Pioneer Memorial Hospital And Health
dba Pioneer Memorial Hospital ·
Viborg, Turner County, SD
· CCN 431328
Licensed to Pioneer Memorial Hospital & Health Services
Composite
23.6
rank score
Distress
17
FY2023
Fit
40
vs thesis
Estimated ticket
$1.0M–$2.0M
12 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 60-90 days cash on hand
- occupancy below 30%
- urban — higher occupancy and iteration surface
- 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 | $12.8M |
| Operating margin | 4.2% |
| Total margin | 25.5% |
| Days cash on hand | 62 |
| Current ratio | 5.36 |
| Occupancy | 15% |
Facility
| Beds | 12 |
| Facility type | CAH |
| Setting | urban |
| 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 | 12 | $10.3M | $2.6M | -6.6% | 19.0% | 90 | 0.95 | 12% | 72 | 44 |
| 2021 | 12 | $10.8M | $3.7M | -3.2% | 25.1% | 87 | 3.68 | 12% | 58 | 34 |
| 2022 | 12 | $11.5M | $595K | -5.5% | 4.7% | 86 | 5.31 | 12% | 60 | 41 |
| 2023 | 12 | $12.8M | $4.2M | 4.2% | 25.5% | 62 | 5.36 | 15% | 49 | 17 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Pioneer Memorial Hospital & Health Services | 5% or greater direct ownership interest | 100 | 1959-06 | |
| Anne Christiansen | corporate officer | 2002-03 | ||
| Anne Christiansen | w-2 managing employee | 2002-03 | ||
| Chris Poncelet | corporate officer | 2018-01 | ||
| Issac Gerdes | w-2 managing employee | 2024-06 | ||
| Kimberly Larsen | corporate officer | 2018-03 | ||
| Melanie Parsons | corporate officer | 2005-03 | ||
| Paul Christensen | corporate officer | 2007-03 | ||
| Ryan Penning | corporate officer | 2019-03 | ||
| Sharon Jacobsen | w-2 managing employee | 2002-03 | ||
| Tonya Rudd | corporate director | 2019-07 | ||
| Tonya Rudd | w-2 managing employee | 2019-07 | ||
| Troy Lee | corporate director | 2016-03 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.