Ely-Bloomenson Community Hospital
Ely, St. Louis County, MN
· CCN 241318
Licensed to Ely-Bloomenson Community Hospital
Composite
23.5
rank score
Distress
22
FY2023
Fit
34
vs thesis
Estimated ticket
$1.4M–$2.7M
16 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $29.5M |
| Operating margin | -3.2% |
| Total margin | 3.3% |
| Days cash on hand | 158 |
| Current ratio | 4.08 |
| Occupancy | 15% |
Facility
| Beds | 16 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 | 16 | $20.4M | $-251K | -5.6% | -1.2% | 212 | 2.08 | 14% | 193 | 39 |
| 2021 | 16 | $24.7M | $6.2M | 2.9% | 20.6% | 158 | 4.96 | 16% | 227 | 9 |
| 2022 | 16 | $28.3M | $1.1M | 2.6% | 3.9% | 183 | 5.31 | 21% | 283 | 9 |
| 2023 | 16 | $29.5M | $1.0M | -3.2% | 3.3% | 158 | 4.08 | 15% | 176 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Barbara Soderberg | corporate director | 2022-05 | ||
| Brock Urie | corporate officer | 2023-01 | ||
| Brock Urie | w-2 managing employee | 2023-01 | ||
| Crystal Chopp | corporate director | 2024-01 | ||
| Devon Luthens | corporate director | 2023-01 | ||
| John Saw | corporate director | 2023-01 | ||
| Maryann Smith | corporate director | 2023-01 | ||
| Patricia Banks | corporate officer | 2018-01 | ||
| Patricia Banks | w-2 managing employee | 2018-01 | ||
| Riana Hegman | corporate director | 2024-01 | ||
| Robert Wilmunen | corporate director | 2024-01 | ||
| Stephen Peterson | corporate director | 2024-01 | ||
| Timothy Balthazor | corporate officer | 2025-01 | ||
| Timothy Balthazor | w-2 managing employee | 2025-01 | ||
| Timothy Riley | corporate director | 2023-01 |
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 |
|---|---|---|---|---|
| 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 |