Petersburg Medical Center
Petersburg, Wrangell-Petersburg County, AK
· CCN 021304
Licensed to The Petersburg Medical Center
Composite
32.6
rank score
Distress
45
FY2024
Fit
31
vs thesis
Estimated ticket
$1.0M–$2.0M
12 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- under 30 days cash on hand
- current ratio under 1.5
- 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
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $22.2M |
| Operating margin | -0.6% |
| Total margin | 33.0% |
| Days cash on hand | 24 |
| Current ratio | 1.41 |
| Occupancy | 18% |
Facility
| Beds | 12 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 12 | $15.6M | $3.4M | -40.1% | 13.6% | 121 | 1.90 | 25% | 93 | 46 |
| 2022 | 12 | $17.3M | $-3.7M | -39.0% | -18.4% | 68 | 1.32 | 20% | 113 | 74 |
| 2023 | 12 | $19.5M | $2.2M | -10.7% | 9.3% | 8 | 1.34 | 20% | 105 | 70 |
| 2024 | 12 | $22.2M | $11.0M | -0.6% | 33.0% | 24 | 1.41 | 18% | 125 | 45 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Philip Hofstetter | operational/managerial control | 100 | 2018-06 | |
| Carmen Lantiegne | operational/managerial control | 5 | 2019-10 | |
| Jennifer Bryner | corporate officer | 2015-06 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in AK
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2018-11-01 | Southeast Alaska Regional Health Consortium | Wrangell Medical Center | Wrangell Medical Center | 8 |