New Ulm Medical Center
New Ulm, Brown County, MN
· CCN 241378
Licensed to Allina Health System
Composite
32.5
rank score
Distress
34
FY2023
Fit
43
vs thesis
Estimated ticket
$2.0M–$4.1M
24 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $134M |
| Operating margin | 6.4% |
| Total margin | 10.3% |
| Days cash on hand | 0 |
| Current ratio | -0.14 |
| Occupancy | 47% |
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 | $111M | $12.1M | 1.6% | 10.0% | 0 | 1.42 | 47% | 1,391 | 34 |
| 2021 | 24 | $126M | $14.7M | 7.6% | 11.2% | 0 | -0.15 | 53% | 1,500 | 38 |
| 2022 | 24 | $129M | $11.7M | 4.2% | 8.7% | 0 | -0.15 | 52% | 1,508 | 38 |
| 2023 | 24 | $134M | $14.4M | 6.4% | 10.3% | 0 | -0.14 | 47% | 1,468 | 34 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amy Ronneberg | corporate director | 2021-03 | ||
| Barbara Williams | corporate director | 2021-03 | ||
| Brian Mcgrane | corporate director | 2024-06 | ||
| Carisa Buegler | corporate officer | 2026-01 | ||
| Challis Lowe | corporate director | 2022-06 | ||
| Chanda Baker | corporate director | 2024-02 | ||
| Daniel O'laughlin | corporate director | 2022-01 | ||
| Debbra Schoneman | corporate director | 2013-06 | ||
| Dominica Tallarico | corporate officer | 2024-03 | ||
| James Kolar | corporate director | 2024-09 | ||
| Jennifer Alstad | corporate director | 2021-03 | ||
| John Church | corporate director | 2021-09 | ||
| Joshua Shepherd | corporate officer | 2025-10 | ||
| Laura Gillund | corporate director | 2021-03 | ||
| Lisa Shannon | corporate director | 2022-01 | ||
| Louis King | corporate director | 2021-03 | ||
| Marna Borgstrom | corporate director | 2025-06 | ||
| Maykao Hang | corporate director | 2021-03 | ||
| Melinda Estes | corporate director | 2025-06 | ||
| Patricia Schirmers | corporate director | 2003-05 | ||
| Roger Newcome | corporate director | 2016-05 | ||
| Roger Newcome | w-2 managing employee | 2016-05 | ||
| Ruth Williams-Brinkley | corporate director | 2023-09 | ||
| Shari Ballard | corporate director | 2021-03 | ||
| Shawn Ulreich | corporate director | 2024-09 |
Showing 25 of 28. Full list via /api/targets/241378.
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 |