Lifecare Medical Center
Roseau, Roseau County, MN
· CCN 241344
Licensed to Lifecare Medical Center
Composite
31.7
rank score
Distress
34
FY2023
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- 60-90 days cash on hand
- occupancy below 30%
- margin slipping
- 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 · FY2023
| Net patient revenue | $53.7M |
| Operating margin | -4.1% |
| Total margin | 5.4% |
| Days cash on hand | 86 |
| Current ratio | 3.71 |
| Occupancy | 28% |
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 | $49.0M | $3.8M | 1.5% | 7.3% | 103 | 1.70 | 31% | 482 | 17 |
| 2021 | 25 | $52.5M | $13.7M | 2.4% | 21.1% | 122 | 4.03 | 35% | 476 | 10 |
| 2022 | 25 | $53.8M | $1.7M | -2.0% | 3.1% | 112 | 4.11 | 35% | 503 | 26 |
| 2023 | 25 | $53.7M | $3.2M | -4.1% | 5.4% | 86 | 3.71 | 28% | 435 | 34 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Beth Johnson | corporate director | 2015-10 | ||
| Brenda Sather | corporate director | 2009-10 | ||
| Catherine Huss | corporate officer | 2000-12 | ||
| Catherine Huss | w-2 managing employee | 2000-12 | ||
| Chuck Lindner | corporate director | 2007-09 | ||
| Corwin Vatnsdal | corporate director | 2007-10 | ||
| Dan Urness | corporate director | 2016-08 | ||
| Jessica Foss | corporate director | 2015-10 | ||
| Keith Okeson | corporate officer | 2005-07 | ||
| Keith Okeson | w-2 managing employee | 2005-07 | ||
| Mark Karl | corporate director | 2016-08 | ||
| Mark Wilson | corporate director | 2009-10 | ||
| Matthew Ulwelling | corporate director | 2013-11 | ||
| Megan Comstock | corporate director | 2022-02 | ||
| Ronald Brummer | corporate director | 2019-04 | ||
| Shayne Isane | corporate director | 2012-03 | ||
| Therese Mcbride | corporate director | 1995-08 |
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 |