Mercy Hospital
Coon Rapids, Anoka County, MN
· CCN 240115
Licensed to Allina Health System
Composite
56.1
rank score
Distress
73
FY2023
Fit
58
vs thesis
Estimated ticket
$162M–$650M
464 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very large — likely out of range
- ticket size well above the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $811M |
| Operating margin | -8.4% |
| Total margin | -4.3% |
| Days cash on hand | 0 |
| Current ratio | -0.26 |
| Occupancy | 75% |
Facility
| Beds | 464 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 456 | $718M | $21.4M | -5.3% | 2.7% | 0 | 1.35 | 72% | 27,639 | 48 |
| 2021 | 461 | $786M | $23.7M | -0.3% | 2.9% | 0 | -0.22 | 77% | 28,065 | 51 |
| 2022 | 464 | $783M | $-25.7M | -7.3% | -3.2% | 0 | -0.24 | 75% | 25,616 | 70 |
| 2023 | 464 | $811M | $-36.0M | -8.4% | -4.3% | 0 | -0.26 | 75% | 27,642 | 73 |
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 | ||
| 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 | ||
| Kelly Spratt | corporate officer | 2025-12 | ||
| 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 | corporate director | 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 28. Full list via /api/targets/240115.
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2017-01-01 | acquisition/merger | Allina Health System | Allina Health System |
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 |