Essentia Health Moose Lake
Moose Lake, Carlton County, MN
· CCN 241350
Licensed to Essentia Health Moose Lake
Composite
35.2
rank score
Distress
39
FY2024
Fit
44
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin under 2%
- 30-60 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $41.6M |
| Operating margin | 1.9% |
| Total margin | 6.3% |
| Days cash on hand | 38 |
| Current ratio | 2.84 |
| Occupancy | 30% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | urban |
| Ownership class | government |
| 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 | $27.7M | $-2.3M | -15.0% | -7.6% | 265 | 3.21 | 24% | 353 | 53 |
| 2021 | 25 | $29.7M | $18.8M | -6.8% | 37.3% | 125 | 1.98 | 27% | 492 | 40 |
| 2022 | 25 | $34.5M | $-5.3M | -15.9% | -15.2% | 69 | 1.35 | 29% | 459 | 71 |
| 2023 | 25 | $38.1M | $136K | -5.0% | 0.3% | 18 | 1.96 | 31% | 511 | 51 |
| 2024 | 25 | $41.6M | $2.7M | 1.9% | 6.3% | 38 | 2.84 | 30% | 539 | 39 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Essentia Health | 5% or greater direct ownership interest | 100 | 2023-07 | |
| Adam Bachand | corporate officer | 2025-01 | ||
| Amy Bergstrom | corporate director | 2024-01 | ||
| Anthony Sertich | corporate director | 2021-01 | ||
| Anthony Yung | corporate director | 2023-01 | ||
| Bruce Smith | corporate director | 2026-01 | ||
| George Loban | corporate director | 2024-01 | ||
| Justin Terch | corporate director | 2025-10 | ||
| Kevin Boren | corporate officer | 2014-10 | ||
| Kevin Boren | w-2 managing employee | 2014-10 | ||
| Krista Skorupa | corporate officer | 2024-05 | ||
| Michael Watters | corporate officer | 2023-07 | ||
| Nancy Aronson Norr | corporate officer | 2025-01 | ||
| Rebecca Urbanski | corporate officer | 2025-01 | ||
| Sam Barney | w-2 managing employee | 2023-08 | ||
| St Marys Duluth Clinic Health System | operational/managerial control | 2020-08 | ||
| Thomas Jamar | corporate director | 2023-01 | ||
| Troy Duininck | corporate director | 2023-01 |
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 |