Sakakawea Medical Center
Hazen, Mercer County, ND
· CCN 351310
Licensed to Hazen Memorial Hospital Association
Composite
23.5
rank score
Distress
22
FY2024
Fit
34
vs thesis
Estimated ticket
$1.1M–$2.2M
13 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- 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 | $16.8M |
| Operating margin | -2.2% |
| Total margin | 20.7% |
| Days cash on hand | 457 |
| Current ratio | 8.67 |
| Occupancy | 26% |
Facility
| Beds | 13 |
| 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 | 13 | $15.2M | $3.9M | -10.6% | 18.9% | 348 | 6.46 | 23% | 98 | 37 |
| 2022 | 13 | $16.0M | $628K | -5.6% | 3.6% | 378 | 8.73 | 27% | 137 | 31 |
| 2023 | 13 | $15.5M | $596K | -5.1% | 3.5% | 418 | 8.49 | 22% | 136 | 31 |
| 2024 | 13 | $16.8M | $4.5M | -2.2% | 20.7% | 457 | 8.67 | 26% | 129 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Daren Eliason | corporate director | 2021-12 | ||
| Donlyn Erickson | corporate director | 2012-03 | ||
| Frederick Stern | corporate director | 2017-11 | ||
| Jesse Krieger | corporate director | 2021-12 | ||
| Kari Cutting | corporate director | 2023-11 | ||
| Kayla Palmer | corporate director | 2024-11 | ||
| Kurt Waldbillig | corporate officer | 2023-11 | ||
| Martha Raad | corporate director | 2021-12 | ||
| Melissa Dillman | corporate officer | 2020-04 | ||
| Melissa Dillman | w-2 managing employee | 2022-02 | ||
| Myria Perry | corporate director | 2004-11 | ||
| Rachel Connolly | corporate director | 2021-12 | ||
| Robin Richter | corporate director | 2012-11 | ||
| Todd Lindquist | corporate director | 2012-11 | ||
| Wayne Hoffner | corporate director | 2021-06 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.