St. Elizabeth Hosp. Of Wabasha Inc.
dba Gundersen St Elizabeth's Hospital And Clinics ·
Wabasha, Wabasha County, MN
· CCN 241335
Licensed to Saint Elizabeths Hospital Of Wabasha Inc
Composite
35.4
rank score
Distress
35
FY2023
Fit
49
vs thesis
Estimated ticket
$1.2M–$2.4M
14 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- 60-90 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very small facility
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $31.5M |
| Operating margin | -1.9% |
| Total margin | 3.0% |
| Days cash on hand | 85 |
| Current ratio | 4.25 |
| Occupancy | 48% |
Facility
| Beds | 14 |
| 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 | 14 | $19.3M | $3.7M | 25.2% | 17.5% | 89 | 1.89 | 23% | 70 | 19 |
| 2021 | 14 | $38.5M | $614K | -9.3% | 1.4% | 20 | 2.75 | 26% | 125 | 57 |
| 2022 | 14 | $38.1M | $660K | -7.3% | 1.5% | 27 | 3.27 | 36% | 110 | 53 |
| 2023 | 14 | $31.5M | $1.1M | -1.9% | 3.0% | 85 | 4.25 | 48% | 127 | 35 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bellin Gundersen Health System Inc | 5% or greater indirect ownership interest | 100 | 2022-11 | |
| Bellin Gundersen Health System Inc | operational/managerial control | 100 | 2022-11 | |
| Gundersen Lutheran Health System Inc | 5% or greater direct ownership interest | 100 | 2020-09 | |
| Gundersen Lutheran Health System Inc | operational/managerial control | 100 | 2020-09 | |
| Beverly Youngbauer | corporate director | 2023-01 | ||
| Cindy Denk | corporate director | 2012-10 | ||
| Daniel Coenen | corporate director | 2024-01 | ||
| Emily Durand | corporate director | 2023-01 | ||
| James Root | corporate director | 2020-09 | ||
| James Root | w-2 managing employee | 2007-01 | ||
| John Wolfe | corporate officer | 1992-01 | ||
| John Wolfe | w-2 managing employee | 1992-01 | ||
| Michael Ebersold | corporate director | 2016-07 | ||
| Paul Fisch | corporate director | 2020-09 | ||
| Paul Mclellan | corporate director | 2026-01 | ||
| Reece Rykal | corporate director | 2025-01 | ||
| Richard Vaplon | corporate director | 2026-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in MN
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2023-01-01 | Centracare Health - Benson Llc | Swift County-Benson Hospital | Centracare - Benson | 11 |
| 2021-07-01 | Welia Health | County Of Kanabec | Welia Health | 25 |
| 2020-05-01 | Healthpartners Rc | Renville County | Olivia Hospital And Clinics | 16 |
| 2020-01-01 | Avera Granite Falls | Granite Falls Municipal Hospital And Manor | Avera Granite Falls | 25 |
| 2019-01-01 | Carris Health - Redwood Llc | Redwood Area Hospital | Carris Health-Redwood Llc | 14 |
| 2018-01-01 | Mayo Clinic Health... | Mayo Clinic Health System - Waseca | Mayo Clinic Health System - Waseca | 15 |
| 2018-01-01 | Mayo Clinic Health... | Mayo Clinic Health System - New Prague | Mayo Clinic Health Sys - New Prague | 20 |
| 2018-01-01 | Mayo Clinic Health... | Mayo Clinic Health System-Cannon Falls | Cannon Falls Medical Center - Mayo | 15 |
| 2016-08-01 | Cuyuna Regional Medical Center | Cuyuna Range Hospital District | Cuyuna Regional Medical Center | 25 |