Cannon Falls Medical Center - Mayo
dba Mayo Clinic Health System-Cannon Falls ·
Cannon Falls, Goodhue County, MN
· CCN 241346
Licensed to Mayo Clinic Health System-Southeast Minnesota Region
Composite
23.7
rank score
Distress
8
FY2023
Fit
46
vs thesis
Estimated ticket
$1.3M–$2.5M
15 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- margin deteriorating
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $44.8M |
| Operating margin | 12.2% |
| Total margin | 14.1% |
| Days cash on hand | — |
| Current ratio | 3.64 |
| Occupancy | 62% |
Facility
| Beds | 15 |
| 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 | 15 | $35.1M | $7.0M | 5.1% | 17.3% | — | 3.42 | 60% | 108 | 0 |
| 2021 | 15 | $40.8M | $4.9M | 10.1% | 11.8% | — | 2.85 | 68% | 113 | 0 |
| 2022 | 15 | $40.7M | $2.8M | 5.5% | 6.8% | — | 2.62 | 57% | 136 | 3 |
| 2023 | 15 | $44.8M | $6.5M | 12.2% | 14.1% | — | 3.64 | 62% | 126 | 8 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Albert Harris | corporate director | 2025-01 | ||
| Bethanie Flattum | w-2 managing employee | 2021-01 | ||
| Brian Bartlett | corporate director | 2025-01 | ||
| Brian Lynch | corporate director | 2025-01 | ||
| Christopher Gulden | w-2 managing employee | 2021-01 | ||
| Dena Keilman | corporate director | 2025-01 | ||
| Gokhan Anil | corporate director | 2023-05 | ||
| Karthik Ghosh | corporate officer | 2025-01 | ||
| Karthik Ghosh | corporate director | 2025-01 | ||
| Mansi Kanuga | corporate director | 2025-01 | ||
| Mayo Clinic | operational/managerial control | 2018-01 | chain | |
| Meggan Luevano | corporate director | 2026-03 | ||
| Morris Miller | corporate officer | 2023-07 | ||
| Morris Miller | corporate director | 2025-01 | ||
| Syed Khan | corporate director | 2025-01 | ||
| Tara Krosch | corporate director | 2025-01 | ||
| Taylor Beahrs | corporate director | 2025-01 | ||
| Travis Paul | corporate officer | 2025-01 | ||
| Travis Paul | corporate director | 2025-01 | ||
| Travis Paul | w-2 managing employee | 2025-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2018-01-01 | change of ownership | Mayo Clinic Health... | Mayo Clinic Health System-Cannon Falls |
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 |