Oakes Community Hospital
dba Chi Oakes Hospital ·
Oakes, Dickey County, ND
· CCN 351315
Licensed to Oakes Community Hospital
Composite
28.1
rank score
Distress
28
FY2024
Fit
34
vs thesis
Estimated ticket
$1.7M–$3.4M
20 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin -10% to -5%
- occupancy below 30%
- part of a multi-hospital chain — divestiture candidate
- 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 | $11.6M |
| Operating margin | -6.7% |
| Total margin | 4.1% |
| Days cash on hand | 183 |
| Current ratio | 1.85 |
| Occupancy | 9% |
Facility
| Beds | 20 |
| 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 | 20 | $11.4M | $52.1K | -0.4% | 0.5% | 289 | 2.58 | 14% | 143 | 28 |
| 2022 | 20 | $10.5M | $-1.1M | -17.2% | -10.1% | 197 | 1.72 | 13% | 148 | 53 |
| 2023 | 20 | $11.0M | $-91.8K | -6.9% | -0.8% | 170 | 8.13 | 10% | 117 | 39 |
| 2024 | 20 | $11.6M | $532K | -6.7% | 4.1% | 183 | 1.85 | 9% | 137 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Commonspirit Health | 5% or greater direct ownership interest | 100 | 1996-07 | chain |
| Amber Stowman | corporate officer | 2018-08 | ||
| Ann Friederichs | corporate director | 2017-01 | ||
| Bethany Smith | corporate officer | 2015-12 | ||
| Bethany Smith | w-2 managing employee | 2015-12 | ||
| Cynthia Klapperich | corporate director | 2013-12 | ||
| Harvey Wolff | corporate director | 2019-07 | ||
| Jeannie Schmaltz | corporate director | 2020-01 | ||
| Lloyd Dean | corporate officer | 2000-06 | ||
| Lorraine Ptacek | corporate director | 2017-01 | ||
| Luann Anderson | corporate director | 2020-01 | ||
| Rebecca Thompson | corporate officer | 2014-05 | ||
| Rebecca Thompson | w-2 managing employee | 2014-05 | ||
| Red Iverson | corporate director | 2020-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.