Melrose Area Hospital Centracare
dba Centracare - Melrose Hospital ·
Melrose, Stearns County, MN
· CCN 241330
Licensed to Centracare Health System - Melrose
Composite
24.2
rank score
Distress
20
FY2024
Fit
38
vs thesis
Estimated ticket
$1.2M–$2.4M
14 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 30-60 days cash on hand
- occupancy 30-45%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $49.0M |
| Operating margin | 6.1% |
| Total margin | 14.3% |
| Days cash on hand | 31 |
| Current ratio | 2.15 |
| Occupancy | 45% |
Facility
| Beds | 14 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 14 | $42.7M | $4.5M | -10.0% | 8.7% | 92 | 1.86 | 44% | 324 | 38 |
| 2022 | 14 | $50.5M | $-1.1M | -0.9% | -2.2% | 87 | 2.42 | 42% | 414 | 39 |
| 2023 | 14 | $51.5M | $4.1M | -1.8% | 7.3% | 24 | 1.76 | 40% | 374 | 43 |
| 2024 | 14 | $49.0M | $7.7M | 6.1% | 14.3% | 31 | 2.15 | 45% | 422 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bobbie Bertram | corporate director | 2015-07 | ||
| Bryan Rolph | corporate director | 2019-07 | ||
| Carrie Henning-Smith | corporate director | 2023-07 | ||
| Centracare Health System | operational/managerial control | 1997-07 | ||
| Daniel Abdul | corporate director | 2022-07 | ||
| David Anfinson | corporate director | 2018-04 | ||
| Jacob Lyons | corporate director | 2024-07 | ||
| James Hebl | corporate director | 2017-07 | ||
| Jeffrey Gau | corporate director | 2017-07 | ||
| Kenneth Holmen | corporate director | 2015-01 | ||
| Michael Blair | corporate officer | 2019-09 | ||
| Michael Blair | w-2 managing employee | 2019-09 | ||
| Michelle Johnson | corporate director | 2021-07 | ||
| Renee Frauendienst | corporate director | 2017-07 | ||
| Richard Wehseler | corporate director | 2018-04 | ||
| Sherri Liebl | corporate director | 2019-09 | ||
| Thomas Knoblach | corporate director | 2011-07 | ||
| Tina May | corporate director | 2025-07 |
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 |