Logan Health Chester
dba Logan Health - Chester ·
Chester, Liberty County, MT
· CCN 271334
Licensed to Liberty County Hospital And Nursing Home Inc
Composite
35.6
rank score
Distress
32
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%
- 90-150 days cash on hand
- margin slipping
- 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 · FY2023
| Net patient revenue | $6.2M |
| Operating margin | -34.5% |
| Total margin | 6.7% |
| Days cash on hand | 143 |
| Current ratio | 3.94 |
| Occupancy | 78% |
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 | $6.1M | $751K | -61.2% | 7.1% | 143 | 4.23 | 80% | 22 | 32 |
| 2022 | 25 | $8.2M | $-896K | -28.7% | -9.3% | 98 | 2.69 | 80% | 13 | 49 |
| 2023 | 25 | $6.2M | $598K | -34.5% | 6.7% | 143 | 3.94 | 78% | 15 | 32 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alice Gordon | corporate director | 2023-09 | ||
| Anna Robbins | operational/managerial control | 2023-07 | ||
| Brigid Burke | corporate officer | 2024-05 | ||
| Cherie Taylor | corporate officer | 2023-10 | ||
| Cherie Taylor | w-2 managing employee | 2023-10 | ||
| Clinton Seger | corporate officer | 2023-09 | ||
| Clinton Seger | corporate director | 2023-09 | ||
| Craig Bartholomew | corporate director | 2023-09 | ||
| Ellen Layton | corporate officer | 2024-08 | ||
| Heidi Duncan | corporate director | 2023-09 | ||
| Jane Karas | corporate officer | 2023-09 | ||
| Justin Ott | corporate officer | 2024-08 | ||
| Karla Kulpas | corporate director | 2020-12 | ||
| Keith Cook | corporate director | 2023-09 | ||
| Kirk Skari | corporate director | 2018-11 | ||
| Larry Hendrickson | corporate director | 2017-07 | ||
| Melissa Kaptanian | corporate director | 2024-08 | ||
| Michael Goguen | corporate director | 2023-09 | ||
| Michelle Harris | corporate director | 2023-09 | ||
| Mtwy Health | 5% or greater direct ownership interest | 2022-07 | ||
| Mtwy Health | operational/managerial control | 2022-07 | ||
| Patti Pilgrim | corporate officer | 2023-09 | ||
| Rudy Cicon | corporate director | 2020-12 | ||
| Tim Bronk | corporate director | 2017-12 | ||
| William Gibson | corporate officer | 2022-07 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2022-07-01 | change of ownership | Liberty County Hospital And... | Liberty County Hospital And... |
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 |