Barrett Hospital And Healthcare
dba Barrett Hospital & Healthcare ·
Dillon, Beaverhead County, MT
· CCN 271318
Licensed to Barrett Hospital Development Corporation
Composite
32.3
rank score
Distress
38
FY2024
Fit
38
vs thesis
Estimated ticket
$1.5M–$3.1M
18 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- 60-90 days cash on hand
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $41.3M |
| Operating margin | -4.1% |
| Total margin | 3.0% |
| Days cash on hand | 76 |
| Current ratio | 3.39 |
| Occupancy | 31% |
Facility
| Beds | 18 |
| 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 | 18 | $37.0M | $8.7M | 1.8% | 19.4% | 161 | 2.99 | 35% | 490 | 12 |
| 2022 | 18 | $39.1M | $-375K | -2.6% | -0.9% | 98 | 4.20 | 34% | 466 | 33 |
| 2023 | 18 | $39.9M | $1.5M | -1.5% | 3.6% | 107 | 3.43 | 36% | 473 | 26 |
| 2024 | 18 | $41.3M | $1.3M | -4.1% | 3.0% | 76 | 3.39 | 31% | 355 | 38 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Barrett Hospital Development Corporation | 5% or greater direct ownership interest | 100 | 2016-05 | |
| Healthtech Management Services Inc | operational/managerial control | 5 | 2022-10 | |
| Bonnie Bacon | w-2 managing employee | 2016-07 | ||
| Bonnie Bacon | other | 2016-07 | ||
| Janet Tatarka | corporate officer | 2025-01 | ||
| Lawrence Morrisroe | corporate director | 2016-07 | ||
| Nathan Finch | corporate director | 2016-07 | ||
| Robert Puyear | corporate director | 2016-07 | ||
| Susan Briggs | corporate officer | 2025-01 | ||
| Taylor Rose | contracted managing employee | 2022-10 | ||
| Taylor Rose | corporate officer | 2022-10 | ||
| Taylor Rose | corporate director | 2022-10 | ||
| Tina Giem | corporate officer | 2020-10 | ||
| Tina Giem | w-2 managing employee | 2020-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2016-07-01 | change of ownership | Barrett Hospital Development... | Public Hospital District For... |
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 |