Sleepy Eye Municipal Hospital
dba Sleepy Eye Medical Center ·
Sleepy Eye, Brown County, MN
· CCN 241327
Licensed to City Of Sleepy Eye
Composite
22.3
rank score
Distress
22
FY2023
Fit
31
vs thesis
Estimated ticket
$1.4M–$2.7M
16 beds ·
within envelope
Ownership
government
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
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $19.8M |
| Operating margin | -4.6% |
| Total margin | 3.4% |
| Days cash on hand | 233 |
| Current ratio | 6.90 |
| Occupancy | 18% |
Facility
| Beds | 16 |
| 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 | 16 | $17.0M | $-771K | -13.1% | -4.2% | 194 | 1.35 | 17% | 238 | 60 |
| 2021 | 16 | $19.6M | $6.9M | 1.6% | 26.4% | 234 | 3.97 | 21% | 268 | 16 |
| 2022 | 16 | $20.5M | $2.2M | 4.4% | 10.0% | 221 | 8.36 | 17% | 248 | 9 |
| 2023 | 16 | $19.8M | $724K | -4.6% | 3.4% | 233 | 6.90 | 18% | 230 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| City Of Sleepy Eye | 5% or greater direct ownership interest | 100 | 1966-01 | |
| Amanda Murphy | corporate officer | 2021-12 | ||
| Gregory Gangelhoff | corporate officer | 2023-01 | ||
| Jacob Mielke | corporate officer | 2022-01 | ||
| Julia Couldon | corporate officer | 2024-01 | ||
| Mark Schwartz | corporate officer | 2014-01 | ||
| Randy Reinarts | corporate officer | 2024-01 | ||
| Russell Elston | corporate officer | 2019-06 | ||
| Todd Consbruck | corporate officer | 2024-01 | ||
| Todd Consbruck | w-2 managing employee | 2024-01 |
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 |