dealflow
envelope $200M

← Targets

Regions Hospital

St Paul, Ramsey County, MN · CCN 240106
Licensed to Regions Hospital

Composite
13.1
rank score
Distress
24
FY2023
Fit
55
vs thesis
Estimated ticket
$214M–$858M
429 beds · over envelope
Ownership
nonprofit
STH

Why it ranks here

  • operating margin -10% to -5%
  • 90-150 days cash on hand
  • 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$942M
Operating margin -5.5%
Total margin 7.5%
Days cash on hand 119
Current ratio 3.79
Occupancy91%

Facility

Beds429
Facility typeSTH
Settingurban
Ownership classnonprofit
Per-bed (low) $500K
Per-bed (high) $2.0M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 406 $737M $52.8M -7.3% 6.2% 170 2.15 84% 24,689 22
2021 424 $842M $62.7M -2.8% 6.8% 152 2.69 91% 28,696 16
2022 423 $863M $-16.6M -7.6% -1.8% 125 3.27 94% 28,231 34
2023 429 $942M $80.8M -5.5% 7.5% 119 3.79 91% 26,852 24

Owners

OwnerRole%SinceType
Hpi Ramsey
Saint Paul, MN
operational/managerial control 100 2007-11
Hpi Ramsey
Saint Paul, MN
other 100 2007-11
Acooa Ellis corporate director 2019-05
Alita Risinger corporate officer 2023-05
Andrea Walsh corporate officer 2017-06
Andrea Walsh corporate director 2017-06
Angie Dillow corporate director 2015-06
Armando Camacho corporate director 2019-01
Bret Haake corporate officer 2022-02
Jennifer Hines corporate officer 2017-01
Jennifer Hines corporate director 2017-01
Jerome Siy corporate officer 2015-04
Jerome Siy corporate director 2015-04
John Clark corporate officer 2022-03
John Clark w-2 managing employee 2021-09
Lance Whitacre corporate director 2019-01
Linda Hanson corporate director 2022-01
Mark Sannes corporate director 2022-01
Megan Remark contracted managing employee 2015-01
Megan Remark corporate director 2015-01
Penny Cermak corporate director 2021-01
Sangeeta Jain corporate director 2023-01
Satasha Green corporate director 2023-01
Sheetal Kaul corporate officer 2022-02
Tracy Wry w-2 managing employee 2023-05

Showing 25 of 26. Full list via /api/targets/240106.

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.

DateBuyerSellerHospitalBeds
2018-01-01 Carris Health Llc Rice Memorial Hospital Carris Health 81
2017-01-01 Allina Health System Allina Health System Mercy Hospital 464