Franklin County Memorial Hospital
Franklin, Franklin County, NE
· CCN 281311
Licensed to Franklin County Memorial Hospital
Composite
36.7
rank score
Distress
54
FY2024
Fit
31
vs thesis
Estimated ticket
$1.0M–$2.0M
14 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- 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 | $5.4M |
| Operating margin | -16.2% |
| Total margin | -7.3% |
| Days cash on hand | 217 |
| Current ratio | 5.11 |
| Occupancy | 1% |
Facility
| Beds | 14 |
| 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 | 14 | $5.7M | $867K | -9.8% | 12.1% | 277 | 1.89 | 4% | 17 | 31 |
| 2022 | 14 | $6.0M | $1.3M | -5.3% | 17.6% | 270 | 5.57 | 2% | 18 | 31 |
| 2023 | 14 | $6.1M | $393K | -7.7% | 5.6% | 223 | 5.15 | 3% | 17 | 31 |
| 2024 | 14 | $5.4M | $-429K | -16.2% | -7.3% | 217 | 5.11 | 1% | 11 | 54 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bryon Detlefsen | corporate director | 2019-07 | ||
| Jeffrey Loschen | corporate officer | 2006-07 | ||
| Jeffrey Loschen | corporate director | 2002-07 | ||
| Jerry Fouts | corporate officer | 2017-07 | ||
| Jerry Fouts | corporate director | 2012-07 | ||
| Mary Minnick | corporate director | 2023-06 | ||
| Michael Yelken | corporate director | 2023-06 | ||
| Scott Wewel | w-2 managing employee | 2023-02 | ||
| Scott Wewel | operational/managerial control | 2023-02 | ||
| Theresa Rizzo | corporate officer | 2015-09 | ||
| Theresa Rizzo | w-2 managing employee | 2015-09 | ||
| Theresa Rizzo | operational/managerial control | 2015-09 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.