Northern Montana Hospital
Havre, Hill County, MT
· CCN 271348
Licensed to Northern Montana Hospital
Composite
30.2
rank score
Distress
20
FY2024
Fit
53
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- 90-150 days cash on hand
- 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 · FY2024
| Net patient revenue | $73.2M |
| Operating margin | -1.2% |
| Total margin | 5.9% |
| Days cash on hand | 149 |
| Current ratio | 6.32 |
| Occupancy | 61% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 25 | $73.2M | $4.7M | -1.2% | 5.9% | 149 | 6.32 | 61% | 836 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andrew Carlson | corporate director | 2010-10 | ||
| Christen Obresley | operational/managerial control | 2015-01 | ||
| David Leeds | corporate director | 1991-10 | ||
| Debra Healy | corporate director | 2014-10 | ||
| Jennifer Patrick | corporate director | 2022-03 | ||
| Karen Lien | corporate director | 2013-10 | ||
| Kevin Harada | corporate officer | 2025-04 | ||
| Kim Lucke | w-2 managing employee | 2000-07 | ||
| Kirsten Kammerzell | corporate director | 2016-10 | ||
| Miles Hamilton | corporate director | 1992-10 | ||
| Paul Tuss | corporate director | 2009-10 | ||
| Richard Stevens | corporate director | 2013-10 |
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 |