dealflow
envelope $200M

← Targets

Mayo Clinic Hospital Rochester

Rochester, Olmsted County, MN · CCN 240010
Licensed to Mayo Clinic Hospital-Rochester

Composite
35.3
rank score
Distress
20
FY2023
Fit
61
vs thesis
Estimated ticket
$115M–$231M
1,154 beds · within envelope
Ownership
government
STH

Why it ranks here

  • under 30 days cash on hand
  • part of a multi-hospital chain — divestiture candidate
  • rural — cheaper but limited density
  • very large — likely out of range
  • ticket size uses the capital envelope well
  • strong occupancy — good iteration surface
  • government-owned — public process likely

Latest financials · FY2023

Net patient revenue$3.7B
Operating margin 32.5%
Total margin 33.1%
Days cash on hand 0
Current ratio 4.69
Occupancy76%

Facility

Beds1,154
Facility typeSTH
Settingrural
Ownership classgovernment
Per-bed (low) $100K
Per-bed (high) $200K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 1,111 $2.8B $829M 28.5% 29.0% 0 5.09 66% 49,905 22
2021 1,143 $3.3B $1.1B 31.6% 32.1% 0 5.04 75% 52,451 22
2022 1,157 $3.4B $1.1B 31.8% 32.7% 0 6.12 78% 49,221 22
2023 1,154 $3.7B $1.2B 32.5% 33.1% 0 4.69 76% 48,737 20

Owners

OwnerRole%SinceType
Abimbola Famuyide corporate director 2021-09
Adam Horst corporate officer 2021-01
Adam Horst corporate director 2022-01
Amy Williams corporate officer 2014-01
Amy Williams corporate director 2009-09
Charles Sims corporate director 2025-02
Cheryl Willman corporate director 2021-09
Christina Zorn corporate officer 2021-12
Christina Zorn corporate director 2021-12
Christopher Hasse corporate director 2022-06
Daniel Brown corporate officer 2023-02
Daniel Brown corporate director 2023-02
Dennis Dahlen corporate officer 2018-01
Elie Berbari corporate director 2025-01
Eric Hsi corporate director 2024-01
Gianrico Farrugia corporate officer 2019-01
Gianrico Farrugia corporate director 2019-01
James Watson corporate director 2024-01
Laura Raffals corporate director 2023-03
Lindsey Lehman w-2 managing employee 2025-01
Matthew Abdel corporate director 2024-03
Mayo Clinic
Rochester, MN
operational/managerial control 2007-10 chain
Michael Brown corporate director 2018-07
Natalie Caine corporate officer 2022-10
Natalie Caine corporate director 2022-10

Showing 25 of 32. Full list via /api/targets/240010.

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 MN

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

DateBuyerSellerHospitalBeds
2018-01-01 Carris Health Llc Rice Memorial Hospital Carris Health 81
2017-01-01 Allina Health System Allina Health System Mercy Hospital 464