Towner County Medical Center
Cando, Towner County, ND
· CCN 351331
Licensed to Towner County Medical Center Inc
Composite
33.0
rank score
Distress
43
FY2024
Fit
34
vs thesis
Estimated ticket
$1.7M–$3.4M
20 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- 90-150 days cash on hand
- current ratio under 1.5
- debt above 70% of assets
- 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 · FY2024
| Net patient revenue | $13.9M |
| Operating margin | -2.6% |
| Total margin | 6.3% |
| Days cash on hand | 121 |
| Current ratio | 1.16 |
| Occupancy | 10% |
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 | $11.1M | $2.5M | -3.7% | 17.6% | 293 | 2.38 | 16% | 149 | 24 |
| 2022 | 20 | $12.1M | $3.3M | -1.8% | 21.1% | 187 | 3.18 | 12% | 112 | 24 |
| 2023 | 20 | $12.6M | $2.2M | -10.2% | 13.6% | 101 | 1.43 | 14% | 88 | 44 |
| 2024 | 20 | $13.9M | $964K | -2.6% | 6.3% | 121 | 1.16 | 10% | 80 | 43 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Anil Potti | contracted managing employee | 2013-11 | ||
| Anil Potti | operational/managerial control | 2013-11 | ||
| Ben Bucher | corporate officer | 2024-05 | ||
| Ben Bucher | w-2 managing employee | 2015-04 | ||
| Ben Bucher | operational/managerial control | 2015-04 | ||
| Chantel Parker | w-2 managing employee | 2023-08 | ||
| Chantel Parker | operational/managerial control | 2023-08 | ||
| David Wolsky | corporate officer | 2023-11 | ||
| David Wolsky | corporate director | 2008-01 | ||
| Gregory Westlind | corporate officer | 2023-11 | ||
| Gregory Westlind | corporate director | 2005-10 | ||
| John Peters | corporate director | 2012-11 | ||
| Michael Farbo | corporate director | 2010-11 | ||
| Michelle Gibbens | corporate director | 2020-08 | ||
| Randina Bjornstad | corporate director | 2014-11 | ||
| Tammy Larson | corporate officer | 2024-05 | ||
| Tammy Larson | w-2 managing employee | 2008-04 | ||
| Tammy Larson | operational/managerial control | 2008-04 | ||
| Thomas Belzer | corporate officer | 2023-11 | ||
| Thomas Belzer | corporate director | 2005-10 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.