Pembina County Memorial Hospital
dba County Memorial Hospital ·
Cavalier, Pembina County, ND
· CCN 351319
Licensed to Pembina County Memorial Hospital Association
Composite
32.5
rank score
Distress
42
FY2023
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%
- 90-150 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- 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 · FY2023
| Net patient revenue | $17.6M |
| Operating margin | -5.2% |
| Total margin | 4.2% |
| Days cash on hand | 96 |
| Current ratio | 3.66 |
| Occupancy | 11% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 20 | $16.0M | $2.6M | -9.3% | 12.9% | 144 | 1.79 | 11% | 173 | 36 |
| 2021 | 20 | $18.3M | $4.2M | -6.3% | 16.7% | 97 | 3.84 | 13% | 188 | 36 |
| 2022 | 20 | $17.7M | $1.6M | -3.7% | 7.7% | 102 | 4.53 | 13% | 170 | 29 |
| 2023 | 20 | $17.6M | $890K | -5.2% | 4.2% | 96 | 3.66 | 11% | 155 | 42 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Duane Deraas | corporate director | 2018-09 | ||
| George Wright | corporate director | 2019-07 | ||
| Gordon Johnson | corporate director | 2021-06 | ||
| Katie Mcdonald | corporate officer | 2019-05 | ||
| Katie Mcdonald | w-2 managing employee | 2019-05 | ||
| Kenneth Schwandt | corporate director | 2010-08 | ||
| Kulvinder Sumra | corporate director | 2010-08 | ||
| Lisa Letexier | corporate officer | 2016-06 | ||
| Lisa Letexier | w-2 managing employee | 2016-06 | ||
| Lisa Letexier | operational/managerial control | 2016-06 | ||
| Nicole Safranski | corporate director | 2016-03 | ||
| Susan Thompson | corporate director | 2021-01 | ||
| Thomas Vaughn | corporate director | 2010-08 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.