Northern Pines Medical Center
dba Essentia Health Northern Pines ·
Aurora, St. Louis County, MN
· CCN 241340
Licensed to Northern Pines Medical Center
Composite
24.4
rank score
Distress
15
FY2024
Fit
44
vs thesis
Estimated ticket
$1.4M–$2.7M
16 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- occupancy 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- 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 | $23.2M |
| Operating margin | 7.7% |
| Total margin | 15.3% |
| Days cash on hand | 152 |
| Current ratio | 6.80 |
| Occupancy | 39% |
Facility
| Beds | 16 |
| Facility type | CAH |
| Setting | urban |
| 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 | 16 | $18.1M | $4.5M | 10.5% | 21.9% | 32 | 0.95 | 20% | 178 | 34 |
| 2022 | 16 | $20.1M | $1.2M | 7.1% | 5.9% | 77 | 2.72 | 30% | 212 | 19 |
| 2023 | 16 | $22.6M | $4.3M | 9.5% | 17.4% | 99 | 5.62 | 36% | 246 | 10 |
| 2024 | 16 | $23.2M | $3.9M | 7.7% | 15.3% | 152 | 6.80 | 39% | 290 | 15 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Essentia Health | 5% or greater direct ownership interest | 100 | 2023-07 | |
| Adam Bachand | corporate officer | 2025-01 | ||
| Amy Bergstrom | corporate director | 2024-01 | ||
| Anthony Yung | corporate director | 2023-01 | ||
| Bruce Smith | corporate director | 2026-01 | ||
| Diana Kallberg | w-2 managing employee | 2024-07 | ||
| George Loban | corporate director | 2024-01 | ||
| Justin Terch | corporate director | 2025-10 | ||
| Kevin Boren | corporate officer | 2023-07 | ||
| Kevin Boren | w-2 managing employee | 2023-07 | ||
| Krista Skorupa | corporate officer | 2024-05 | ||
| Michael Watters | corporate officer | 2023-07 | ||
| Nancy Aronson Norr | corporate officer | 2025-01 | ||
| Rebecca Urbanski | corporate officer | 2025-01 | ||
| St Marys Duluth Clinic Health System | operational/managerial control | 2010-07 | ||
| Thomas Jamar | corporate director | 2023-01 | ||
| Troy Duininck | corporate director | 2023-01 |
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 |