Tyler Healthcare Center
dba Avera Tyler Hospital ·
Tyler, Lincoln County, MN
· CCN 241348
Licensed to Avera Tyler
Composite
30.7
rank score
Distress
38
FY2024
Fit
34
vs thesis
Estimated ticket
$1.7M–$3.4M
20 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- 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 | $13.8M |
| Operating margin | 2.2% |
| Total margin | 10.2% |
| Days cash on hand | 0 |
| Current ratio | 1.84 |
| Occupancy | 8% |
Facility
| Beds | 20 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 21 | $12.8M | $3.1M | 4.3% | 20.5% | 40 | 1.67 | 7% | 75 | 26 |
| 2022 | 21 | $13.5M | $62.5K | 1.2% | 0.5% | 8 | 1.43 | 9% | 127 | 44 |
| 2023 | 21 | $12.8M | $835K | 0.7% | 6.1% | 10 | 1.65 | 8% | 89 | 38 |
| 2024 | 20 | $13.8M | $1.5M | 2.2% | 10.2% | 0 | 1.84 | 8% | 79 | 38 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Avera Health | 5% or greater indirect ownership interest | 100 | 2016-03 | |
| Avera Marshall | 5% or greater direct ownership interest | 100 | 2016-03 | |
| Amanda Sieling | corporate director | 2018-07 | ||
| Avera Marshall | operational/managerial control | 2016-03 | ||
| Christy Coudron | corporate officer | 2020-10 | ||
| Curtis Louwagie | corporate director | 2018-07 | ||
| Debra Streier | corporate officer | 2021-02 | ||
| Debra Streier | operational/managerial control | 2021-02 | ||
| James Dover | corporate officer | 2023-10 | ||
| Jill Vroman | corporate director | 2023-07 | ||
| Jodelle Zimmerman | corporate director | 2018-07 | ||
| Julie Lautt | corporate officer | 2020-03 | ||
| Karie Novak | corporate director | 2024-07 | ||
| Lavonne Koenen | corporate director | 2020-07 | ||
| Sharon Hennen | corporate director | 2023-07 | ||
| Thomas Kooiman | corporate officer | 2022-05 | ||
| Thomas Kooiman | operational/managerial control | 2022-05 | ||
| Thomas Lorang | corporate director | 2024-07 | ||
| Tim O'leary | corporate director | 2023-07 |
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 |