Norton Sound Regional Hospital
Nome, Nome Borough County, AK
· CCN 021308
Licensed to Norton Sound Health Corporation
Composite
29.7
rank score
Distress
25
FY2023
Fit
46
vs thesis
Estimated ticket
$1.5M–$3.1M
18 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $154M |
| Operating margin | -37.1% |
| Total margin | 16.6% |
| Days cash on hand | 456 |
| Current ratio | 4.29 |
| Occupancy | 60% |
Facility
| Beds | 18 |
| 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 | 18 | $140M | $33.0M | -14.0% | 15.9% | 395 | 4.66 | 49% | 649 | 30 |
| 2021 | 18 | $140M | $15.0M | -34.3% | 6.8% | 406 | 3.00 | 52% | 690 | 30 |
| 2022 | 18 | $149M | $17.5M | -28.6% | 7.7% | 242 | 2.27 | 61% | 745 | 28 |
| 2023 | 18 | $154M | $46.8M | -37.1% | 16.6% | 456 | 4.29 | 60% | 752 | 25 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Angela Gorn | corporate director | 2005-10 | ||
| Christopher Bolton | corporate officer | 2015-12 | ||
| Christopher Bolton | w-2 managing employee | 2015-02 | ||
| Kelly Bogart | corporate officer | 2018-08 | ||
| Preston Rookok | corporate director | 2018-09 |
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 |