Providence Medical Center
Wayne, Wayne County, NE
· CCN 281345
Licensed to Providence Medical Center
Composite
30.3
rank score
Distress
37
FY2023
Fit
34
vs thesis
Estimated ticket
$1.8M–$3.6M
21 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- 60-90 days cash on hand
- occupancy below 30%
- margin deteriorating
- 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 | $27.1M |
| Operating margin | -2.1% |
| Total margin | 2.5% |
| Days cash on hand | 81 |
| Current ratio | 3.31 |
| Occupancy | 19% |
Facility
| Beds | 21 |
| 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 | 21 | $21.6M | $1.6M | -9.8% | 6.0% | 281 | 1.64 | 21% | 306 | 31 |
| 2021 | 21 | $24.7M | $7.4M | -1.2% | 22.2% | 168 | 2.83 | 25% | 311 | 24 |
| 2022 | 21 | $23.3M | $-1.3M | -14.4% | -4.9% | 64 | 3.74 | 20% | 303 | 59 |
| 2023 | 21 | $27.1M | $751K | -2.1% | 2.5% | 81 | 3.31 | 19% | 260 | 37 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Providence Medical Center | 5% or greater direct ownership interest | 100 | 2010-03 | |
| Brittany Peters | corporate director | 2016-01 | ||
| Matthew Ley | corporate officer | 2016-01 | ||
| Nicole Haglund | corporate director | 2025-03 | ||
| Nicole Haglund | w-2 managing employee | 2025-03 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.