Pioneer Medical Center
Big Timber, Sweetgrass County, MT
· CCN 271313
Licensed to Pioneer Medical Center
Composite
52.7
rank score
Distress
70
FY2024
Fit
53
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 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
Latest financials · FY2024
| Net patient revenue | $10.6M |
| Operating margin | -31.2% |
| Total margin | -8.6% |
| Days cash on hand | 29 |
| Current ratio | 3.71 |
| Occupancy | 80% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $9.5M | $3.8M | -18.2% | 25.3% | 183 | 2.72 | 78% | 89 | 28 |
| 2022 | 25 | $9.2M | $-651K | -30.4% | -5.7% | 81 | 2.34 | 84% | 73 | 50 |
| 2023 | 25 | $10.7M | $1.4M | -18.0% | 10.2% | 89 | 5.11 | 86% | 86 | 38 |
| 2024 | 25 | $10.6M | $-1.1M | -31.2% | -8.6% | 29 | 3.71 | 80% | 64 | 70 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Pioneer Medical Center | 5% or greater direct ownership interest | 100 | 2016-07 | |
| Brandi Schweigert | corporate director | 2021-01 | ||
| Brendan Burns | corporate officer | 2022-02 | ||
| Brendan Burns | w-2 managing employee | 2022-02 | ||
| Chad Miller | corporate director | 2021-01 | ||
| Corey Austin | corporate director | 2023-07 | ||
| Daniel Wichman | corporate director | 2024-06 | ||
| Ian Peterson | corporate officer | 2020-11 | ||
| Ian Peterson | w-2 managing employee | 2020-11 | ||
| Matthew Mcmanamen | corporate director | 2022-06 | ||
| Patrick Mcconnell | corporate officer | 2021-01 | ||
| Stacy Donald | corporate director | 2024-06 | ||
| William Wallace | corporate director | 2021-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2016-07-01 | change of ownership | Pioneer Medical Center | County Of Sweet Grass |
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 |