CARE INITIATIVES HOSPICE - CEDAR RAPIDS

CEDAR RAPIDS, IACCN: 161597

YELLOW

Overall

58.3

Quality

33.3

Compliance

70.0

Operational

70.0

Market

60.0

Contact Information

Address

3720 QUEEN COURT SW, SUITE 9

CEDAR RAPIDS, IA 52404

Phone

(319) 390-4161

Website

No website on file

Administrator

LINSEY PRUESS, ADMINISTRATOR

Financial & Registry Data

Cost Report (2024)

Revenue$2.0M

Expenses$1.9M

Net Income$0.09M

Cost/Day$223

Provider Details

CountyLinn

Ownership TypeOther

ADC34

ADC Fittarget

Service Area (ZIPs)46

Market TypeUrban

CertifiedSep 20, 2009

County Demographics

65+ Population41,117

% 65+17.9%

Median Income$75,457

Ownership Profile

Complexityunknown

Owner Count—

PE/Investment BackedNo

Chain AffiliatedNo

Recent Ownership ChangeNo

Classification Reasons

Positive: ADC (34) within target range

Positive: Low compliance risk (score: 70)

Concern: Quality needs review (score: 33)

Outreach Status

Readiness

Monitor - Complete diligence first

Deal Type

Possible platform or large tuck-in

Sell-Side Hypothesis

Standard owner exit motivations: retirement, capital needs, or strategic realignment

Rating Sensitivity

Upgrade Triggers

Quality improvement above 70 threshold; CON state expansion opportunity

Downgrade Triggers

Compliance score drop below 40; CMS enforcement action

Owner Carry-Back Analysis

95/100

HIGH

Independent Ownership+30

Not backed by private equity - more likely to consider creative financing

Standalone Operation+20

Not part of larger chain - owner has full decision authority

Single Owner+20

Sole owner can make quick decisions on seller financing

Ideal Size+15

ADC 20-60 is perfect for owner carry-back - established but manageable

Stable Ownership+10

Long-term owner more likely to have emotional investment and consider flexible terms

Prime Owner Carry-Back Candidate

This provider shows strong indicators for owner financing. Single/simple ownership structure, no PE involvement, and ideal operational size suggest the owner may be receptive to a seller note arrangement. Consider approaching with a 10-20% carry-back proposal.

View All Owner Carry-Back Opportunities

Data Quality & Completeness

Completeness Score

85%

Data Quality

HIGH

Confidence

High (0.88)

Missing Fields

quality_stars

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Data Source: CMS Provider Data Catalog Nov 2025, PECOS Q1 2026 • Analysis Date: Jan 26, 2026