Mercy Medical Center
dba Chi St Alexius Health Williston ·
Williston, Williams County, ND
· CCN 351334
Licensed to Mercy Medical Center
Composite
53.8
rank score
Distress
75
FY2024
Fit
50
vs thesis
Estimated ticket
$1.5M–$3.0M
25 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 under 1.5
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $83.0M |
| Operating margin | -20.3% |
| Total margin | -8.3% |
| Days cash on hand | 0 |
| Current ratio | 1.02 |
| Occupancy | 51% |
Facility
| Beds | 25 |
| 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 | 25 | $83.1M | $4.6M | -6.0% | 5.0% | 54 | 1.58 | 55% | 1,555 | 41 |
| 2022 | 25 | $86.5M | $-3.2M | -9.7% | -3.5% | 27 | 1.15 | 62% | 1,633 | 60 |
| 2023 | 25 | $85.2M | $-7.1M | -14.2% | -7.9% | 0 | 1.67 | 53% | 1,580 | 64 |
| 2024 | 25 | $83.0M | $-7.6M | -20.3% | -8.3% | 0 | 1.02 | 51% | 1,533 | 75 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brandon Price | corporate officer | 2016-10 | ||
| Commonspirit Health | 5% or greater direct ownership interest | 2008-02 | ||
| Daniel Bjerknes | corporate director | 2017-09 | ||
| Daniel Bjerknes | w-2 managing employee | 2017-09 | ||
| Jeffrey Drop | corporate director | 2012-01 | ||
| John Giese | corporate director | 2016-05 | ||
| Joseph Ruark | corporate officer | 2014-06 | ||
| Joseph Ruark | w-2 managing employee | 2014-06 | ||
| Kevin Dahmen | corporate officer | 2017-01 | ||
| Kurt Schley | corporate director | 2016-05 | ||
| Leslie Oliver | corporate director | 2016-05 | ||
| Michael Cassidy | corporate officer | 2016-10 | ||
| Michael Lefor | corporate director | 2016-05 | ||
| Nancy Miller | corporate director | 2016-05 | ||
| Patrick Sogard | corporate director | 2016-05 | ||
| Tessa Marburger | corporate officer | 2016-10 | ||
| Timothy Bopp | corporate director | 2016-05 | ||
| Todd Preszler | corporate officer | 2016-10 | ||
| Vernon Dosch | corporate director | 2016-05 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.