Windom Area Hospital
dba Windom Area Health ·
Windom, Cottonwood County, MN
· CCN 241332
Licensed to Windom Area Hospital
Composite
27.2
rank score
Distress
33
FY2024
Fit
31
vs thesis
Estimated ticket
$1.5M–$3.1M
18 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- 30-60 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 · FY2024
| Net patient revenue | $29.1M |
| Operating margin | 2.3% |
| Total margin | 6.8% |
| Days cash on hand | 50 |
| Current ratio | 2.63 |
| Occupancy | 19% |
Facility
| Beds | 18 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 18 | $22.0M | $2.9M | 4.9% | 12.0% | 317 | 2.88 | 21% | 299 | 9 |
| 2022 | 18 | $26.3M | $7.9M | 13.7% | 25.7% | 372 | 10.58 | 19% | 319 | 9 |
| 2023 | 18 | $25.7M | $726K | 3.5% | 2.8% | 154 | 5.34 | 18% | 293 | 9 |
| 2024 | 18 | $29.1M | $2.1M | 2.3% | 6.8% | 50 | 2.63 | 19% | 304 | 33 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| City Of Windom Ambulance | 5% or greater direct ownership interest | 100 | 1971-09 | |
| Shelby Medina | corporate officer | 100 | 2016-02 | |
| Ahmad Yusuf | w-2 managing employee | 2026-03 | ||
| Daniel Ortmann | corporate director | 2019-05 | ||
| Emily Masters | corporate officer | 2017-06 | ||
| Emily Masters | w-2 managing employee | 2013-05 | ||
| Eric Frederickson | corporate director | 2023-09 | ||
| John Peyerl | corporate officer | 2019-11 | ||
| John Peyerl | w-2 managing employee | 2019-11 | ||
| Justin Schmit | corporate director | 2020-05 | ||
| Kay Gross | corporate director | 2017-09 | ||
| Kimberly Pillatzki | corporate director | 2024-08 | ||
| Landon Johnson | w-2 managing employee | 2026-03 | ||
| Marvin Grunig | corporate officer | 2025-01 | ||
| Michael Fisher | corporate director | 2016-08 | ||
| Sanford Health Network | operational/managerial control | 1989-06 | ||
| Terry Tegels | corporate director | 2021-08 |
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 |