Sanford Medical Center Vermillion
dba Sanford Vermillion Medical Center ·
Vermillion, Clay County, SD
· CCN 431336
Licensed to Sanford Health Network
Composite
29.0
rank score
Distress
28
FY2023
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- occupancy below 30%
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $33.7M |
| Operating margin | 10.0% |
| Total margin | 15.8% |
| Days cash on hand | 0 |
| Current ratio | 9.54 |
| Occupancy | 22% |
Facility
| Beds | 25 |
| 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 | 25 | $25.9M | $3.5M | 5.0% | 12.3% | 7 | 152.29 | 24% | 243 | 31 |
| 2021 | 25 | $30.2M | $5.4M | 9.7% | 16.6% | 0 | 4.31 | 22% | 256 | 31 |
| 2022 | 25 | $32.0M | $4.5M | 8.3% | 13.2% | 0 | 28.46 | 23% | 280 | 31 |
| 2023 | 25 | $33.7M | $5.7M | 10.0% | 15.8% | 0 | 9.54 | 22% | 255 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Sanford | 5% or greater indirect ownership interest | 100 | 2010-07 | |
| Sanford Health | 5% or greater direct ownership interest | 100 | 2007-08 | |
| Andrew North | corporate officer | 2015-12 | ||
| Andrew North | corporate director | 2015-12 | ||
| Brent Teiken | corporate director | 2013-01 | ||
| 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 | corporate officer | 2024-04 | ||
| Nicholas Olson | w-2 managing employee | 2024-04 | ||
| Stephanie Herseth Sandlin | corporate director | 2024-01 | ||
| Thomas Wenzel | corporate director | 2025-01 | ||
| Tony Morrison | corporate officer | 2020-01 |
Showing 25 of 29. Full list via /api/targets/431336.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.