dealflow
envelope $200M

← Targets

Community Hospital Assocociation

dba Community Hospital · Mccook, Red Willow County, NE · CCN 281363
Licensed to Community Hospital Association

Composite
36.7
rank score
Distress
45
FY2024
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds · within envelope
Ownership
nonprofit
CAH

Why it ranks here

  • operating margin -10% to -5%
  • total margin under 2%
  • 90-150 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 · FY2024

Net patient revenue$62.7M
Operating margin -5.2%
Total margin 0.3%
Days cash on hand 107
Current ratio 6.49
Occupancy19%

Facility

Beds25
Facility typeCAH
Settingrural
Ownership classnonprofit
Per-bed (low) $85.0K
Per-bed (high) $170K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 25 $51.0M $6.6M -4.6% 11.1% 190 2.43 31% 699 21
2022 25 $56.8M $3.2M 2.4% 5.4% 189 3.35 33% 739 6
2023 25 $56.0M $41.6K -7.4% 0.1% 117 6.04 20% 522 39
2024 25 $62.7M $187K -5.2% 0.3% 107 6.49 19% 620 45

Owners

OwnerRole%SinceType
Ashley Vontz corporate director 2022-12
Darren Esch corporate officer 2021-12
Darren Esch corporate director 2020-12
Grant Norgaard corporate director 2023-12
Jana Kmoch corporate director 2018-12
Karen Craw corporate director 2023-12
Karen Kliment Thompson corporate officer 2011-06
Karen Kliment Thompson w-2 managing employee 2006-02
Karen Kliment Thompson operational/managerial control 2006-02
Kurt Vosburg corporate officer 2023-12
Kurt Vosburg corporate director 2021-12
Lori Beeby corporate officer 2016-12
Lori Beeby w-2 managing employee 2016-12
Lori Beeby operational/managerial control 2016-12
Lorinda Reece contracted managing employee 2022-07
Lorinda Reece operational/managerial control 2022-07
Matthew Davidson corporate director 2022-12
Matthew Nielsen corporate officer 2022-12
Matthew Nielsen corporate director 2021-12
Michael Lord corporate officer 2023-12
Michael Lord corporate director 2022-05
Molly Herzberg corporate officer 2019-03
Molly Herzberg w-2 managing employee 2019-03
Molly Herzberg operational/managerial control 2019-03
Sean Wolfe corporate officer 2016-11

Showing 25 of 30. Full list via /api/targets/281363.

Ownership changes

No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.