Jacobson Memorial Hospital
Elgin, Grant County, ND
· CCN 351314
Licensed to Jacobson Memorial Hospital Care Center
Composite
54.1
rank score
Distress
73
FY2024
Fit
53
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio under 1.5
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $8.4M |
| Operating margin | -64.3% |
| Total margin | -18.7% |
| Days cash on hand | 24 |
| Current ratio | 1.22 |
| Occupancy | 68% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $10.3M | $1.5M | -8.0% | 11.7% | 123 | 2.44 | 92% | 205 | 27 |
| 2022 | 25 | $11.1M | $-788K | -18.0% | -6.4% | 18 | 2.46 | 76% | 158 | 62 |
| 2023 | 35 | $9.0M | $-2.1M | -44.6% | -19.4% | 22 | 2.10 | 49% | 105 | 69 |
| 2024 | 25 | $8.4M | $-2.2M | -64.3% | -18.7% | 24 | 1.22 | 68% | 33 | 73 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ann Hertz | corporate director | 2014-11 | ||
| Dave Marion | corporate director | 2023-02 | ||
| Dennis Rivinius | corporate director | 2023-02 | ||
| Dennis Sabin | corporate director | 2018-11 | ||
| Joann Schatz | corporate director | 2019-11 | ||
| Kristin Heid | corporate officer | 2023-06 | ||
| Kristin Heid | operational/managerial control | 2023-06 | ||
| Leona Zemliska | corporate director | 2023-02 | ||
| Matt Hager | corporate director | 2025-02 | ||
| Patrick Diehl | corporate director | 2018-11 | ||
| Ronald Bartz | corporate director | 2013-11 | ||
| Stephanie Labrie | w-2 managing employee | 2023-09 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.