Sanford Bismarck
dba Sanford ·
Bismarck, Burleigh County, ND
· CCN 350015
Licensed to Sanford Bismarck
Composite
36.0
rank score
Distress
25
FY2023
Fit
62
vs thesis
Estimated ticket
$22.6M–$45.2M
226 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $759M |
| Operating margin | -8.6% |
| Total margin | 12.3% |
| Days cash on hand | — |
| Current ratio | 3.81 |
| Occupancy | 72% |
Facility
| Beds | 226 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 213 | $603M | $82.3M | -3.3% | 11.7% | 2 | 1.87 | 71% | 11,249 | 42 |
| 2021 | 222 | $699M | $88.9M | -1.2% | 11.2% | 0 | 2.58 | 76% | 12,299 | 42 |
| 2022 | 223 | $717M | $88.4M | -5.3% | 10.5% | 0 | 4.86 | 71% | 11,694 | 49 |
| 2023 | 226 | $759M | $116M | -8.6% | 12.3% | — | 3.81 | 72% | 11,950 | 25 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Sanford | 5% or greater indirect ownership interest | 100 | 2010-07 | |
| Sanford West | 5% or greater direct ownership interest | 100 | 2012-07 | |
| Sanford West | 5% or greater indirect ownership interest | 100 | 2010-07 | |
| Andrew North | corporate officer | 2020-01 | ||
| Andrew North | corporate director | 2017-01 | ||
| Brent Teiken | corporate director | 2012-07 | ||
| Dana Dykhouse | corporate director | 2024-01 | ||
| David Shulkin | corporate director | 2024-01 | ||
| Fred Fridley | w-2 managing employee | 2012-10 | ||
| George Brown | corporate officer | 2025-01 | ||
| George Brown | corporate director | 2025-01 | ||
| Jolyn Munson | w-2 managing employee | 2025-04 | ||
| Kevin Schieffer | corporate director | 2025-01 | ||
| Lauris Molbert | corporate officer | 2024-01 | ||
| Lauris Molbert | corporate director | 2021-01 | ||
| Leigh Thompson | w-2 managing employee | 2024-05 | ||
| Mark Lundeen | corporate director | 2014-12 | ||
| Marnie Ventling-Herrmann | corporate officer | 2024-01 | ||
| Marnie Ventling-Herrmann | corporate director | 2022-01 | ||
| Maureen Mccausland | corporate director | 2025-01 | ||
| Mubashir Badar | w-2 managing employee | 2022-04 | ||
| Neil Gulsvig | corporate director | 2019-03 | ||
| Nicholas Olson | w-2 managing employee | 2024-04 | ||
| Stephanie Herseth Sandlin | corporate director | 2024-01 | ||
| Thomas Wenzel | corporate director | 2025-01 |
Showing 25 of 31. Full list via /api/targets/350015.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.