Lake Region Healthcare
Fergus Falls, Otter Tail County, MN · CCN 240052
Composite
51.7
rank score
Distress
74
FY2023
Fit
46
vs thesis
Estimated ticket
$5.6M–$11.2M
80 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- 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 | $140M |
| Operating margin | -16.0% |
| Total margin | -5.1% |
| Days cash on hand | 1 |
| Current ratio | 1.86 |
| Occupancy | 18% |
Facility
| Beds | 80 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 80 | $120M | $14.4M | -9.6% | 9.8% | 83 | 2.56 | 17% | 1,481 | 41 |
| 2021 | 80 | $136M | $12.3M | -5.9% | 7.9% | 69 | 2.26 | 19% | 1,610 | 41 |
| 2022 | 80 | $134M | $4.2M | -11.4% | 2.7% | 10 | 1.80 | 19% | 1,518 | 59 |
| 2023 | 80 | $140M | $-7.9M | -16.0% | -5.1% | 1 | 1.86 | 18% | 1,452 | 74 |
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 |