Ascension Ne Wisconsin-St. Elizabeth
dba Ascension Ne Wisconsin-St Elizabeth Campus ·
Appleton, Outagamie County, WI
· CCN 520009
Licensed to Ascension Ne Wisconsin, Inc
Composite
52.0
rank score
Distress
56
FY2024
Fit
67
vs thesis
Estimated ticket
$122M–$488M
287 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- current ratio under 1.5
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size at the top of the envelope — would need leverage
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $356M |
| Operating margin | -2.0% |
| Total margin | -0.5% |
| Days cash on hand | 0 |
| Current ratio | 1.30 |
| Occupancy | 47% |
Facility
| Beds | 287 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 261 | $360M | $57.5M | 12.7% | 15.5% | 0 | 1.14 | 54% | 11,190 | 28 |
| 2022 | 274 | $377M | $33.2M | 7.4% | 8.7% | 0 | 1.10 | 54% | 10,946 | 28 |
| 2023 | 287 | $364M | $16.4M | 0.9% | 4.3% | 0 | 1.51 | 50% | 10,715 | 31 |
| 2024 | 287 | $356M | $-1.8M | -2.0% | -0.5% | 0 | 1.30 | 47% | 10,323 | 56 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andre Storey | corporate director | 2026-01 | ||
| Ascension Health | operational/managerial control | 2016-03 | ||
| Daniel Jackson | corporate officer | 2024-01 | ||
| Daniel Jackson | w-2 managing employee | 2024-01 | ||
| Daniel Jackson | operational/managerial control | 2024-01 | ||
| David Miller | corporate director | 2024-07 | ||
| John Rowe | corporate director | 2018-07 | ||
| Kristin Mcmanmon | corporate director | 2026-01 | ||
| Kurt Schley | corporate director | 2026-01 | ||
| Michael Bergmann | w-2 managing employee | 2021-01 | ||
| Michael Bergmann | operational/managerial control | 2021-01 | ||
| Michael Mccullough | corporate officer | 2024-10 | ||
| Michael Mccullough | w-2 managing employee | 2024-10 | ||
| Michael Mccullough | operational/managerial control | 2024-10 | ||
| Ministry Health Care Inc | operational/managerial control | 2012-02 | ||
| Rexanne Braun | w-2 managing employee | 2019-07 | ||
| Robin Barten | w-2 managing employee | 2024-11 | ||
| Stephanie Hietpas | w-2 managing employee | 2024-11 |
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 |