Northeast Montana Healthcare-Poplar
dba Poplar Community Hospital ·
Poplar, Roosevelt County, MT
· CCN 271300
Licensed to Northeast Montana Health Services Inc
Composite
32.5
rank score
Distress
42
FY2024
Fit
34
vs thesis
Estimated ticket
$1.7M–$3.4M
20 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin -10% to -5%
- 90-150 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $11.0M |
| Operating margin | -8.0% |
| Total margin | 5.3% |
| Days cash on hand | 101 |
| Current ratio | 3.39 |
| Occupancy | 6% |
Facility
| Beds | 20 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 20 | $10.2M | $11.8M | 1.7% | 25.1% | 749 | 2.75 | 18% | 157 | 16 |
| 2022 | 20 | $13.3M | $2.9M | 19.0% | 7.2% | 729 | 3.35 | 15% | 160 | 9 |
| 2023 | 20 | $12.7M | $1.6M | 4.8% | 3.8% | 490 | 3.15 | 12% | 186 | 9 |
| 2024 | 20 | $11.0M | $2.3M | -8.0% | 5.3% | 101 | 3.39 | 6% | 163 | 42 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dallas O'connor | corporate director | 2020-07 | ||
| Daniel Moudree | corporate director | 2020-07 | ||
| Debra Mcgowan | corporate director | 2019-07 | ||
| Roger Fisher | corporate officer | 2017-07 | ||
| Roger Fisher | w-2 managing employee | 2017-07 | ||
| Shane Gibson | corporate director | 2011-06 | ||
| Steven Hackley | corporate director | 2020-07 | ||
| Tiffany Smith | corporate officer | 2024-02 | ||
| Tiffany Smith | w-2 managing employee | 2024-02 | ||
| Victoria Matejovsky | corporate director | 2019-07 |
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 |
|---|---|---|---|---|
| 2023-07-01 | Benefis Community Hospitals Inc | Chouteau County District Hospital | Bmrmc | 25 |
| 2022-07-01 | Liberty County Hospital And... | Liberty County Hospital And... | Logan Health Chester | 25 |
| 2021-06-01 | Logan Health - Conrad | Logan Health - Conrad | Logan Health Conrad | 20 |
| 2021-06-01 | Northern Rockies Medical Center Inc | Northern Rockies Medical Center Inc | Logan Health Cutbank | 25 |
| 2021-05-09 | Logan Health - Shelby | Toole County | Logan Health Shelby | 21 |
| 2016-07-01 | Pioneer Medical Center | County Of Sweet Grass | Pioneer Medical Center | 25 |
| 2016-07-01 | Barrett Hospital Development Corporation | Public Hospital District For... | Barrett Hospital And Healthcare | 18 |