St Luke Community Hospital
Ronan, Lake County, MT
· CCN 271325
Licensed to St Lukes Community Hospital
Composite
22.9
rank score
Distress
11
FY2023
Fit
45
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin under 2%
- occupancy 30-45%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $48.3M |
| Operating margin | 0.2% |
| Total margin | 16.4% |
| Days cash on hand | 274 |
| Current ratio | 8.94 |
| Occupancy | 41% |
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 | $38.0M | $6.1M | -9.5% | 12.8% | 206 | 5.61 | 42% | 688 | 28 |
| 2021 | 25 | $42.4M | $9.1M | -4.1% | 16.7% | 236 | 6.95 | 45% | 696 | 21 |
| 2022 | 25 | $41.8M | $-8.5M | -9.9% | -18.5% | 250 | 6.95 | 38% | 696 | 44 |
| 2023 | 25 | $48.3M | $9.5M | 0.2% | 16.4% | 274 | 8.94 | 41% | 696 | 11 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| August Pavlock | corporate director | 2012-07 | ||
| Holly Castor | corporate director | 1992-01 | ||
| Jennifer Mcginnis | corporate director | 1992-01 | ||
| Leah Emerson | corporate director | 2022-01 | ||
| Martin Olsson | corporate director | 1989-01 | ||
| Philip Grainey | corporate director | 1986-01 | ||
| Steven Todd | corporate director | 2013-09 | ||
| Steven Todd | w-2 managing employee | 2005-09 |
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 |