Sanford Mayville
dba Sanford Medical Center Mayville ·
Mayville, Traill County, ND
· CCN 351309
Licensed to Sanford Health Network North
Composite
20.9
rank score
Distress
10
FY2023
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- occupancy below 30%
- 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 · FY2023
| Net patient revenue | $13.1M |
| Operating margin | 5.3% |
| Total margin | 19.1% |
| Days cash on hand | — |
| Current ratio | 13.10 |
| Occupancy | 16% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $10.7M | $1.9M | 4.5% | 15.8% | 0 | -6.91 | 18% | 143 | 44 |
| 2021 | 25 | $11.1M | $1.3M | 0.6% | 10.5% | 0 | 19.19 | 16% | 131 | 38 |
| 2022 | 25 | $12.8M | $1.4M | 2.7% | 10.2% | 0 | 88.08 | 19% | 133 | 31 |
| 2023 | 25 | $13.1M | $2.9M | 5.3% | 19.1% | — | 13.10 | 16% | 108 | 10 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Sanford | 5% or greater indirect ownership interest | 100 | 2010-07 | |
| Sanford North | 5% or greater direct ownership interest | 100 | 2011-03 | |
| 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 | ||
| Douglas Griffin | w-2 managing employee | 2022-09 | ||
| 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 | ||
| Kristin Herrmann | w-2 managing employee | 2022-04 | ||
| Lauris Molbert | corporate officer | 2024-01 | ||
| Lauris Molbert | corporate director | 2021-01 | ||
| 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 | ||
| Neil Gulsvig | corporate director | 2019-03 | ||
| Nicholas Olson | w-2 managing employee | 2024-04 | ||
| Stephanie Herseth Sandlin | corporate director | 2024-01 | ||
| Susan Jarvis | corporate officer | 2023-01 | ||
| Susan Jarvis | w-2 managing employee | 2023-01 | ||
| Thomas Wenzel | corporate director | 2025-01 |
Showing 25 of 29. Full list via /api/targets/351309.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.