Aspirus Stevens Point Hospital
Stevens Point, Portage County, WI
· CCN 520002
Licensed to Aspirus Stevens Point Hospital & Clinics, Inc.
Composite
32.5
rank score
Distress
28
FY2023
Fit
50
vs thesis
Estimated ticket
$8.2M–$16.4M
82 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- occupancy 30-45%
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $201M |
| Operating margin | 28.9% |
| Total margin | 29.4% |
| Days cash on hand | 2 |
| Current ratio | 3.51 |
| Occupancy | 40% |
Facility
| Beds | 82 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 82 | $174M | $-19.4M | -14.0% | -10.9% | 3 | 0.79 | 37% | 2,810 | 86 |
| 2022 | 82 | $146M | $-7.2M | -10.3% | -4.7% | 1 | 2.86 | 38% | 3,349 | 68 |
| 2023 | 82 | $201M | $59.8M | 28.9% | 29.4% | 2 | 3.51 | 40% | 2,715 | 28 |
| 2024 | 82 | — | $-149M | — | — | — | — | 41% | 3,383 | — |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Aspirus, Inc | 5% or greater direct ownership interest | 100 | 2021-08 | |
| Aspirus, Inc | operational/managerial control | 2021-08 | ||
| Bonita Kolrud | corporate director | 2018-09 | ||
| Craig Broeren | corporate director | 2021-09 | ||
| Daniel Burns | corporate director | 2021-09 | ||
| Jennifer Redman-Schell | corporate director | 2021-08 | ||
| Jerry Yang | corporate director | 2024-02 | ||
| Jerry Yang | w-2 managing employee | 2024-02 | ||
| Jerry Yang | operational/managerial control | 2024-02 | ||
| Joshua Pogorelec | corporate director | 2023-09 | ||
| Justin Huebner | corporate director | 2023-09 | ||
| Lori Peck | corporate director | 2021-08 | ||
| Lori Peck | w-2 managing employee | 2021-08 | ||
| Lori Peck | operational/managerial control | 2021-08 | ||
| Lynn Vogt | corporate director | 2023-09 | ||
| Mary Ironside | corporate director | 2017-05 | ||
| Matthew Heywood | corporate officer | 2013-07 | ||
| Matthew Heywood | w-2 managing employee | 2013-07 | ||
| Matthew Heywood | operational/managerial control | 2013-07 | ||
| Michael Bovee | corporate director | 2014-10 | ||
| Michael Holzhueter | corporate director | 2021-08 | ||
| Rebecca Sommer | corporate director | 2021-09 | ||
| Susan Kreckman | corporate director | 2023-09 | ||
| Trina Daniels | corporate director | 2021-08 | ||
| Tyler Hack | corporate director | 2024-02 |
Showing 25 of 27. Full list via /api/targets/520002.
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 WI
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 |
|---|---|---|---|---|
| 2022-04-01 | Columbia St Marys Hospital Milwaukee Inc | Columbia St Mary's Hospital Ozaukee, Inc. | Ascension Columbia St Marys Milwauke | 374 |
| 2018-06-01 | Ascension Se Wisconsin Hospital Inc | Wheaton Franciscan Healthcare -... | Ascension Se Wisconsin Hospital Inc | 301 |