Community Memorial Hospital
Burke, Gregory County, SD
· CCN 431309
Licensed to Community Memorial Hospital Inc
Composite
33.0
rank score
Distress
43
FY2023
Fit
34
vs thesis
Estimated ticket
$1.4M–$2.7M
16 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- 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 | $6.8M |
| Operating margin | -14.1% |
| Total margin | 5.1% |
| Days cash on hand | 412 |
| Current ratio | 11.96 |
| Occupancy | 18% |
Facility
| Beds | 16 |
| 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 | 16 | $5.8M | $1.5M | -11.9% | 19.1% | 418 | 3.07 | 22% | 121 | 37 |
| 2021 | 16 | $6.1M | $3.1M | -15.0% | 30.3% | 397 | 9.79 | 15% | 137 | 37 |
| 2022 | 16 | $6.6M | $895K | -11.5% | 10.7% | 453 | 7.21 | 18% | 101 | 37 |
| 2023 | 16 | $6.8M | $418K | -14.1% | 5.1% | 412 | 11.96 | 18% | 121 | 43 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Clayton Steele | corporate director | 2011-04 | ||
| Dillon Lambley | corporate director | 2023-07 | ||
| Douglas Spitzenberger | corporate director | 2019-03 | ||
| Jason Mosterd | corporate director | 2021-07 | ||
| Karen Martin | corporate director | 2007-04 | ||
| Larry Shepperd | corporate director | 2022-07 | ||
| Lynne Bentz | w-2 managing employee | 2017-12 | ||
| Michael Karbo | corporate director | 2006-04 | ||
| Mistie Drey | corporate officer | 2015-09 | ||
| Mistie Drey | w-2 managing employee | 2015-09 | ||
| Rachelle Norberg | corporate director | 2019-04 | ||
| Rebecca Jones | corporate director | 2018-04 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.