Cook Hospital
Cook, St. Louis County, MN
· CCN 241312
Licensed to Cook Hospital
Composite
28.6
rank score
Distress
36
FY2023
Fit
31
vs thesis
Estimated ticket
$1.2M–$2.4M
14 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- occupancy below 30%
- margin slipping
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $15.4M |
| Operating margin | -14.5% |
| Total margin | 8.1% |
| Days cash on hand | 248 |
| Current ratio | 6.66 |
| Occupancy | 13% |
Facility
| Beds | 14 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 14 | $13.8M | $1.5M | -9.8% | 9.0% | 368 | 2.36 | 15% | 109 | 31 |
| 2021 | 14 | $15.8M | $4.8M | -1.1% | 23.3% | 313 | 3.96 | 16% | 141 | 24 |
| 2022 | 14 | $15.0M | $587K | -12.3% | 3.4% | 257 | 5.66 | 14% | 118 | 37 |
| 2023 | 14 | $15.4M | $1.6M | -14.5% | 8.1% | 248 | 6.66 | 13% | 94 | 36 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cook Hospital | operational/managerial control | 2010-08 | ||
| Denise Parson | corporate director | 2021-01 | ||
| Donald Potter | corporate director | 2002-07 | ||
| Elizabeth Dahl | corporate director | 2014-07 | ||
| Eric Pederson | corporate director | 2012-10 | ||
| Heather Brandon | corporate director | 2025-09 | ||
| Jodell Driggs | corporate director | 2025-01 | ||
| John Stegmeir | corporate director | 2015-05 | ||
| Judith Pearson | corporate director | 2007-01 | ||
| Karis Antikainen | corporate director | 2025-01 | ||
| Kathy Weiand | corporate director | 2012-02 | ||
| Lisa Tosel | corporate director | 2026-01 | ||
| Margie Hyppa | corporate director | 2008-03 | ||
| Michael Enzmann | corporate director | 2009-08 | ||
| Teresa Debevec | corporate officer | 2014-09 | ||
| Teresa Debevec | w-2 managing employee | 2009-01 | ||
| Theresa Martinson | corporate director | 2023-02 | ||
| Wendy Long | corporate director | 2008-05 |
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 |
|---|---|---|---|---|
| 2023-01-01 | Centracare Health - Benson Llc | Swift County-Benson Hospital | Centracare - Benson | 11 |
| 2021-07-01 | Welia Health | County Of Kanabec | Welia Health | 25 |
| 2020-05-01 | Healthpartners Rc | Renville County | Olivia Hospital And Clinics | 16 |
| 2020-01-01 | Avera Granite Falls | Granite Falls Municipal Hospital And Manor | Avera Granite Falls | 25 |
| 2019-01-01 | Carris Health - Redwood Llc | Redwood Area Hospital | Carris Health-Redwood Llc | 14 |
| 2018-01-01 | Mayo Clinic Health... | Mayo Clinic Health System - Waseca | Mayo Clinic Health System - Waseca | 15 |
| 2018-01-01 | Mayo Clinic Health... | Mayo Clinic Health System - New Prague | Mayo Clinic Health Sys - New Prague | 20 |
| 2018-01-01 | Mayo Clinic Health... | Mayo Clinic Health System-Cannon Falls | Cannon Falls Medical Center - Mayo | 15 |
| 2016-08-01 | Cuyuna Regional Medical Center | Cuyuna Range Hospital District | Cuyuna Regional Medical Center | 25 |