Lakeview Medical Center Of Rice Lake
dba Marshfield Medical Center - Rice Lake ·
Rice Lake, Barron County, WI
· CCN 520011
Licensed to Lakeview Medical Center Inc Of Rice Lake
Composite
37.6
rank score
Distress
35
FY2023
Fit
50
vs thesis
Estimated ticket
$4.0M–$8.0M
40 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- occupancy 30-45%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $153M |
| Operating margin | 2.7% |
| Total margin | 3.3% |
| Days cash on hand | 0 |
| Current ratio | 2.70 |
| Occupancy | 40% |
Facility
| Beds | 40 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 40 | $154M | $21.1M | 10.5% | 13.2% | 56 | 3.72 | 41% | 1,790 | 22 |
| 2021 | 40 | $151M | $9.9M | -2.5% | 5.9% | 14 | 0.43 | 44% | 1,679 | 68 |
| 2022 | 40 | $137M | $-10.7M | -12.0% | -7.5% | 15 | 9.66 | 44% | 1,452 | 68 |
| 2023 | 40 | $153M | $5.0M | 2.7% | 3.3% | 0 | 2.70 | 40% | 1,545 | 35 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mchs Hospitals Inc | 5% or greater direct ownership interest | 100 | 2014-02 | |
| Sanford | 5% or greater indirect ownership interest | 100 | 2025-01 | chain |
| Brian Hoerneman | corporate officer | 2023-04 | ||
| Brian Hoerneman | corporate director | 2023-09 | ||
| Dennis Smith | corporate director | 2025-01 | ||
| Douglas Mathison | corporate director | 2020-12 | ||
| Edward Fernandez | corporate officer | 2025-01 | ||
| Edward Fernandez | corporate director | 2023-09 | ||
| Everett Newcomb | corporate director | 2024-09 | ||
| Jeffrey Poppen | corporate officer | 2025-06 | ||
| Jeffrey Poppen | w-2 managing employee | 2025-06 | ||
| John Baltus | corporate officer | 2023-09 | ||
| John Baltus | corporate director | 2016-02 | ||
| Jolyn Munson | w-2 managing employee | 2025-01 | ||
| Linda Procci | corporate director | 2025-02 | ||
| Marshfield Clinic Health System Inc | 5% or greater indirect ownership interest | 2014-02 | ||
| Nicholas Olson | w-2 managing employee | 2025-01 | ||
| Samantha Klebe | corporate director | 2023-09 | ||
| Samantha Klebe | w-2 managing employee | 2025-01 | ||
| Tony Morrison | w-2 managing employee | 2025-01 |
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 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 |