Stevens Community Medical Center
Morris, Stevens County, MN
· CCN 241363
Licensed to Stevens Community Medical Center Inc
Composite
21.8
rank score
Distress
12
FY2023
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 90-150 days cash on hand
- occupancy below 30%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $52.0M |
| Operating margin | 7.9% |
| Total margin | 10.0% |
| Days cash on hand | 114 |
| Current ratio | 3.93 |
| Occupancy | 13% |
Facility
| Beds | 25 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $39.6M | $2.1M | -4.5% | 4.7% | 226 | 3.37 | 17% | 474 | 24 |
| 2021 | 25 | $47.3M | $7.2M | 2.5% | 13.4% | 108 | 3.01 | 16% | 420 | 13 |
| 2022 | 25 | $49.8M | $5.4M | 7.9% | 10.5% | 91 | 3.05 | 16% | 478 | 13 |
| 2023 | 25 | $52.0M | $5.3M | 7.9% | 10.0% | 114 | 3.93 | 13% | 452 | 12 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bart Finzel | corporate director | 2007-11 | ||
| Brent Barnstuble | operational/managerial control | 2024-09 | ||
| Darryl Larson | corporate director | 2012-01 | ||
| David Paul | corporate director | 2005-03 | ||
| Jan Hagen | corporate director | 2007-11 | ||
| Jodi Decamp | corporate director | 2005-03 | ||
| Kerrie Mcevilly | corporate officer | 2020-06 | ||
| Paul Martin | corporate director | 2008-03 | ||
| Rachel Johnson | operational/managerial control | 2019-06 | ||
| Sarah Tahtinen | corporate officer | 2025-10 | ||
| Sarah Tahtinen | corporate director | 2025-10 | ||
| Timothy Jay | operational/managerial control | 2025-03 | ||
| Toby Christie-Perkins | operational/managerial control | 2016-11 | ||
| Ward Voorhees | corporate director | 2005-03 |
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 |