Mayo Clinic Health Sys - New Prague
dba Mayo Clinic Health System-New Prague ·
New Prague, Scott County, MN
· CCN 241361
Licensed to Mayo Clinic Health System-Southwest Minnesota Region
Composite
31.7
rank score
Distress
20
FY2023
Fit
52
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
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $74.9M |
| Operating margin | 11.5% |
| Total margin | 12.0% |
| Days cash on hand | 0 |
| Current ratio | 2.81 |
| Occupancy | 75% |
Facility
| Beds | 20 |
| Facility type | CAH |
| Setting | urban |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 20 | $56.3M | $546K | -9.0% | 0.9% | 0 | 2.41 | 51% | 469 | 50 |
| 2021 | 20 | $66.5M | $-2.6M | -4.8% | -3.9% | 0 | 1.77 | 57% | 574 | 52 |
| 2022 | 20 | $71.2M | $6.6M | 8.7% | 9.2% | 0 | 2.15 | 70% | 682 | 22 |
| 2023 | 20 | $74.9M | $9.0M | 11.5% | 12.0% | 0 | 2.81 | 75% | 776 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Albert Harris | corporate director | 2025-01 | ||
| Brian Bartlett | corporate director | 2025-01 | ||
| Brian Lynch | corporate director | 2025-01 | ||
| Dena Keilman | corporate director | 2025-01 | ||
| Gokhan Anil | corporate director | 2019-01 | ||
| Karthik Ghosh | corporate officer | 2025-01 | ||
| Karthik Ghosh | corporate director | 2025-01 | ||
| Mackenzie Miller | w-2 managing employee | 2022-09 | ||
| Mansi Kanuga | corporate director | 2025-01 | ||
| Mayo Clinic | operational/managerial control | 2018-01 | chain | |
| Meggan Luevano | corporate director | 2026-03 | ||
| Morris Miller | corporate officer | 2023-05 | ||
| Morris Miller | corporate director | 2025-01 | ||
| Savannah Coleman | w-2 managing employee | 2024-03 | ||
| Syed Khan | corporate director | 2025-01 | ||
| Tara Krosch | corporate director | 2025-01 | ||
| Taylor Beahrs | corporate director | 2025-01 | ||
| Travis Paul | corporate officer | 2021-11 | ||
| Travis Paul | corporate director | 2021-11 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2018-01-01 | change of ownership | Mayo Clinic Health... | Mayo Clinic Health System - New Prague |
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 |