Brookings Health System
Brookings, Brookings County, SD
· CCN 430008
Licensed to City Of Brookings
Composite
20.8
rank score
Distress
8
FY2023
Fit
43
vs thesis
Estimated ticket
$4.9M–$9.8M
49 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- occupancy below 30%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $80.1M |
| Operating margin | 8.2% |
| Total margin | 17.4% |
| Days cash on hand | 156 |
| Current ratio | 4.37 |
| Occupancy | 27% |
Facility
| Beds | 49 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 49 | $74.4M | $9.2M | -5.6% | 10.5% | 94 | 1.22 | 23% | 1,044 | 39 |
| 2021 | 49 | $76.6M | $21.2M | 10.6% | 23.6% | 108 | 1.87 | 25% | 1,159 | 13 |
| 2022 | 49 | $79.1M | $296K | 4.5% | 0.4% | 105 | 2.74 | 27% | 1,312 | 17 |
| 2023 | 49 | $80.1M | $15.5M | 8.2% | 17.4% | 156 | 4.37 | 27% | 1,352 | 8 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| City Of Brookings | 5% or greater direct ownership interest | 2010-06 | ||
| Jason Merkley | corporate officer | 2011-12 | ||
| Melissa Wagner | corporate officer | 2018-09 | ||
| Melissa Wagner | w-2 managing employee | 2018-09 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.