Community Memorial Hospital
Redfield, Spink County, SD
· CCN 431316
Licensed to City Of Redfield
Composite
32.3
rank score
Distress
38
FY2023
Fit
38
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- occupancy below 30%
- margin slipping
- 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 | $16.9M |
| Operating margin | -5.1% |
| Total margin | -1.4% |
| Days cash on hand | 172 |
| Current ratio | 4.68 |
| Occupancy | 19% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| 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 | 23 | $12.4M | $-168K | -14.6% | -1.2% | 206 | 2.41 | 17% | 237 | 49 |
| 2021 | 23 | $14.6M | $6.1M | -1.0% | 29.4% | 210 | 8.90 | 17% | 238 | 24 |
| 2022 | 25 | $15.4M | $110K | -5.6% | 0.7% | 197 | 8.15 | 20% | 302 | 34 |
| 2023 | 25 | $16.9M | $-244K | -5.1% | -1.4% | 172 | 4.68 | 19% | 280 | 38 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| City Of Redfield | 5% or greater direct ownership interest | 100 | 1966-11 | |
| Eric Schueth | corporate director | 2020-07 | ||
| Joseph Lutter | corporate director | 2020-06 | ||
| Joseph Morrissette | corporate director | 2020-05 | ||
| Karen Sjurseth | corporate officer | 2021-01 | ||
| Karen Sjurseth | corporate director | 2021-01 | ||
| Karen Sjurseth | w-2 managing employee | 2021-01 | ||
| Kristine Wren | corporate director | 2020-07 | ||
| Lynn Brace | corporate director | 2020-06 | ||
| Randall Maddox | corporate director | 2019-08 | ||
| Willard Schwartz | corporate director | 2020-05 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.