Phelps Memorial Health Center
Holdrege, Phelps County, NE
· CCN 281362
Licensed to Phelps Memorial Health Center
Composite
31.2
rank score
Distress
33
FY2023
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 30-60 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- 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 | $79.0M |
| Operating margin | 2.2% |
| Total margin | 17.4% |
| Days cash on hand | 53 |
| Current ratio | 3.23 |
| Occupancy | 29% |
Facility
| Beds | 25 |
| 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 | 25 | $53.9M | $17.4M | 5.1% | 24.9% | 315 | 2.54 | 34% | 734 | 6 |
| 2021 | 25 | $60.8M | $19.6M | 6.4% | 25.4% | 171 | 2.16 | 36% | 687 | 6 |
| 2022 | 25 | $69.0M | $-12.1M | 8.2% | -22.8% | 62 | 1.72 | 32% | 613 | 32 |
| 2023 | 25 | $79.0M | $16.5M | 2.2% | 17.4% | 53 | 3.23 | 29% | 622 | 33 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Donald Kraus | corporate director | 2023-04 | ||
| Douglas Hohman | corporate director | 2023-04 | ||
| Heather Mcquillan | corporate director | 2023-04 | ||
| Howard Kness | corporate officer | 2022-04 | ||
| Howard Kness | corporate director | 2020-04 | ||
| Jeffrey Berney | corporate director | 2023-01 | ||
| Jeffrey Berney | operational/managerial control | 2023-01 | ||
| Kyle Anderson | corporate officer | 2023-10 | ||
| Kyle Anderson | corporate director | 2022-04 | ||
| Lance Thorell | corporate director | 2023-11 | ||
| Linda Heiden | corporate officer | 2023-10 | ||
| Linda Heiden | corporate director | 2022-04 | ||
| Loren Schroder | corporate officer | 2018-08 | ||
| Loren Schroder | w-2 managing employee | 2018-08 | ||
| Loren Schroder | operational/managerial control | 2001-12 | ||
| Mark Harrel | corporate officer | 2018-08 | ||
| Mark Harrel | w-2 managing employee | 2018-08 | ||
| Mark Harrel | operational/managerial control | 2007-07 | ||
| Mark Kraus | corporate director | 2020-06 | ||
| Michael Pelster | corporate officer | 2019-05 | ||
| Michael Pelster | corporate director | 2017-04 | ||
| Stephanie Dannehl | corporate director | 2021-04 | ||
| William Sandy | corporate director | 2024-04 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.