dealflow
envelope $200M

← Targets

St. Marys Health

dba St. Mary's Health · Cottonwood, Lewis County, ID · CCN 131321
Licensed to St Marys Hospital Inc

Composite
24.5
rank score
Distress
18
FY2023
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds · within envelope
Ownership
nonprofit
CAH

Why it ranks here

  • operating margin under 2%
  • 90-150 days cash on hand
  • occupancy below 30%
  • 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 · FY2023

Net patient revenue$25.2M
Operating margin 0.9%
Total margin 8.3%
Days cash on hand 91
Current ratio 3.58
Occupancy10%

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
2020 25 $7.4M $-1.4M -57.1% -13.0% 407 1.22 16% 156 57
2021 25 $23.9M $3.4M 1.3% 12.5% 160 1.64 19% 378 16
2022 25 $24.0M $-1.4M -5.4% -5.9% 72 1.84 13% 321 53
2023 25 $25.2M $2.3M 0.9% 8.3% 91 3.58 10% 264 18

Owners

OwnerRole%SinceType
Kootenai Health, Inc.
Coeur D Alene, ID
5% or greater direct ownership interest 100 2020-04
Barbara Jean Glodowski corporate director 2020-04
Christina Ulmer corporate director 2020-04
Clarence Brunson corporate director 2020-04
Cynthia O'brien corporate director 2020-04
Jeremy Evans corporate director 2020-04
Jon Ness other 2020-04
Kelly Mcgrath corporate director 2020-04
Kimberly Ingram corporate director 2020-04
Lenne Bonner corporate officer 2006-09
Lenne Bonner w-2 managing employee 2006-09
Leonard Hill corporate director 2020-04
Lisa Maurer corporate director 2020-04
Matt Sartini corporate director 2020-04
Rene Forsman corporate director 2020-04

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 ID

Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.

DateBuyerSellerHospitalBeds
2021-08-01 Caribou Medical Center, Inc Caribou Memorial Hospital Caribou Memorial Hospital 25