Deer River Healthcare Center Inc.
dba Essentia Health Deer River ·
Deer River, Itasca County, MN
· CCN 241360
Licensed to Deer River Healthcare Center Inc
Composite
24.0
rank score
Distress
23
FY2024
Fit
34
vs thesis
Estimated ticket
$1.7M–$3.4M
20 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 30-60 days cash on hand
- occupancy below 30%
- 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 | $44.3M |
| Operating margin | 9.2% |
| Total margin | 15.0% |
| Days cash on hand | 39 |
| Current ratio | 3.45 |
| Occupancy | 24% |
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 | 20 | $38.9M | $6.2M | 5.2% | 14.4% | 9 | 1.17 | 19% | 285 | 34 |
| 2022 | 20 | $41.0M | $1.1M | 1.8% | 2.6% | 129 | 3.87 | 21% | 285 | 20 |
| 2023 | 20 | $41.6M | $3.0M | 2.1% | 6.9% | 38 | 5.49 | 27% | 369 | 26 |
| 2024 | 20 | $44.3M | $7.1M | 9.2% | 15.0% | 39 | 3.45 | 24% | 301 | 23 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Essentia Health | 5% or greater direct ownership interest | 100 | 2025-03 | |
| St Marys Duluth Clinic Health System | operational/managerial control | 100 | 2012-09 | |
| Adam Bachand | corporate director | 2025-01 | ||
| Amanda Reed | w-2 managing employee | 2023-07 | ||
| Amy Bergstrom | corporate director | 2024-01 | ||
| Anthony Sertich | corporate officer | 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 | 2022-04 | ||
| Kevin Boren | w-2 managing employee | 2023-07 | ||
| Krista Skorupa | corporate officer | 2024-05 | ||
| Michael Watters | corporate officer | 2023-07 | ||
| Nancy Aronson Norr | corporate director | 2025-01 | ||
| Rebecca Urbanski | corporate director | 2025-01 | ||
| 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 |