Wheatland Memorial Healthcare
Harlowton, Wheatland County, MT
· CCN 271321
Licensed to Wheatland Memorial Healthcare
Composite
20.9
rank score
Distress
2
FY2023
Fit
50
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- occupancy 45-60%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $11.0M |
| Operating margin | 3.6% |
| Total margin | 9.9% |
| Days cash on hand | 197 |
| Current ratio | 13.12 |
| Occupancy | 57% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $6.7M | $455K | -17.6% | 5.5% | 150 | 1.33 | 76% | 12 | 31 |
| 2021 | 25 | $6.5M | $2.3M | -29.3% | 21.5% | 256 | 1.16 | 56% | 4 | 33 |
| 2022 | 25 | $10.4M | $1.5M | 8.4% | 13.6% | 238 | 9.12 | 52% | 28 | 2 |
| 2023 | 25 | $11.0M | $1.2M | 3.6% | 9.9% | 197 | 13.12 | 57% | 36 | 2 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Adam Jones | corporate director | 2021-01 | ||
| Donald Amundson | corporate director | 2007-01 | ||
| Donna Neste | corporate officer | 2023-10 | ||
| Donna Neste | w-2 managing employee | 2023-10 | ||
| Jane Moe | corporate officer | 2018-04 | ||
| Julie Berg | corporate director | 2020-09 | ||
| Paxton Wojtowick | corporate director | 2021-02 | ||
| Richard Moe | corporate director | 2019-12 |
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 |