Memorial Community Health Inc.
dba Memorial Hospital ·
Aurora, Hamilton County, NE
· CCN 281320
Licensed to Memorial Community Health Inc
Composite
36.1
rank score
Distress
50
FY2023
Fit
34
vs thesis
Estimated ticket
$1.0M–$2.0M
14 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- 90-150 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $25.6M |
| Operating margin | -13.1% |
| Total margin | 1.1% |
| Days cash on hand | 141 |
| Current ratio | 5.98 |
| Occupancy | 28% |
Facility
| Beds | 14 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 14 | $22.5M | $4.6M | -13.1% | 15.3% | 283 | 3.84 | 33% | 201 | 33 |
| 2021 | 14 | $23.7M | $4.4M | -13.8% | 14.0% | 212 | 3.70 | 32% | 177 | 33 |
| 2022 | 14 | $24.9M | $-1.3M | -15.9% | -4.6% | 129 | 4.45 | 29% | 173 | 53 |
| 2023 | 14 | $25.6M | $333K | -13.1% | 1.1% | 141 | 5.98 | 28% | 131 | 50 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Justin Wolf | w-2 managing employee | 100 | 2022-06 | |
| Bradley Bish | corporate director | 2010-07 | ||
| Chad Garrett | corporate director | 2020-03 | ||
| Cody Hoegh | corporate director | 2020-05 | ||
| Deborah Nelson | corporate director | 2024-01 | ||
| Dennis Ferguson | corporate director | 2008-01 | ||
| Harlan Schafer | corporate director | 2018-05 | ||
| Jason Schneider | corporate director | 2008-01 | ||
| Jayne Smith | corporate director | 2004-10 | ||
| Jennie Akerlund-Kuehner | corporate director | 2012-09 | ||
| Justin Wolf | corporate officer | 2022-06 | ||
| Kenneth Spray | corporate director | 2018-04 | ||
| Mark Klute | corporate director | 2014-04 | ||
| Michael Mcquiston | corporate director | 2024-03 | ||
| Pamela Riley | corporate director | 2019-04 | ||
| Phil Fendt | corporate officer | 2002-07 | ||
| Phil Fendt | w-2 managing employee | 1992-07 | ||
| Roger Scott | corporate director | 2009-05 | ||
| Wayne Hahn | corporate director | 2014-09 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.