United Hospital
Saint Paul, Ramsey County, MN
· CCN 240038
Licensed to Allina Health System
Composite
16.4
rank score
Distress
42
FY2023
Fit
55
vs thesis
Estimated ticket
$201M–$804M
402 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- margin deteriorating
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $840M |
| Operating margin | -10.6% |
| Total margin | -3.9% |
| Days cash on hand | 201 |
| Current ratio | 2.79 |
| Occupancy | 75% |
Facility
| Beds | 402 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 328 | $627M | $2.9M | -10.0% | 0.4% | 0 | 1.29 | 76% | 20,235 | 56 |
| 2021 | 329 | $712M | $19.7M | -3.2% | 2.6% | 0 | -0.32 | 84% | 20,090 | 51 |
| 2022 | 362 | $763M | $-28.9M | -10.0% | -3.6% | 0 | -0.49 | 80% | 19,207 | 70 |
| 2023 | 402 | $840M | $-34.9M | -10.6% | -3.9% | 201 | 2.79 | 75% | 21,401 | 42 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jill Ostrem | corporate officer | 100 | 2022-03 | |
| Amy Ronneberg | corporate director | 2020-12 | ||
| Barbara Williams | corporate director | 2015-06 | ||
| Brian Mcgrane | corporate director | 2024-06 | ||
| Challis Lowe | corporate director | 2022-06 | ||
| Chanda Baker | corporate director | 2024-02 | ||
| Daniel O'laughlin | corporate director | 2022-01 | ||
| David Joos | corporate officer | 2025-10 | ||
| Debbra Schoneman | corporate director | 2013-06 | ||
| Dominica Tallarico | corporate officer | 2024-03 | ||
| James Kolar | corporate director | 2024-09 | ||
| Jennifer Alstad | corporate director | 2016-06 | ||
| John Church | corporate director | 2021-09 | ||
| Laura Gillund | corporate director | 2015-06 | ||
| Lisa Shannon | corporate director | 2022-01 | ||
| Louis King | corporate director | 2017-06 | ||
| Marna Borgstrom | corporate director | 2025-06 | ||
| Maykao Hang | corporate director | 2019-06 | ||
| Melinda Estes | corporate director | 2025-06 | ||
| Patricia Schirmers | w-2 managing employee | 1985-10 | ||
| Roger Newcome | corporate director | 2016-05 | ||
| Roger Newcome | w-2 managing employee | 2016-05 | ||
| Ruth Williams-Brinkley | corporate director | 2023-09 | ||
| Shari Ballard | corporate director | 2020-06 | ||
| Shawn Ulreich | corporate director | 2023-09 |
Showing 25 of 28. Full list via /api/targets/240038.
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 |