Faulkton Area Medical Center
Faulkton, Faulk County, SD
· CCN 431301
Licensed to Faulkton Area Medical Center
Composite
35.7
rank score
Distress
49
FY2023
Fit
34
vs thesis
Estimated ticket
$1.0M–$2.0M
12 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- 90-150 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $11.0M |
| Operating margin | -7.6% |
| Total margin | -1.2% |
| Days cash on hand | 93 |
| Current ratio | 3.08 |
| Occupancy | 17% |
Facility
| Beds | 12 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 12 | $10.7M | $2.2M | -4.0% | 16.8% | 290 | 1.38 | 24% | 151 | 32 |
| 2021 | 12 | $11.0M | $3.0M | -2.4% | 21.0% | 139 | 4.09 | 22% | 128 | 29 |
| 2022 | 12 | $10.3M | $-581K | -10.3% | -5.4% | 51 | 3.50 | 21% | 151 | 66 |
| 2023 | 12 | $11.0M | $-140K | -7.6% | -1.2% | 93 | 3.08 | 17% | 157 | 49 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Blythe Smith | w-2 managing employee | 2010-11 | ||
| Catherine Frisko-Holsing | corporate director | 2024-03 | ||
| Emily Bauer | corporate officer | 2026-01 | ||
| Emily Bauer | w-2 managing employee | 2026-01 | ||
| Emily Bauer | operational/managerial control | 2026-01 | ||
| Faulkton Area Medical Center | operational/managerial control | 1984-04 | ||
| Gene Holt | corporate director | 2022-01 | ||
| Heather Bode | w-2 managing employee | 2019-07 | ||
| Heather Bode | operational/managerial control | 2019-07 | ||
| James Slunecka | corporate officer | 2023-03 | ||
| James Slunecka | corporate director | 2021-03 | ||
| Jami Huss | corporate director | 2023-04 | ||
| John Miller | corporate director | 2017-10 | ||
| Ryan Melius | corporate officer | 2023-03 | ||
| Ryan Melius | corporate director | 2019-03 | ||
| Sylvia Anderson | corporate director | 2018-08 | ||
| Sylvia Anderson | w-2 managing employee | 2006-08 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.