Murray County Memorial Hospital
Slayton, Murray County, MN
· CCN 241319
Licensed to County Of Murray
Composite
31.3
rank score
Distress
42
FY2023
Fit
31
vs thesis
Estimated ticket
$1.8M–$3.6M
21 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin -10% to -5%
- 90-150 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- 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 | $16.8M |
| Operating margin | -5.7% |
| Total margin | 2.1% |
| Days cash on hand | 143 |
| Current ratio | 3.54 |
| Occupancy | 12% |
Facility
| Beds | 21 |
| 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 | 21 | $14.3M | $1.4M | -10.1% | 7.9% | 142 | 1.39 | 13% | 152 | 49 |
| 2021 | 21 | $16.0M | $6.2M | 3.4% | 28.5% | 154 | 2.85 | 13% | 161 | 9 |
| 2022 | 21 | $17.2M | $824K | -6.5% | 4.3% | 115 | 3.21 | 13% | 166 | 36 |
| 2023 | 21 | $16.8M | $381K | -5.7% | 2.1% | 143 | 3.54 | 12% | 154 | 42 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| County Of Murray | 5% or greater direct ownership interest | 100 | 2007-11 | |
| Luke Schryvers | corporate officer | 2020-12 | ||
| Robyn Van Heuvelen | corporate officer | 2018-01 | ||
| Robyn Van Heuvelen | w-2 managing employee | 2018-01 |
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 |