Pam Rehabilitation Hospital Of Fargo
Fargo, Cass County, ND
· CCN 353026
Licensed to Pam Cubed Rehabilitation Hospital Of Fargo Llc
Composite
44.0
rank score
Distress
27
FY2023
Fit
75
vs thesis
Estimated ticket
$13.7M–$54.6M
42 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- under 30 days cash on hand
- debt above 85% of assets
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- small but workable bed count
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $29.2M |
| Operating margin | 21.6% |
| Total margin | 24.3% |
| Days cash on hand | 3 |
| Current ratio | 1.51 |
| Occupancy | 96% |
Facility
| Beds | 42 |
| Facility type | RH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $325K |
| Per-bed (high) | $1.3M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 40 | $3.1M | $-3.4M | -112.7% | -112.7% | 17 | -5.27 | 16% | 145 | 100 |
| 2021 | 42 | $20.9M | $3.1M | 12.8% | 14.5% | 1 | 0.78 | 79% | 985 | 36 |
| 2022 | 42 | $26.6M | $6.0M | 19.0% | 21.8% | 2 | 1.24 | 95% | 1,257 | 33 |
| 2023 | 42 | $29.2M | $7.3M | 21.6% | 24.3% | 3 | 1.51 | 96% | 1,249 | 27 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Pam Cubed Llc | 5% or greater direct ownership interest | 100 | 2020-10 | chain |
| Anthony Misitano | corporate officer | 2020-10 | ||
| Brittany Misitano | 5% or greater indirect ownership interest | 2020-10 | ||
| Brittany Misitano | corporate officer | 2020-10 | ||
| Corey Langerud | w-2 managing employee | 2025-08 | ||
| Karick Stober | corporate officer | 2020-10 | ||
| Wells Fargo Bank, N.a. | 5% or greater security interest | 2024-07 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-10-01 | change of ownership | Pam Cubed Rehabilitation... | Cobalt Rehabilitation Hospital... |
Who has been buying in ND
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2020-10-01 | Pam Cubed Rehabilitation Hospital... | Cobalt Rehabilitation Hospital Fargo Llc | Pam Rehabilitation Hospital Of Fargo | 42 |