Logan Health Cutbank
dba Logan Health - Cut Bank ·
Cutbank, Glacier County, MT
· CCN 271337
Licensed to Northern Rockies Medical Center Inc
Composite
35.3
rank score
Distress
42
FY2023
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin -10% to -5%
- 90-150 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $10.5M |
| Operating margin | -9.6% |
| Total margin | 7.8% |
| Days cash on hand | 135 |
| Current ratio | 6.13 |
| Occupancy | 8% |
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 | 20 | $7.9M | $2.1M | -7.5% | 19.5% | 261 | 1.80 | 11% | 100 | 31 |
| 2021 | 20 | $6.4M | $1.8M | 6.0% | 23.0% | 491 | 6.76 | 17% | 55 | 9 |
| 2022 | 20 | $8.2M | $1.0M | -11.6% | 10.3% | 121 | 22.19 | 12% | 71 | 41 |
| 2023 | 25 | $10.5M | $983K | -9.6% | 7.8% | 135 | 6.13 | 8% | 71 | 42 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mtwy Health | 5% or greater direct ownership interest | 100 | 2021-06 | |
| Mtwy Health | operational/managerial control | 100 | 2021-06 | |
| Alice Gordon | corporate director | 2023-09 | ||
| Anna Robbins | operational/managerial control | 2023-07 | ||
| Brigid Burke | corporate officer | 2024-05 | ||
| Chelsey Brown | corporate director | 2024-11 | ||
| Cherie Taylor | corporate officer | 2010-11 | ||
| Cherie Taylor | w-2 managing employee | 2010-11 | ||
| Clinton Seger | corporate officer | 2023-09 | ||
| Clinton Seger | corporate director | 2023-09 | ||
| Craig Bartholomew | corporate director | 2023-09 | ||
| Ellen Layton | corporate officer | 2024-08 | ||
| Gail Davis | corporate director | 2016-05 | ||
| Heidi Duncan | corporate director | 2023-09 | ||
| Jane Karas | corporate director | 2023-09 | ||
| Justin Ott | corporate officer | 2024-08 | ||
| Keith Cook | corporate director | 2023-09 | ||
| Linda Luther | corporate director | 2017-05 | ||
| Mark Haemig | corporate director | 2016-05 | ||
| Melissa Kaptanian | corporate director | 2024-08 | ||
| Michael Goguen | corporate director | 2023-09 | ||
| Michelle Harris | corporate director | 2023-09 | ||
| Patti Pilgrim | corporate officer | 2025-01 | ||
| Richard Gannon | corporate director | 2017-05 | ||
| Rick Billman | corporate director | 2007-05 |
Showing 25 of 28. Full list via /api/targets/271337.
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2021-06-01 | change of ownership | Northern Rockies Medical Center Inc | Northern Rockies Medical Center Inc |
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 |