Johnson Memorial Hospital
Dawson, Lac Qui Parle County, MN
· CCN 241314
Licensed to Johnson Memorial Health Services
Composite
27.2
rank score
Distress
33
FY2023
Fit
31
vs thesis
Estimated ticket
$1.4M–$2.9M
17 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- occupancy below 30%
- 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 | $21.6M |
| Operating margin | -21.9% |
| Total margin | 4.2% |
| Days cash on hand | 212 |
| Current ratio | 5.47 |
| Occupancy | 12% |
Facility
| Beds | 17 |
| 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 | 17 | $17.6M | $628K | -9.5% | 3.2% | 363 | 2.42 | 13% | 136 | 31 |
| 2021 | 17 | $19.4M | $6.2M | -15.4% | 21.8% | 293 | 7.44 | 19% | 147 | 37 |
| 2022 | 17 | $21.3M | $-306K | -13.5% | -1.3% | 279 | 6.77 | 12% | 134 | 44 |
| 2023 | 17 | $21.6M | $1.1M | -21.9% | 4.2% | 212 | 5.47 | 12% | 83 | 33 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Johnson Memorial Health Services | other | 100 | 1972-11 | |
| Crystal Bothun | w-2 managing employee | 2024-08 | ||
| Jacob Redepenning | w-2 managing employee | 2024-11 |
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 |