United Hospital District
Blue Earth, Faribault County, MN
· CCN 241369
Licensed to United Hospital District Inc
Composite
27.6
rank score
Distress
31
FY2023
Fit
34
vs thesis
Estimated ticket
$2.0M–$4.1M
24 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin -10% to -5%
- total margin under 2%
- 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 · FY2023
| Net patient revenue | $43.0M |
| Operating margin | -6.2% |
| Total margin | 1.9% |
| Days cash on hand | 165 |
| Current ratio | 5.63 |
| Occupancy | 24% |
Facility
| Beds | 24 |
| 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 | 24 | $30.1M | $-627K | -20.0% | -1.7% | 189 | 2.09 | 26% | 493 | 44 |
| 2021 | 24 | $37.9M | $5.6M | -0.5% | 12.8% | 175 | 3.97 | 30% | 521 | 21 |
| 2022 | 24 | $43.3M | $3.0M | 2.2% | 6.6% | 189 | 5.73 | 27% | 631 | 9 |
| 2023 | 24 | $43.0M | $895K | -6.2% | 1.9% | 165 | 5.63 | 24% | 609 | 31 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| United Hospital District Inc | operational/managerial control | 100 | 2015-01 | |
| Aaron Johnson | corporate director | 2024-01 | ||
| Bobby Karp | corporate director | 2015-01 | ||
| Chase Brandt | corporate director | 2022-01 | ||
| Douglas Johanson | corporate director | 2015-01 | ||
| Jacob Anderson | corporate director | 2025-01 | ||
| Jeffon Seely | corporate officer | 2025-08 | ||
| Jeffon Seely | w-2 managing employee | 2025-08 | ||
| Justin Miller | corporate director | 2021-01 | ||
| Krista Blair | corporate director | 2024-01 | ||
| Mark Gillen | corporate officer | 2025-09 | ||
| Mark Gillen | w-2 managing employee | 2025-09 | ||
| Melanie Humburg | corporate director | 2015-01 | ||
| Michael Mccarty | corporate director | 2024-01 | ||
| Richard Ash | corporate officer | 2015-07 | ||
| Richard Ash | w-2 managing employee | 2015-07 | ||
| Richard Barke | corporate director | 2021-01 | ||
| Ryan Milbrandt | corporate director | 2022-01 | ||
| Wyatt Rollenhagen | corporate director | 2017-01 |
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 |