Bmrmc
dba Benefis Missouri River Medical Center ·
Fort Benton, MT
· CCN 271304
Licensed to Benefis Community Hospitals Inc
Already transacted. CMS recorded an ownership change effective
2023-07-01. Confirm the current owner before spending a call on this.
Composite
14.3
rank score
Distress
44
FY2023
Fit
53
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- 60-90 days cash on hand
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
- changed ownership 2023-07-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $7.0M |
| Operating margin | -16.8% |
| Total margin | 3.8% |
| Days cash on hand | 89 |
| Current ratio | 4.35 |
| Occupancy | 76% |
Facility
| Beds | 25 |
| 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 | 25 | $6.0M | $3.8M | -9.4% | 36.6% | 182 | 4.04 | 82% | 12 | 22 |
| 2022 | 25 | $6.4M | $645K | -12.7% | 8.2% | 224 | 5.72 | 90% | 8 | 28 |
| 2023 | 25 | $7.0M | $325K | -16.8% | 3.8% | 89 | 4.35 | 76% | 11 | 44 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Benefis Health System, Inc. | operational/managerial control | 100 | 2015-03 | |
| Bruce Houlihan | corporate officer | 2023-07 | ||
| Bruce Houlihan | w-2 managing employee | 2023-07 | ||
| Dale Hanson | corporate director | 2023-10 | ||
| John Goodnow | corporate officer | 2023-07 | ||
| John Goodnow | corporate director | 2023-07 | ||
| John Goodnow | w-2 managing employee | 2023-07 | ||
| Louie King | corporate officer | 2023-07 | ||
| Louie King | corporate director | 2023-07 | ||
| Michael Ohara | corporate director | 2023-07 | ||
| Rayn Ginnaty | corporate officer | 2024-09 | ||
| Rayn Ginnaty | corporate director | 2024-01 | ||
| Ronald Dauwalder | corporate director | 2023-07 | ||
| Susan Murphy | corporate officer | 2023-07 | ||
| Susan Murphy | w-2 managing employee | 2023-07 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2023-07-01 | change of ownership | Benefis Community Hospitals Inc | Chouteau County District Hospital |
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 |