Philip Health Services Inc
dba Hans P Peterson Memorial Hospital ·
Philip, Haakon County, SD
· CCN 431319
Licensed to Philip Health Services Inc
Composite
23.8
rank score
Distress
19
FY2023
Fit
38
vs thesis
Estimated ticket
$1.5M–$3.1M
18 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 90-150 days cash on hand
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $19.1M |
| Operating margin | 3.5% |
| Total margin | 7.3% |
| Days cash on hand | 133 |
| Current ratio | 5.76 |
| Occupancy | 42% |
Facility
| Beds | 18 |
| 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 | 18 | $14.7M | $3.5M | 2.1% | 19.4% | 233 | 2.06 | 58% | 205 | 2 |
| 2021 | 18 | $15.8M | $3.0M | 5.5% | 16.6% | 164 | 4.90 | 54% | 210 | 2 |
| 2022 | 18 | $17.6M | $1.4M | 1.9% | 7.5% | 9 | 2.23 | 50% | 198 | 31 |
| 2023 | 18 | $19.1M | $1.4M | 3.5% | 7.3% | 133 | 5.76 | 42% | 206 | 19 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Maureen Cadwell | contracted managing employee | 100 | 2023-03 | |
| Christy Willert | corporate director | 2024-04 | ||
| Daniel Rush | corporate director | 2017-04 | ||
| Maureen Cadwell | corporate officer | 2023-03 | ||
| Michael Vetter | corporate director | 2025-04 | ||
| Monument Health Network Inc | operational/managerial control | 2011-10 | ||
| Ray Smith | corporate officer | 2023-04 | ||
| Rita O'connell | corporate director | 2002-05 | ||
| Thor Roseth | corporate director | 2024-04 | ||
| Trisha Larson | corporate director | 2025-04 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.