Fairview Bethesda Hospital
Saint Paul, Ramsey County, MN
· CCN 242004
Licensed to Fairview Bethesda Hospital
Composite
58.5
rank score
Distress
82
FY2023
Fit
54
vs thesis
Estimated ticket
$5.0M–$20.2M
24 beds ·
within envelope
Ownership
nonprofit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $30.9M |
| Operating margin | -31.8% |
| Total margin | -11.8% |
| Days cash on hand | 26 |
| Current ratio | 0.05 |
| Occupancy | 92% |
Facility
| Beds | 24 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $210K |
| Per-bed (high) | $840K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 15 | $13.6M | $-6.2M | -60.9% | -39.6% | 0 | 1.57 | 78% | 162 | 67 |
| 2022 | 24 | $15.5M | $-10.1M | -71.3% | -61.0% | 0 | 0.53 | 87% | 155 | 91 |
| 2023 | 24 | $30.9M | $-4.3M | -31.8% | -11.8% | 26 | 0.05 | 92% | 195 | 82 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Barclay Berdan | corporate director | 2019-10 | ||
| David Levy | corporate director | 2021-01 | ||
| James Hereford | corporate director | 2017-06 | ||
| Jodi Richard | corporate director | 2019-01 | ||
| Joe Gaylord | corporate officer | 2022-12 | ||
| Joe Gaylord | w-2 managing employee | 2022-12 | ||
| John Heinmiller | corporate director | 2017-07 | ||
| Julie Causey | corporate director | 2011-12 | ||
| Karen Richard | corporate director | 2025-01 | ||
| Kenneth Roering | corporate director | 2017-06 | ||
| Maureen Ring | corporate director | 2022-12 | ||
| Maureen Ring | w-2 managing employee | 2022-12 | ||
| Melissa Geller | corporate director | 2019-10 | ||
| Michael Connly | corporate director | 2017-06 | ||
| Paul Hill | corporate director | 2022-01 | ||
| Shawntera Hardy | corporate director | 2021-01 | ||
| Srijoy Mahapatra | corporate director | 2026-01 | ||
| Stephen Swensen | corporate director | 2021-02 | ||
| Tami Reller | corporate director | 2025-01 | ||
| Timothy Marx | corporate director | 2017-06 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.