Nelson County Health System-Hospital
Mcville, Nelson County, ND · CCN 351308
Composite
27.6
rank score
Distress
31
FY2024
Fit
34
vs thesis
Estimated ticket
$1.6M–$3.2M
19 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- 60-90 days cash on hand
- occupancy below 30%
- rural — cheaper but limited density
- very small facility
- 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 | $9.0M |
| Operating margin | -1.8% |
| Total margin | 15.4% |
| Days cash on hand | 77 |
| Current ratio | 8.42 |
| Occupancy | 11% |
Facility
| Beds | 19 |
| 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 | 19 | $5.7M | $126K | -33.5% | 1.2% | 124 | 1.12 | 8% | 19 | 52 |
| 2022 | 19 | $6.8M | $462K | -19.8% | 5.3% | 103 | 5.33 | 10% | 42 | 41 |
| 2023 | 19 | $7.2M | $-828K | -24.9% | -10.2% | 53 | 6.61 | 7% | 45 | 70 |
| 2024 | 19 | $9.0M | $1.7M | -1.8% | 15.4% | 77 | 8.42 | 11% | 34 | 31 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.