Mayo Clinic Health System - Red Wing
Red Wing, Goodhue County, MN · CCN 240018
Composite
31.9
rank score
Distress
22
FY2023
Fit
55
vs thesis
Estimated ticket
$2.7M–$5.4M
27 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- occupancy 45-60%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $149M |
| Operating margin | 3.1% |
| Total margin | 6.0% |
| Days cash on hand | 0 |
| Current ratio | 2.24 |
| Occupancy | 49% |
Facility
| Beds | 27 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 50 | $111M | $-5.8M | -15.7% | -4.8% | 0 | 1.54 | 23% | 1,467 | 71 |
| 2021 | 50 | $144M | $13.6M | 0.9% | 8.7% | 0 | 1.70 | 23% | 1,391 | 38 |
| 2022 | 27 | $149M | $3.6M | 1.8% | 2.4% | 0 | 1.53 | 43% | 1,293 | 34 |
| 2023 | 27 | $149M | $9.3M | 3.1% | 6.0% | 0 | 2.24 | 49% | 1,329 | 22 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2018-01-01 | Carris Health Llc | Rice Memorial Hospital | Carris Health | 81 |
| 2017-01-01 | Allina Health System | Allina Health System | Mercy Hospital | 464 |