Presentation Medical Center
dba Smp Health - St. Kateri ·
Rolla, Rolette County, ND
· CCN 351316
Licensed to Presentation Medical Center
Composite
38.0
rank score
Distress
48
FY2023
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- total margin under 2%
- under 30 days cash on hand
- occupancy below 30%
- margin slipping
- 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 | $13.6M |
| Operating margin | -4.2% |
| Total margin | 1.6% |
| Days cash on hand | 2 |
| Current ratio | 2.55 |
| Occupancy | 27% |
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 | $11.7M | $361K | -4.1% | 2.9% | 230 | 1.80 | 32% | 100 | 21 |
| 2021 | 25 | $12.9M | $1.5M | -4.8% | 10.3% | 99 | 4.33 | 27% | 128 | 29 |
| 2022 | 25 | $12.8M | $244K | -9.3% | 1.7% | 73 | 5.43 | 35% | 93 | 41 |
| 2023 | 25 | $13.6M | $232K | -4.2% | 1.6% | 2 | 2.55 | 27% | 76 | 48 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Christopher Albertson | corporate officer | 2017-10 | ||
| Jane Sivertson | corporate director | 2013-10 | ||
| Lori Martinson | w-2 managing employee | 2017-05 | ||
| Paula Wilkie | corporate director | 2010-01 | ||
| Presentation Medical Center | operational/managerial control | 1973-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.