Platte Health Center Inc.
dba Platte Health Center ·
Platte, Charles Mix County, SD
· CCN 431306
Licensed to Platte Community Memorial Hospital Inc
Composite
30.7
rank score
Distress
38
FY2024
Fit
34
vs thesis
Estimated ticket
$1.4M–$2.9M
17 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 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 · FY2024
| Net patient revenue | $18.1M |
| Operating margin | 4.4% |
| Total margin | 16.8% |
| Days cash on hand | 23 |
| Current ratio | 2.79 |
| Occupancy | 14% |
Facility
| Beds | 17 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 17 | $14.5M | $6.6M | -8.4% | 29.7% | 157 | 3.33 | 14% | 151 | 31 |
| 2022 | 17 | $16.7M | $1.6M | 5.0% | 9.2% | 144 | 4.22 | 19% | 179 | 13 |
| 2023 | 17 | $17.1M | $5.5M | 2.4% | 24.9% | 115 | 6.25 | 14% | 161 | 13 |
| 2024 | 17 | $18.1M | $3.5M | 4.4% | 16.8% | 23 | 2.79 | 14% | 151 | 38 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ann Johnson | corporate director | 2018-11 | ||
| Brandi Delange | corporate director | 2018-11 | ||
| Dennis Severson | corporate director | 2022-11 | ||
| Jesse Block | corporate director | 2018-11 | ||
| Jill Gustad | corporate director | 2019-11 | ||
| Jordan Gillen | corporate director | 2025-01 | ||
| Karen Turnis | corporate director | 2020-11 | ||
| Mark Burket | corporate officer | 1996-08 | ||
| Robert Graves | corporate director | 2018-11 | ||
| Travis Tegethoff | corporate director | 2025-01 | ||
| Valerie Kotilinek | w-2 managing employee | 1992-11 | ||
| Vicki Jensen | corporate officer | 2010-05 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.