% |
Facility
| Beds | 10 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $72.2K |
| Per-bed (high) | $144K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 10 | $24.1M | $4.0M | -3.2% | 13.9% | 209 | 2.35 | 13% | 122 | 24 |
| 2022 | 10 | $23.8M | $-573K | -11.6% | -2.2% | 105 | 2.59 | 17% | 107 | 49 |
| 2023 | 10 | $26.6M | $-337K | -8.1% | -1.2% | 56 | 1.98 | 17% | 163 | 56 |
| 2024 | 10 | $30.9M | $-592K | -8.4% | -1.8% | 64 | 1.82 | 22% | 157 | 54 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Community Memorial Hospital District | operational/managerial control | 2019-08 | ||
| Douglas Magill | corporate officer | 2016-07 | ||
| Douglas Magill | corporate director | 2014-06 | ||
| Fred Bredehoeft | corporate officer | 2014-06 | ||
| Fred Bredehoeft | corporate director | 2012-06 | ||
| Irene Wilhelm | corporate director | 2024-06 | ||
| Janell Moore | corporate director | 2018-07 | ||
| Lisa Cast | w-2 managing employee | 2025-05 | ||
| Lisa Cast | operational/managerial control | 2025-05 | ||
| Lisa Voorhees | w-2 managing employee | 2000-04 | ||
| Lisa Voorhees | operational/managerial control | 2000-04 | ||
| William Wittler | corporate director | 2016-06 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.