Memorial Health Care Systems
dba Memorial Hospital ·
Seward, Seward County, NE
· CCN 281339
Licensed to Memorial Health Care Systems
Composite
17.5
rank score
Distress
5
FY2023
Fit
38
vs thesis
Estimated ticket
$2.0M–$4.1M
24 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- occupancy 30-45%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $44.3M |
| Operating margin | 6.5% |
| Total margin | 13.9% |
| Days cash on hand | 170 |
| Current ratio | 6.65 |
| Occupancy | 36% |
Facility
| Beds | 24 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 24 | $35.0M | $4.2M | 4.2% | 11.2% | 317 | 2.27 | 35% | 349 | 6 |
| 2021 | 24 | $37.3M | $11.6M | 1.6% | 24.0% | 175 | 2.63 | 35% | 342 | 12 |
| 2022 | 24 | $42.0M | $2.4M | 4.4% | 5.4% | 149 | 4.82 | 35% | 406 | 10 |
| 2023 | 24 | $44.3M | $6.7M | 6.5% | 13.9% | 170 | 6.65 | 36% | 377 | 5 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bradley Perdue | corporate director | 2023-02 | ||
| Donna Havener | corporate officer | 2022-04 | ||
| Donna Havener | corporate director | 2021-01 | ||
| Gregory Jerger | corporate officer | 2014-06 | ||
| Gregory Jerger | w-2 managing employee | 1992-08 | ||
| Gregory Jerger | operational/managerial control | 1992-08 | ||
| Jill Eberspacher | corporate director | 2021-01 | ||
| Joel Gabriel | w-2 managing employee | 2024-01 | ||
| Joel Gabriel | operational/managerial control | 2024-01 | ||
| Kevin Wingard | corporate director | 2019-01 | ||
| Lana Daws | corporate director | 2018-01 | ||
| Michael Hecker | corporate officer | 2018-01 | ||
| Michael Hecker | corporate director | 2017-01 | ||
| Michael Tomes | corporate officer | 2021-01 | ||
| Michael Tomes | corporate director | 2018-01 | ||
| Roger Reamer | corporate officer | 2014-06 | ||
| Roger Reamer | w-2 managing employee | 2000-06 | ||
| Roger Reamer | operational/managerial control | 2000-06 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.