Owatonna Hospital
Owatonna, Steele County, MN
· CCN 240069
Licensed to Allina Health System
Composite
52.2
rank score
Distress
67
FY2023
Fit
55
vs thesis
Estimated ticket
$2.5M–$4.9M
29 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- margin deteriorating sharply
- 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 | $58.2M |
| Operating margin | -6.7% |
| Total margin | 0.3% |
| Days cash on hand | 0 |
| Current ratio | -0.08 |
| Occupancy | 54% |
Facility
| Beds | 29 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 29 | $55.8M | $4.5M | -2.5% | 7.3% | 0 | 2.01 | 51% | 1,767 | 40 |
| 2021 | 29 | $59.6M | $3.7M | 2.0% | 6.0% | 0 | -0.09 | 56% | 1,720 | 44 |
| 2022 | 29 | $57.9M | $-97.2K | -7.7% | -0.2% | 0 | -0.09 | 54% | 1,496 | 68 |
| 2023 | 29 | $58.2M | $178K | -6.7% | 0.3% | 0 | -0.08 | 54% | 1,575 | 67 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| 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 | ||
| 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 | ||
| Joshua Shepherd | corporate officer | 2025-10 | ||
| Laura Gillund | corporate director | 2015-06 | ||
| Lisa Shannon | corporate director | 2022-01 | ||
| Louis King | corporate director | 2017-06 | ||
| Marna Borgstrom | corporate director | 2025-06 | ||
| Matthew Wille | corporate officer | 2026-06 | ||
| Maykao Hang | corporate director | 2019-06 | ||
| Melinda Estes | corporate director | 2025-06 | ||
| Patricia Schirmers | w-2 managing employee | 2003-05 | ||
| 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 29. Full list via /api/targets/240069.
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 |