Waukesha Memorial Hospital
Waukesha, Waukesha County, WI
· CCN 520008
Licensed to Prohealth Waukesha Memorial Hospital, Inc.
Composite
37.4
rank score
Distress
28
FY2023
Fit
62
vs thesis
Estimated ticket
$132M–$530M
265 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size well above the envelope
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $541M |
| Operating margin | 0.5% |
| Total margin | 3.9% |
| Days cash on hand | 13 |
| Current ratio | 1.74 |
| Occupancy | 52% |
Facility
| Beds | 265 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 240 | $498M | $5.9M | 4.5% | 1.2% | 29 | 1.73 | 59% | 12,566 | 28 |
| 2021 | 240 | $530M | $96.4M | 11.0% | 17.0% | 43 | 1.94 | 65% | 12,288 | 17 |
| 2022 | 270 | $546M | $41.8M | 3.2% | 7.3% | 28 | 2.24 | 61% | 11,910 | 22 |
| 2023 | 265 | $541M | $22.0M | 0.5% | 3.9% | 13 | 1.74 | 52% | 11,895 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andrew Gutierrez | corporate officer | 100 | 2021-12 | |
| Prohealth Care Inc | 5% or greater direct ownership interest | 100 | 2012-09 | |
| Susan Edwards | corporate officer | 100 | 2012-03 | |
| Gary Beyer | corporate officer | 2016-09 | ||
| John Hallet | corporate officer | 2016-09 | ||
| Thomas Johnson | w-2 managing employee | 2015-08 |
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 |