St Alexius Medical Center
dba Chi St. Alexius Health ·
Bismarck, Burleigh County, ND
· CCN 350002
Licensed to St Alexius Medical Center
Composite
63.3
rank score
Distress
74
FY2024
Fit
75
vs thesis
Estimated ticket
$55.0M–$220M
157 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $221M |
| Operating margin | -56.7% |
| Total margin | -30.5% |
| Days cash on hand | 0 |
| Current ratio | -9.18 |
| Occupancy | 57% |
Facility
| Beds | 157 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 157 | $232M | $-87.8M | -48.8% | -34.2% | 0 | -0.69 | 55% | 7,768 | 93 |
| 2022 | 157 | $249M | $-51.3M | -28.7% | -19.1% | 0 | -2.20 | 57% | 6,785 | 93 |
| 2023 | 157 | $231M | $-70.9M | -38.1% | -28.5% | 0 | -4.33 | 55% | 5,431 | 82 |
| 2024 | 157 | $221M | $-80.7M | -56.7% | -30.5% | 0 | -9.18 | 57% | 5,651 | 74 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Commonspirit Health | 5% or greater direct ownership interest | 2014-10 | ||
| Evert Kuiper | corporate director | 2022-01 | ||
| John Giese | corporate director | 2007-12 | ||
| John Mongeon | corporate director | 2018-10 | ||
| Kevin Dahmen | corporate director | 2018-07 | ||
| Marvin O'quinn | other | 2022-08 | ||
| Michael Lefor | corporate director | 2016-04 | ||
| Mike Weisbeck | corporate director | 2019-11 | ||
| Nancy Miller | corporate director | 2008-05 | ||
| Nicole Kunze | corporate director | 2020-08 | ||
| Reed Reyman | corporate officer | 2022-12 | ||
| Reed Reyman | operational/managerial control | 2022-12 | ||
| Syed Shiraz Hyder | corporate officer | 2018-10 | ||
| Timothy Bopp | corporate director | 2018-07 | ||
| Todd Preszler | corporate director | 2016-10 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.