Perham Health
Perham, Otter Tail County, MN
· CCN 241373
Licensed to Perham Hospital District
Composite
32.1
rank score
Distress
34
FY2023
Fit
42
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin -10% to -5%
- 60-90 days cash on hand
- occupancy 30-45%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $73.0M |
| Operating margin | -6.4% |
| Total margin | 14.6% |
| Days cash on hand | 79 |
| Current ratio | 4.11 |
| Occupancy | 35% |
Facility
| Beds | 25 |
| 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 | 25 | $58.6M | $6.0M | -1.3% | 9.1% | 159 | 2.44 | 29% | 937 | 24 |
| 2021 | 25 | $64.6M | $13.7M | -0.5% | 17.5% | 91 | 3.18 | 32% | 943 | 26 |
| 2022 | 25 | $65.7M | $-3.3M | -3.8% | -5.1% | 99 | 3.37 | 33% | 951 | 38 |
| 2023 | 25 | $73.0M | $13.3M | -6.4% | 14.6% | 79 | 4.11 | 35% | 910 | 34 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alana Vanwatermulen | corporate director | 2018-09 | ||
| Alisyn Keil | corporate director | 2007-10 | ||
| Allan Berube | corporate director | 2017-01 | ||
| Arvin Widness | corporate director | 2025-01 | ||
| Charles Hofius | contracted managing employee | 2007-10 | ||
| Charles Hofius | corporate officer | 2007-10 | ||
| Cynthia Rastedt | corporate director | 2007-10 | ||
| Erika Altstadt | w-2 managing employee | 2018-10 | ||
| Eugene Jahnke | corporate director | 2010-02 | ||
| Jared Bachelder | corporate director | 2025-02 | ||
| Michael Brasel | corporate director | 2018-06 | ||
| Michael Lee | corporate director | 2025-01 | ||
| Richard Richter | corporate director | 2007-10 | ||
| Spencer Schram | corporate director | 2017-12 | ||
| Sue Huebsch | corporate director | 2024-01 | ||
| Terry Marthaler | corporate director | 2010-02 | ||
| Thomas Meyer | corporate director | 2015-01 | ||
| William Stoderl | corporate officer | 2025-01 | ||
| William Stoderl | w-2 managing employee | 2018-06 |
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 |