Paynesville Area Hospital
dba Centracare - Paynesville Hospital ·
Paynesville, Stearns County, MN
· CCN 241349
Licensed to Centracare Health-Paynesville Llc
Composite
24.2
rank score
Distress
20
FY2024
Fit
38
vs thesis
Estimated ticket
$1.3M–$2.5M
15 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 30-60 days cash on hand
- occupancy 30-45%
- rural — cheaper but limited density
- 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 | $44.6M |
| Operating margin | 6.7% |
| Total margin | 10.3% |
| Days cash on hand | 44 |
| Current ratio | 2.18 |
| Occupancy | 41% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $46.3M | $3.0M | -1.6% | 6.1% | 87 | 1.63 | 25% | 262 | 34 |
| 2022 | 17 | $44.0M | $6.0M | 11.5% | 13.4% | 123 | 2.30 | 42% | 270 | 10 |
| 2023 | 19 | $43.0M | $7.2M | 8.2% | 15.4% | 25 | 1.67 | 33% | 268 | 28 |
| 2024 | 15 | $44.6M | $4.8M | 6.7% | 10.3% | 44 | 2.18 | 41% | 254 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Centracare Health System | operational/managerial control | 100 | 2013-10 | |
| Bobbie Bertram | corporate director | 2021-06 | ||
| Bryan Rolph | corporate director | 2019-07 | ||
| Christian Schmidt | corporate director | 2015-07 | ||
| David Anfinson | corporate director | 2018-04 | ||
| Joseph Uphus | corporate director | 2013-07 | ||
| Joy Plamann | corporate officer | 2021-02 | ||
| Kathleen Parsons | corporate director | 2008-06 | ||
| Kenneth Holmen | corporate director | 2015-01 | ||
| Michael Blair | corporate officer | 2019-09 | ||
| Michael Blair | w-2 managing employee | 2019-09 | ||
| Michelle Johnson | corporate director | 2021-06 | ||
| Richard Wehseler | corporate director | 2018-04 | ||
| Robert Thueringer | corporate director | 2020-07 | ||
| Sherri Liebl | corporate officer | 2019-09 | ||
| Steven Laraway | corporate director | 2014-07 | ||
| Thomas Knoblach | corporate director | 2021-06 | ||
| Tina May | corporate director | 2025-07 |
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 |