Hutchinson Health Care
dba Hutchinson Health Hospital ·
Hutchinson, Mc Leod County, MN
· CCN 240187
Licensed to Hutchinson Health
Composite
36.4
rank score
Distress
32
FY2023
Fit
55
vs thesis
Estimated ticket
$3.7M–$7.4M
37 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- 90-150 days cash on hand
- occupancy 45-60%
- margin deteriorating
- 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 | $90.9M |
| Operating margin | -9.3% |
| Total margin | 6.8% |
| Days cash on hand | 129 |
| Current ratio | 2.87 |
| Occupancy | 52% |
Facility
| Beds | 37 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 37 | $73.6M | $7.7M | -6.9% | 8.9% | 236 | 2.28 | 44% | 1,674 | 28 |
| 2021 | 37 | $87.8M | $11.3M | 3.9% | 11.8% | 193 | 2.98 | 51% | 1,531 | 2 |
| 2022 | 37 | $89.5M | $1.3M | -1.7% | 1.4% | 125 | 3.20 | 48% | 1,505 | 26 |
| 2023 | 37 | $90.9M | $7.2M | -9.3% | 6.8% | 129 | 2.87 | 52% | 1,570 | 32 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alita Risinger | corporate officer | 2024-07 | ||
| Anthony Richard Hanson | corporate officer | 2025-03 | ||
| Catherine Klugherz | corporate director | 2018-11 | ||
| Christina Moses | corporate director | 2021-01 | ||
| Daniel Mahon | corporate director | 2019-01 | ||
| Douglas Hanneman | corporate director | 2023-06 | ||
| Eric Lipke | corporate director | 2023-01 | ||
| Eric Zilge | corporate director | 2023-04 | ||
| Jennifer Telecky | corporate director | 2025-11 | ||
| Joshua Knudtson | corporate director | 2025-01 | ||
| Lisa Bjorkman | w-2 managing employee | 2015-07 | ||
| Mark Sannes | corporate director | 2018-04 | ||
| Nicole Vandenberg | corporate director | 2022-01 | ||
| Park Nicollet Health Services | operational/managerial control | 2018-04 | ||
| Randell Stuckey | corporate director | 2026-01 |
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 |