Cuyuna Regional Medical Center
Crosby, Crow Wing County, MN
· CCN 241353
Licensed to Cuyuna Regional Medical Center
Composite
43.4
rank score
Distress
52
FY2024
Fit
50
vs thesis
Estimated ticket
$1.8M–$3.6M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- under 30 days cash on hand
- current ratio under 1.5
- occupancy 45-60%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $184M |
| Operating margin | -8.7% |
| Total margin | -0.4% |
| Days cash on hand | 3 |
| Current ratio | 1.11 |
| Occupancy | 51% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $72.2K |
| Per-bed (high) | $144K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $126M | $-3.4M | -9.8% | -2.5% | 65 | 2.15 | 50% | 1,355 | 42 |
| 2022 | 25 | $156M | $8.0M | -5.8% | 4.6% | 50 | 2.04 | 61% | 1,525 | 39 |
| 2023 | 25 | $181M | $6.3M | -4.0% | 3.2% | 23 | 2.31 | 57% | 1,443 | 40 |
| 2024 | 25 | $184M | $-769K | -8.7% | -0.4% | 3 | 1.11 | 51% | 1,541 | 52 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amy Hart | corporate officer | 100 | 2021-09 | |
| Andrea Bedard | corporate director | 2016-08 | ||
| Bart Taylor | corporate director | 2016-08 | ||
| Jamie Skjeveland | corporate director | 2021-01 | ||
| Joshua Horowitz | corporate director | 2021-01 | ||
| Katie Berg | corporate officer | 2017-06 | ||
| Katie Berg | w-2 managing employee | 2017-06 | ||
| Kent Feltz | corporate director | 2021-01 | ||
| Paige Holmgren | corporate director | 2021-01 | ||
| Virginia Savoloja | corporate director | 2021-01 | ||
| Wade Leonard | corporate director | 2021-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2016-08-01 | change of ownership | Cuyuna Regional Medical Center | Cuyuna Range Hospital District |
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 |