Antelope Memorial Hospital
Neligh, Antelope County, NE
· CCN 281326
Licensed to Antelope Memorial Hospital
Composite
28.0
rank score
Distress
32
FY2024
Fit
34
vs thesis
Estimated ticket
$1.4M–$2.7M
16 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- 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 · FY2024
| Net patient revenue | $20.1M |
| Operating margin | -3.0% |
| Total margin | 3.0% |
| Days cash on hand | 237 |
| Current ratio | 6.54 |
| Occupancy | 17% |
Facility
| Beds | 16 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 | 23 | $15.3M | $4.6M | -8.0% | 21.6% | 328 | 2.04 | 16% | 150 | 31 |
| 2022 | 23 | $19.2M | $1.8M | 2.5% | 8.9% | 274 | 2.78 | 17% | 187 | 9 |
| 2023 | 17 | $19.3M | $1.9M | -1.5% | 8.7% | 216 | 5.59 | 19% | 141 | 24 |
| 2024 | 16 | $20.1M | $641K | -3.0% | 3.0% | 237 | 6.54 | 17% | 135 | 32 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Christopher Twibell | corporate director | 2009-05 | ||
| David Sullivan | corporate director | 1999-06 | ||
| Diane Brugger | corporate officer | 2019-03 | ||
| Diane Brugger | w-2 managing employee | 2019-03 | ||
| Diane Brugger | operational/managerial control | 2019-03 | ||
| Gordon Shrader | corporate director | 2009-05 | ||
| James Meuret | corporate officer | 2020-07 | ||
| James Meuret | corporate director | 1995-08 | ||
| John Mlnarik | corporate officer | 2009-11 | ||
| John Mlnarik | corporate director | 1985-02 | ||
| Jon Schilling | corporate director | 2015-11 | ||
| Kelli Osborn | w-2 managing employee | 2020-06 | ||
| Kelli Osborn | operational/managerial control | 2020-06 | ||
| Maury Soper | corporate director | 2021-03 | ||
| Russell Vetick | corporate director | 2018-07 | ||
| Samantha Stoltz | corporate director | 2015-07 | ||
| Thomas Zwingman | corporate director | 2018-11 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.