Vibra Hospital Of Central Dakotas L
dba Vibra Hospital Of Central Dakotas ·
Mandan, Morton County, ND
· CCN 352005
Licensed to Vibra Hospital Of Central Dakotas Llc
Composite
35.0
rank score
Distress
28
FY2024
Fit
56
vs thesis
Estimated ticket
$12.3M–$49.2M
41 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- under 30 days cash on hand
- occupancy below 30%
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- small but workable bed count
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $24.1M |
| Operating margin | 62.6% |
| Total margin | 62.6% |
| Days cash on hand | 0 |
| Current ratio | 7.05 |
| Occupancy | 28% |
Facility
| Beds | 41 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $300K |
| Per-bed (high) | $1.2M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 41 | $13.1M | $3.8M | 26.2% | 28.3% | 0 | -0.08 | 42% | 194 | 41 |
| 2022 | 41 | $11.9M | $2.1M | 16.7% | 17.3% | 1 | -0.06 | 42% | 227 | 41 |
| 2023 | 41 | $11.8M | $2.6M | 21.9% | 21.9% | 0 | -0.10 | 40% | 247 | 41 |
| 2024 | 41 | $24.1M | $15.1M | 62.6% | 62.6% | 0 | 7.05 | 28% | 125 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Credit Suisse Ag | 5% or greater security interest | 100 | 2020-07 | |
| Brad Hollinger | 5% or greater indirect ownership interest | 77 | 2013-09 | |
| Brad Hollinger | corporate officer | 2013-09 | ||
| David Hauck | corporate officer | 2018-10 | ||
| Kelly Hollinger | corporate officer | 2020-03 | ||
| Scott Schneider | w-2 managing employee | 2019-12 | ||
| Trisha Niemuth | corporate officer | 2022-01 | ||
| Vibra Management, Llc | other | 2013-09 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.