Mayo Clinic Health Sys - St. James
St. James, Watonwan County, MN
· CCN 241333
Licensed to Mayo Clinic Health System-St James
Composite
24.4
rank score
Distress
10
FY2023
Fit
45
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- current ratio under 1.5
- occupancy 30-45%
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $25.9M |
| Operating margin | 7.3% |
| Total margin | 12.1% |
| Days cash on hand | — |
| Current ratio | 1.07 |
| Occupancy | 34% |
Facility
| Beds | 25 |
| 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 | 25 | $22.0M | $731K | 2.1% | 3.3% | 0 | 1.02 | 29% | 91 | 34 |
| 2021 | 25 | $25.0M | $2.4M | 9.0% | 9.4% | — | 0.95 | 34% | 202 | 19 |
| 2022 | 25 | $26.6M | $2.3M | 7.5% | 8.5% | — | 1.04 | 42% | 179 | 11 |
| 2023 | 25 | $25.9M | $3.3M | 7.3% | 12.1% | — | 1.07 | 34% | 244 | 10 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Christopher Hasse | corporate officer | 2022-07 | ||
| Jason Planas | corporate director | 2026-02 | ||
| Jennifer Langbehn | corporate director | 2023-11 | ||
| Jessica Nowicki | corporate director | 2024-02 | ||
| Karen Carlson | corporate director | 2026-02 | ||
| Karen Carlson | w-2 managing employee | 2026-02 | ||
| Karthik Ghosh | corporate officer | 2025-01 | ||
| Liam Dawson | corporate director | 2025-08 | ||
| Mayo Clinic | operational/managerial control | 2010-01 | ||
| Mayo Clinic Health System-Southwest Minnesota Region | operational/managerial control | 2008-01 | chain | |
| Morris Miller | corporate officer | 2023-07 | ||
| Nidia Zelaya | corporate director | 2022-04 | ||
| Patricia Branstad | corporate director | 2021-01 | ||
| Travis Elg | corporate director | 2025-08 | ||
| Travis Paul | corporate officer | 2021-11 |
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 |