Centracare - Benson
Benson, Swift County, MN
· CCN 241365
Licensed to Centracare Health - Benson Llc
Already transacted. CMS recorded an ownership change effective
2023-01-01. Confirm the current owner before spending a call on this.
Composite
9.5
rank score
Distress
29
FY2024
Fit
35
vs thesis
Estimated ticket
$935K–$1.9M
11 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- 30-60 days cash on hand
- current ratio under 1.5
- occupancy 30-45%
- margin deteriorating
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
- changed ownership 2023-01-01 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $21.9M |
| Operating margin | 9.5% |
| Total margin | 13.7% |
| Days cash on hand | 40 |
| Current ratio | 1.47 |
| Occupancy | 32% |
Facility
| Beds | 11 |
| Facility type | CAH |
| Setting | rural |
| 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 | 18 | $14.3M | $6.3M | -17.0% | 27.2% | 189 | 1.63 | 7% | 73 | 41 |
| 2021 | 18 | $16.7M | $3.8M | -5.9% | 17.9% | 335 | 2.33 | 8% | 105 | 36 |
| 2022 | 11 | $18.3M | $1.7M | -2.4% | 8.4% | 221 | 2.26 | 10% | 92 | 24 |
| 2023 | 11 | $9.3M | $1.1M | 5.4% | 11.0% | 18 | 2.75 | 10% | 45 | 31 |
| 2024 | 11 | $21.9M | $3.2M | 9.5% | 13.7% | 40 | 1.47 | 32% | 169 | 29 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Centracare Health System | 5% or greater direct ownership interest | 100 | 2023-01 | |
| Bobbie Bertram | corporate director | 2015-07 | ||
| Bryan Rolph | corporate director | 2019-07 | ||
| Carrie Henning-Smith | corporate director | 2023-07 | ||
| Daniel Abdul | corporate director | 2022-07 | ||
| David Anfinson | corporate director | 2018-04 | ||
| Jacob Lyons | corporate director | 2024-07 | ||
| James Hebl | corporate director | 2017-07 | ||
| Jeffrey Gau | corporate director | 2017-07 | ||
| Kenneth Holmen | corporate officer | 2015-06 | ||
| Michael Blair | corporate officer | 2023-01 | ||
| Michael Blair | w-2 managing employee | 2023-01 | ||
| Michelle Johnson | corporate director | 2021-07 | ||
| Renee Frauendienst | corporate director | 2017-07 | ||
| Richard Wehseler | corporate director | 2018-04 | ||
| Sherri Liebl | w-2 managing employee | 2019-09 | ||
| Thomas Knoblach | corporate director | 2011-07 | ||
| Tina May | corporate director | 2025-07 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2023-01-01 | change of ownership | Centracare Health - Benson Llc | Swift County-Benson Hospital |
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 |