Healtheast St Johns Hospital
Maplewood, Hennepin County, MN
· CCN 240210
Licensed to Healtheast St John's Hospital
Composite
58.2
rank score
Distress
60
FY2023
Fit
78
vs thesis
Estimated ticket
$78.2M–$313M
184 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- debt above 85% of assets
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $435M |
| Operating margin | -1.1% |
| Total margin | -0.4% |
| Days cash on hand | 23 |
| Current ratio | 0.64 |
| Occupancy | 95% |
Facility
| Beds | 184 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 184 | $248M | $-4.6M | -5.2% | -1.8% | 4 | 2.35 | 66% | 12,218 | 57 |
| 2021 | 184 | $340M | $-22.2M | -7.6% | -6.5% | 4 | 1.46 | 85% | 11,694 | 60 |
| 2022 | 184 | $376M | $-28.8M | -7.7% | -7.7% | 18 | -5.95 | 94% | 11,899 | 70 |
| 2023 | 184 | $435M | $-1.7M | -1.1% | -0.4% | 23 | 0.64 | 95% | 12,771 | 60 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Barclay Berdan | corporate director | 2023-01 | ||
| David Levy | corporate director | 2023-01 | ||
| James Hereford | corporate director | 2017-06 | ||
| Jodi Richard | corporate director | 2019-01 | ||
| Joe Gaylord | corporate director | 2023-01 | ||
| Joe Gaylord | w-2 managing employee | 2023-01 | ||
| Joe Gaylord | operational/managerial control | 2023-01 | ||
| John Heinmiller | corporate director | 2017-07 | ||
| Julie Causey | corporate director | 2011-12 | ||
| Karen Richard | corporate director | 2025-01 | ||
| Kenneth Roering | corporate director | 2017-06 | ||
| Maureen Ring | corporate director | 2023-01 | ||
| Maureen Ring | w-2 managing employee | 2023-01 | ||
| Maureen Ring | operational/managerial control | 2023-01 | ||
| Melissa Geller | corporate director | 2023-01 | ||
| Michael Connly | corporate director | 2017-06 | ||
| Paul Hill | corporate director | 2023-01 | ||
| Shawntera Hardy | corporate director | 2023-01 | ||
| Srijoy Mahapatra | corporate director | 2026-01 | ||
| Stephen Swensen | corporate director | 2023-01 | ||
| Tami Reller | corporate director | 2025-01 | ||
| 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 |