Sidney Regional Medical Center
Sidney, Cheyenne County, NE
· CCN 281357
Licensed to Cheyenne County Hospital Association Inc
Composite
25.3
rank score
Distress
26
FY2023
Fit
34
vs thesis
Estimated ticket
$1.6M–$3.2M
19 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- 90-150 days cash on hand
- occupancy below 30%
- 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 | $67.6M |
| Operating margin | -4.5% |
| Total margin | 11.3% |
| Days cash on hand | 107 |
| Current ratio | 4.25 |
| Occupancy | 26% |
Facility
| Beds | 19 |
| 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 | 19 | $54.9M | $1.9M | -12.6% | 3.0% | 130 | 2.25 | 28% | 402 | 41 |
| 2021 | 19 | $68.8M | $12.9M | 6.3% | 16.6% | 128 | 2.29 | 32% | 412 | 10 |
| 2022 | 19 | $68.3M | $1.2M | 1.2% | 1.6% | 86 | 3.48 | 30% | 478 | 26 |
| 2023 | 19 | $67.6M | $9.0M | -4.5% | 11.3% | 107 | 4.25 | 26% | 481 | 26 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Clement Schumacher | corporate director | 2020-01 | ||
| Jason Petik | contracted managing employee | 2011-06 | ||
| Jason Petik | corporate officer | 2015-11 | ||
| Jason Petik | operational/managerial control | 2011-06 | ||
| Jeffrey Ellwanger | corporate officer | 2011-01 | ||
| Jeffrey Ellwanger | corporate director | 2003-10 | ||
| Jeffrey Heller | corporate director | 2020-01 | ||
| Kathryn Narjes | corporate officer | 2017-01 | ||
| Kathryn Narjes | corporate director | 2012-07 | ||
| Kelly Utley | corporate officer | 2015-11 | ||
| Kelly Utley | w-2 managing employee | 2006-05 | ||
| Kelly Utley | operational/managerial control | 2006-05 | ||
| Nanci Mccaslin | corporate director | 2018-01 | ||
| Rebecca Allard | corporate director | 2017-01 | ||
| Sara Sholar | corporate director | 2022-01 | ||
| Sara Sholar | w-2 managing employee | 2022-01 | ||
| Sara Sholar | operational/managerial control | 2022-01 | ||
| Stanley Belieu | corporate director | 2007-01 | ||
| Timothy Miller | corporate officer | 2011-01 | ||
| Timothy Miller | corporate director | 2009-01 | ||
| William Pile | corporate officer | 2011-01 | ||
| William Pile | corporate director | 2006-01 | ||
| William Robinson | corporate director | 1991-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.