Central Montana Medical Center
Lewistown, Fergus County, MT
· CCN 271345
Licensed to Central Montana Medical Facilities Inc
Composite
25.9
rank score
Distress
21
FY2024
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin under 2%
- 90-150 days cash on hand
- occupancy below 30%
- margin slipping
- 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 · FY2024
| Net patient revenue | $52.0M |
| Operating margin | 1.6% |
| Total margin | 14.4% |
| Days cash on hand | 146 |
| Current ratio | 5.08 |
| Occupancy | 25% |
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 | 23 | $38.1M | $8.0M | -14.5% | 15.5% | 91 | 2.41 | 33% | 479 | 38 |
| 2022 | 25 | $42.9M | $-382K | -7.5% | -0.8% | 68 | 2.56 | 23% | 413 | 49 |
| 2023 | 25 | $43.0M | $2.2M | -12.0% | 4.3% | 105 | 3.37 | 23% | 394 | 41 |
| 2024 | 25 | $52.0M | $8.6M | 1.6% | 14.4% | 146 | 5.08 | 25% | 396 | 21 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amy Miller | corporate officer | 2025-02 | ||
| Ashley Morris | corporate director | 2019-10 | ||
| Central Montana Medical Facilities Inc | operational/managerial control | 2007-08 | ||
| Christopher Goulet | corporate director | 2022-10 | ||
| Cody Langbehn | corporate officer | 2020-08 | ||
| Cody Langbehn | w-2 managing employee | 2020-08 | ||
| Jennifer Saunders | corporate director | 2025-02 | ||
| Joe Eckhardt | corporate director | 2025-02 | ||
| Karen Durbin | corporate director | 2018-10 | ||
| Megan Bartel | corporate director | 2022-06 | ||
| Megan Skiff | corporate director | 2026-01 | ||
| Melody Montgomery | corporate director | 2020-10 | ||
| Michael Sura | corporate director | 2015-05 | ||
| Ryan D'autremont | corporate director | 2020-10 | ||
| Tamara Welsh | corporate director | 2015-10 | ||
| Vicki Plagenz | corporate director | 2025-02 |
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 |