Rivers Edge Hospital And Clinic
St. Peter, Nicollet County, MN
· CCN 241334
Licensed to River's Edge Hospital & Clinic
Composite
51.5
rank score
Distress
77
FY2023
Fit
42
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 30-60 days cash on hand
- debt above 85% of assets
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $59.0M |
| Operating margin | -11.5% |
| Total margin | -8.5% |
| Days cash on hand | 48 |
| Current ratio | 2.42 |
| Occupancy | 32% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $41.3M | $66.3K | -9.0% | 0.1% | 99 | 2.52 | 31% | 927 | 43 |
| 2021 | 25 | $49.1M | $4.8M | -2.6% | 8.7% | 108 | 3.69 | 34% | 1,082 | 30 |
| 2022 | 25 | $55.9M | $-694K | -3.4% | -1.2% | 85 | 3.20 | 34% | 1,225 | 43 |
| 2023 | 25 | $59.0M | $-5.2M | -11.5% | -8.5% | 48 | 2.42 | 32% | 1,169 | 77 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| City Of St Peter | 5% or greater direct ownership interest | 100 | 2020-01 | |
| Paula Meskan | corporate officer | 2020-09 | ||
| Paula Meskan | w-2 managing employee | 2020-09 |
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 |