dealflow
envelope $200M

← Targets

St. Charles Med Ctr - Prineville

dba St. Charles Prineville · Prineville, Crook County, OR · CCN 381313
Licensed to St Charles Health System Inc

Composite
18.7
rank score
Distress
3
FY2023
Fit
43
vs thesis
Estimated ticket
$1.4M–$2.7M
16 beds · within envelope
Ownership
nonprofit
CAH

Why it ranks here

  • occupancy 45-60%
  • rural — cheaper but limited density
  • very small facility
  • very small ticket — sub-scale as a platform asset
  • moderate occupancy
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$70.9M
Operating margin 28.6%
Total margin 31.0%
Days cash on hand
Current ratio
Occupancy48%

Facility

Beds16
Facility typeCAH
Settingrural
Ownership classnonprofit
Per-bed (low) $85.0K
Per-bed (high) $170K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 16 $40.4M $9.6M 12.8% 23.2% 52% 433 4
2021 16 $50.8M $16.9M 19.2% 31.6% 65% 576 0
2022 16 $54.4M $17.5M 20.0% 30.9% 54% 586 4
2023 16 $70.9M $22.7M 28.6% 31.0% 48% 534 3

Owners

OwnerRole%SinceType
St Charles Health System Inc
Bend, OR
operational/managerial control 100 2008-01
Ann Rhoads corporate director 2021-01
Daniel Schuette corporate director 2007-11
James Orlikoff corporate director 2018-01
Jarvis Sam corporate director 2022-01
Jennifer Schmid corporate director 2019-08
Jenny Obrien corporate director 2022-01
John Terhes corporate director 2019-08
Matthew Swafford corporate officer 2021-06
Steven Gordon corporate director 2022-07
Steven Gordon w-2 managing employee 2022-07

Ownership changes

No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.