Crete Area Medical Center
Crete, Saline County, NE
· CCN 281354
Licensed to Crete Area Medical Center
Composite
25.4
rank score
Distress
22
FY2023
Fit
34
vs thesis
Estimated ticket
$1.3M–$2.5M
15 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- occupancy below 30%
- part of a multi-hospital chain — divestiture candidate
- 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 | $30.2M |
| Operating margin | -3.4% |
| Total margin | 12.7% |
| Days cash on hand | 154 |
| Current ratio | 4.64 |
| Occupancy | 11% |
Facility
| Beds | 15 |
| 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 | $22.5M | $2.0M | -9.1% | 7.4% | 71 | 4.04 | 7% | 173 | 41 |
| 2021 | 24 | $26.9M | $4.4M | -1.7% | 13.9% | 149 | 3.95 | 7% | 217 | 29 |
| 2022 | 15 | $28.8M | $3.0M | -4.8% | 9.2% | 133 | 4.47 | 7% | 184 | 29 |
| 2023 | 15 | $30.2M | $4.5M | -3.4% | 12.7% | 154 | 4.64 | 11% | 221 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bryan Health | operational/managerial control | 2002-02 | chain | |
| David Newmyer | corporate director | 2024-01 | ||
| Eric Post | corporate officer | 2024-01 | ||
| Eric Post | corporate director | 2023-01 | ||
| Guadalupe Avelar | corporate officer | 2023-01 | ||
| Guadalupe Avelar | corporate director | 2020-01 | ||
| Jason Hesser | corporate director | 2023-01 | ||
| Jason Hesser | w-2 managing employee | 2023-01 | ||
| Jason Hesser | operational/managerial control | 2023-01 | ||
| Julie Lacy | corporate officer | 2024-07 | ||
| Julie Lacy | corporate director | 2024-07 | ||
| Julie Lacy | w-2 managing employee | 2024-07 | ||
| Julie Lacy | operational/managerial control | 2024-07 | ||
| Maria Isquierdo | corporate director | 2022-01 | ||
| Michael Kozisek | corporate officer | 2024-01 | ||
| Michael Kozisek | corporate director | 2023-01 | ||
| Patrick Ganyo | corporate director | 2024-07 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.