University Of Minnesota Medical Ctr
dba Fairview Hospital University ·
Minneapolis, Hennepin County, MN
· CCN 240080
Licensed to Fairview Health Services
Composite
16.0
rank score
Distress
40
FY2023
Fit
55
vs thesis
Estimated ticket
$324M–$1.3B
647 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin under 2%
- under 30 days cash on hand
- current ratio under 1.5
- 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 | $2.1B |
| Operating margin | -2.0% |
| Total margin | 0.8% |
| Days cash on hand | 23 |
| Current ratio | 1.42 |
| Occupancy | 82% |
Facility
| Beds | 647 |
| 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 | 609 | $1.5B | $-28.1M | -17.3% | -1.8% | 31 | 1.71 | 74% | 24,262 | 52 |
| 2021 | 622 | $1.7B | $26.8M | -15.5% | 1.5% | 36 | 1.33 | 80% | 25,246 | 51 |
| 2022 | 634 | $1.8B | $-99.6M | -18.1% | -5.3% | 17 | 1.71 | 81% | 25,466 | 62 |
| 2023 | 647 | $2.1B | $16.6M | -2.0% | 0.8% | 23 | 1.42 | 82% | 26,702 | 40 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Barclay Berdan | corporate director | 2022-01 | ||
| David Levy | corporate director | 2023-01 | ||
| James Hereford | corporate director | 2016-12 | ||
| Jodi Richard | corporate director | 2019-01 | ||
| Joe Gaylord | corporate officer | 2022-12 | ||
| Joe Gaylord | operational/managerial control | 2022-12 | ||
| John Heinmiller | corporate director | 2001-07 | ||
| Julie Causey | corporate director | 2017-06 | ||
| Karen Richard | corporate director | 2025-01 | ||
| Kenneth Roering | corporate director | 2017-02 | ||
| Maureen Ring | corporate director | 2022-12 | ||
| Maureen Ring | w-2 managing employee | 2022-12 | ||
| Melissa Geller | corporate director | 2022-01 | ||
| Michael Connly | corporate director | 2023-01 | ||
| Paul Hill | corporate director | 2022-01 | ||
| Shawntera Hardy | corporate director | 2023-01 | ||
| Srijoy Mahapatra | corporate director | 2024-10 | ||
| Stephen Swensen | corporate director | 2023-01 | ||
| Tami Reller | corporate director | 2024-05 | ||
| Timothy Marx | corporate director | 2017-06 |
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 |