Sanford Medical Center Clear Lake
dba Sanford Clear Lake Medical Center ·
Clear Lake, Deuel County, SD
· CCN 431307
Licensed to Sanford Health Network
Composite
20.0
rank score
Distress
10
FY2023
Fit
34
vs thesis
Estimated ticket
$850K–$1.7M
10 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- occupancy below 30%
- part of a multi-hospital chain — divestiture candidate
- 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 | $7.8M |
| Operating margin | 10.1% |
| Total margin | 18.6% |
| Days cash on hand | — |
| Current ratio | 27.64 |
| Occupancy | 28% |
Facility
| Beds | 10 |
| 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 | 10 | $6.9M | $1.1M | 8.3% | 14.4% | 0 | 3.58 | 29% | 75 | 31 |
| 2021 | 10 | $7.4M | $1.5M | 10.7% | 18.3% | 0 | -114.18 | 29% | 57 | 44 |
| 2022 | 10 | $8.2M | $1.9M | 13.9% | 21.1% | 0 | 11.26 | 38% | 87 | 28 |
| 2023 | 10 | $7.8M | $1.6M | 10.1% | 18.6% | — | 27.64 | 28% | 55 | 10 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Sanford | 5% or greater indirect ownership interest | 100 | 2009-11 | chain |
| Sanford Health | 5% or greater direct ownership interest | 100 | 2008-07 | |
| Andrew North | corporate officer | 2015-12 | ||
| Andrew North | corporate director | 2015-12 | ||
| Brent Teiken | corporate director | 2014-12 | ||
| Dana Dykhouse | corporate director | 2024-01 | ||
| David Shulkin | corporate director | 2024-01 | ||
| Eric Vanden Hull | w-2 managing employee | 2022-09 | ||
| George Brown | corporate officer | 2025-01 | ||
| George Brown | corporate director | 2025-01 | ||
| Jolyn Munson | w-2 managing employee | 2025-04 | ||
| Jon Pociask | corporate officer | 2025-08 | ||
| Jon Pociask | w-2 managing employee | 2025-08 | ||
| Kevin Schieffer | corporate director | 2025-01 | ||
| Lauris Molbert | corporate director | 2021-01 | ||
| Mark Lundeen | corporate director | 2014-12 | ||
| Marnie Ventling-Herrmann | corporate director | 2022-01 | ||
| Maureen Mccausland | corporate director | 2025-01 | ||
| Michael Wilde | w-2 managing employee | 2024-05 | ||
| Neil Gulsvig | corporate director | 2019-03 | ||
| Nicholas Olson | w-2 managing employee | 2024-04 | ||
| Stephanie Herseth Sandlin | corporate director | 2024-01 | ||
| Thomas Wenzel | corporate director | 2025-01 | ||
| Tony Morrison | w-2 managing employee | 2020-01 | ||
| Wesley Engbrecht | corporate director | 2021-01 |
Showing 25 of 27. Full list via /api/targets/431307.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.