Jennie M. Melham Memorial Med Center
dba Jennie M Melham Memorial Medical Center ·
Broken Bow, Custer County, NE
· CCN 281365
Licensed to Jennie M Melham Memorial Medical Center Inc
Composite
31.2
rank score
Distress
39
FY2023
Fit
34
vs thesis
Estimated ticket
$2.0M–$3.9M
23 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin under 2%
- 30-60 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- 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 | $20.3M |
| Operating margin | 1.6% |
| Total margin | 6.7% |
| Days cash on hand | 53 |
| Current ratio | 3.70 |
| Occupancy | 11% |
Facility
| Beds | 23 |
| 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 | 23 | $16.6M | $2.6M | -0.7% | 13.5% | 112 | 1.60 | 10% | 222 | 29 |
| 2021 | 23 | $19.3M | $5.4M | 6.6% | 22.8% | 155 | 3.03 | 15% | 266 | 9 |
| 2022 | 23 | $18.6M | $-1.5M | 4.1% | -7.8% | 87 | 4.22 | 12% | 188 | 31 |
| 2023 | 23 | $20.3M | $1.4M | 1.6% | 6.7% | 53 | 3.70 | 11% | 204 | 39 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Carla Bazyn | corporate officer | 2016-12 | ||
| Carla Bazyn | w-2 managing employee | 2016-12 | ||
| Carla Bazyn | operational/managerial control | 2016-12 | ||
| Corey Staples | corporate officer | 2023-01 | ||
| Corey Staples | corporate director | 2019-01 | ||
| David Minnick | contracted managing employee | 2023-01 | ||
| David Minnick | operational/managerial control | 2023-01 | ||
| John Smith | corporate officer | 2013-01 | ||
| John Smith | corporate director | 2007-07 | ||
| Joyce Richardson | corporate officer | 2013-01 | ||
| Joyce Richardson | corporate director | 2011-01 | ||
| Kyle Kellum | corporate officer | 2023-08 | ||
| Kyle Kellum | w-2 managing employee | 2023-08 | ||
| Kyle Kellum | operational/managerial control | 2023-08 | ||
| Michael Borders | corporate officer | 2019-01 | ||
| Michael Borders | corporate director | 2016-01 | ||
| Norval Books | corporate director | 2023-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.