Northern Montana Hospital
Havre, Hill County, MT · CCN 270032
Composite
36.9
rank score
Distress
41
FY2023
Fit
46
vs thesis
Estimated ticket
$4.9M–$9.8M
49 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- 60-90 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- 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 | $93.3M |
| Operating margin | -4.7% |
| Total margin | 2.4% |
| Days cash on hand | 77 |
| Current ratio | 5.68 |
| Occupancy | 22% |
Facility
| Beds | 49 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 49 | $74.0M | $11.3M | 1.5% | 13.4% | 200 | 3.48 | 24% | 1,004 | 16 |
| 2022 | 49 | $73.2M | $998K | -0.5% | 1.3% | 158 | 4.48 | 22% | 1,002 | 28 |
| 2023 | 49 | $93.3M | $2.4M | -4.7% | 2.4% | 77 | 5.68 | 22% | 1,116 | 41 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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 MT
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 |
|---|---|---|---|---|
| 2021-01-01 | Kalispell Regional Medical Center Inc | Healthcenter Northwest Llc | Logan Health Medical Center | 210 |
| 2016-01-01 | Bozeman Health Deaconess Hospital | Bozeman Deaconess Health Services | Bozeman Deaconess Health Services | 139 |