Avera Granite Falls
dba Avera Granite Falls Health Center ·
Granite Falls, Yellow Medcine County, MN
· CCN 241343
Licensed to Avera Granite Falls
Composite
29.0
rank score
Distress
28
FY2024
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- occupancy below 30%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $28.9M |
| Operating margin | 2.1% |
| Total margin | 10.7% |
| Days cash on hand | 0 |
| Current ratio | 1.53 |
| Occupancy | 8% |
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 | $10.6M | $1.6M | -14.7% | 11.7% | 108 | 1.50 | 7% | 75 | 41 |
| 2021 | 25 | $24.9M | $2.1M | -10.3% | 7.0% | 12 | 3.20 | 9% | 177 | 59 |
| 2022 | 25 | $27.0M | $-331K | -4.9% | -1.2% | 11 | 1.62 | 10% | 168 | 54 |
| 2023 | 25 | $28.5M | $1.5M | 0.1% | 5.0% | 3 | 1.55 | 8% | 154 | 38 |
| 2024 | 25 | $28.9M | $3.4M | 2.1% | 10.7% | 0 | 1.53 | 8% | 129 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Avera Health | 5% or greater indirect ownership interest | 100 | 2020-01 | |
| Avera Marshall | 5% or greater direct ownership interest | 100 | 2020-01 | |
| Avera Marshall | operational/managerial control | 2020-01 | ||
| Christy Coudron | corporate officer | 2021-02 | ||
| Daniel Barber | corporate director | 2024-07 | ||
| Debra Streier | corporate officer | 2021-02 | ||
| James Dover | corporate officer | 2023-10 | ||
| Julie Lautt | corporate officer | 2020-03 | ||
| Lavonne Koenen | corporate director | 2020-07 | ||
| Lisa Streich | corporate director | 2024-10 | ||
| Lucille Welbig | corporate director | 2023-07 | ||
| Mark Jensen | corporate director | 2023-07 | ||
| Rosa Rios Avendano | corporate director | 2023-07 | ||
| Thomas Kooiman | corporate officer | 2022-05 | ||
| Thomas Kooiman | operational/managerial control | 2022-05 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-01-01 | change of ownership | Avera Granite Falls | Granite Falls Municipal... |
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 |