St. Lukes Hospital
Crosby, Divide County, ND
· CCN 351325
Licensed to St Lukes Hospital
Composite
59.5
rank score
Distress
94
FY2024
Fit
43
vs thesis
Estimated ticket
$1.2M–$2.4M
20 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 below 0.8
- liabilities exceed assets
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $7.1M |
| Operating margin | -75.0% |
| Total margin | -54.1% |
| Days cash on hand | 0 |
| Current ratio | 0.46 |
| Occupancy | 49% |
Facility
| Beds | 20 |
| 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 | 15 | $7.3M | $2.0M | -58.1% | 14.5% | 133 | 1.57 | 22% | 94 | 46 |
| 2022 | 20 | $8.0M | $-1.8M | -26.6% | -18.9% | 44 | 1.95 | 51% | 101 | 68 |
| 2023 | 20 | $8.1M | $1.5M | -23.5% | 13.3% | 57 | 11.39 | 57% | 83 | 47 |
| 2024 | 20 | $7.1M | $-4.4M | -75.0% | -54.1% | 0 | 0.46 | 49% | 79 | 94 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mark Holm | corporate director | 0 | 2014-01 | |
| Art Schilke | corporate director | 2010-11 | ||
| Jerry King | corporate director | 2024-03 | ||
| Jody Nelson | corporate officer | 2016-11 | ||
| Jody Nelson | w-2 managing employee | 2016-11 | ||
| Jody Nelson | operational/managerial control | 2016-11 | ||
| Kjell Vassen | corporate director | 2024-03 | ||
| Loren Johnson | corporate officer | 2024-03 | ||
| Rebecca Knudson | corporate officer | 2024-03 | ||
| Sandra Simonson | corporate director | 2010-07 | ||
| Wanda Ely | corporate director | 2010-07 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.