Logan Health Medical Center
Kalispell, MT
· CCN 270051
Licensed to Kalispell Regional Medical Center Inc
Composite
37.4
rank score
Distress
28
FY2023
Fit
62
vs thesis
Estimated ticket
$21.0M–$42.0M
210 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- total margin under 2%
- 30-60 days cash on hand
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $588M |
| Operating margin | 7.7% |
| Total margin | 1.1% |
| Days cash on hand | 40 |
| Current ratio | 3.25 |
| Occupancy | 62% |
Facility
| Beds | 210 |
| 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 | 220 | $282M | $43.0M | -42.3% | 9.7% | 172 | 1.99 | 50% | 7,903 | 30 |
| 2022 | 211 | $308M | $12.5M | -64.7% | 2.4% | 81 | 1.70 | 62% | 8,120 | 38 |
| 2023 | 210 | $588M | $6.2M | 7.7% | 1.1% | 40 | 3.25 | 62% | 7,662 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mtwy Health | 5% or greater direct ownership interest | 100 | 1984-02 | |
| Mtwy Health | operational/managerial control | 100 | 1984-02 | |
| Alice Gordon | corporate director | 2023-09 | ||
| Amy May | corporate director | 2025-02 | ||
| Anna Robbins | w-2 managing employee | 2023-07 | ||
| Anna Robbins | operational/managerial control | 2023-07 | ||
| Benjamin Ward | corporate director | 2025-02 | ||
| Bonnie Matosich | corporate director | 2020-09 | ||
| Brigid Burke | corporate officer | 2024-05 | ||
| Clinton Seger | corporate officer | 2023-09 | ||
| Clinton Seger | corporate director | 2023-09 | ||
| Courtney Stout Paterson | corporate director | 2019-07 | ||
| Craig Bartholomew | corporate director | 2023-09 | ||
| David Dittman | corporate director | 2025-02 | ||
| Donald Bennett | corporate director | 2022-06 | ||
| Edward Stein | corporate director | 2025-02 | ||
| Ellen Layton | corporate officer | 2024-08 | ||
| Heidi Duncan | corporate director | 2023-09 | ||
| Jane Karas | corporate director | 2023-09 | ||
| John Manuel | corporate director | 2025-02 | ||
| Joseph Reger | corporate director | 2025-02 | ||
| Keith Cook | corporate director | 2023-09 | ||
| Kevin Abel | corporate officer | 2024-03 | ||
| Kevin Abel | corporate director | 2024-03 | ||
| Lin Akey | corporate director | 2025-02 |
Showing 25 of 35. Full list via /api/targets/270051.
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2021-01-01 | acquisition/merger | Kalispell Regional Medical Center Inc | Healthcenter Northwest Llc |
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 |