Sanford Hillsboro
dba Sanford Medical Center Hillsboro ·
Hillsboro, Traill County, ND
· CCN 351329
Licensed to Sanford Health Network North
Composite
51.7
rank score
Distress
81
FY2023
Fit
38
vs thesis
Estimated ticket
$952K–$1.9M
16 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- liabilities exceed assets
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $14.1M |
| Operating margin | -17.9% |
| Total margin | -4.5% |
| Days cash on hand | 1 |
| Current ratio | 2.20 |
| Occupancy | 42% |
Facility
| Beds | 16 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 16 | $12.6M | $355K | -12.6% | 2.5% | 0 | 4.30 | 42% | 44 | 67 |
| 2021 | 16 | $14.2M | $423K | -9.6% | 2.6% | 1 | 1.07 | 40% | 86 | 64 |
| 2022 | 16 | $15.4M | $1.6M | 2.2% | 9.4% | 1 | 4.23 | 39% | 54 | 39 |
| 2023 | 16 | $14.1M | $-723K | -17.9% | -4.5% | 1 | 2.20 | 42% | 74 | 81 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Sanford | 5% or greater indirect ownership interest | 100 | 2013-01 | |
| Sanford North | 5% or greater direct ownership interest | 100 | 2011-03 | |
| Andrew North | corporate officer | 2020-01 | ||
| Andrew North | corporate director | 2017-01 | ||
| Brent Teiken | corporate director | 2012-07 | ||
| Dana Dykhouse | corporate director | 2024-01 | ||
| David Shulkin | corporate director | 2024-01 | ||
| Douglas Griffin | w-2 managing employee | 2022-09 | ||
| George Brown | corporate officer | 2025-01 | ||
| George Brown | corporate director | 2025-01 | ||
| Jolyn Munson | w-2 managing employee | 2025-04 | ||
| Kevin Schieffer | corporate director | 2025-01 | ||
| Kristin Herrmann | w-2 managing employee | 2022-04 | ||
| Lauris Molbert | corporate officer | 2024-01 | ||
| Lauris Molbert | corporate director | 2021-01 | ||
| Mark Lundeen | corporate director | 2014-12 | ||
| Marnie Ventling-Herrmann | corporate officer | 2024-01 | ||
| Marnie Ventling-Herrmann | corporate director | 2022-01 | ||
| Maureen Mccausland | corporate director | 2025-01 | ||
| Neil Gulsvig | corporate director | 2019-03 | ||
| Nicholas Olson | w-2 managing employee | 2024-04 | ||
| Stephanie Herseth Sandlin | corporate director | 2024-01 | ||
| Susan Jarvis | corporate officer | 2023-01 | ||
| Susan Jarvis | w-2 managing employee | 2023-01 | ||
| Thomas Wenzel | corporate director | 2025-01 |
Showing 25 of 29. Full list via /api/targets/351329.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.