dealflow
envelope $200M

← Targets

Aurora Medical Ctr Sheboygan County

dba Aurora Medical Center Sheboygan County · Sheboygan, Sheboygan County, WI · CCN 520035
Licensed to Aurora Health Care Central, Inc.

Composite
27.2
rank score
Distress
8
FY2023
Fit
59
vs thesis
Estimated ticket
$12.5M–$25.0M
125 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • occupancy 45-60%
  • margin deteriorating
  • rural — cheaper but limited density
  • bed count in the target band
  • small ticket — deploys little of the available capital
  • moderate occupancy
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$253M
Operating margin 14.8%
Total margin 18.7%
Days cash on hand 677
Current ratio 18.28
Occupancy59%

Facility

Beds125
Facility typeSTH
Settingrural
Ownership classnonprofit
Per-bed (low) $100K
Per-bed (high) $200K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 136 $178M $39.7M 16.6% 21.1% 812 11.60 38% 4,822 6
2021 136 $200M $41.9M 17.2% 20.2% 590 14.08 42% 4,872 6
2022 116 $212M $23.3M 7.7% 10.6% 646 10.66 59% 5,279 2
2023 125 $253M $49.4M 14.8% 18.7% 677 18.28 59% 5,853 8

Owners

OwnerRole%SinceType
Advocate Aurora Health, Inc.
Milwaukee, WI
5% or greater indirect ownership interest 100 2018-04
Aurora Health Care Metro, Inc.
Milwaukee, WI
5% or greater direct ownership interest 100 2010-06
Aurora Health Care, Inc.
Milwaukee, WI
5% or greater indirect ownership interest 100 1992-07
Advocate Aurora Health, Inc.
Milwaukee, WI
operational/managerial control 2018-04
Advocate Health Inc
Charlotte, NC
operational/managerial control 2022-12
Aurora Health Care Metro, Inc.
Milwaukee, WI
operational/managerial control 2010-06
Aurora Health Care, Inc.
Milwaukee, WI
operational/managerial control 1992-07
Cathie Kocourek corporate officer 2025-04
Cathie Kocourek w-2 managing employee 2025-04
Desiree Millet w-2 managing employee 2024-10
Gabrielle Finley-Hazle corporate officer 2023-12
Gabrielle Finley-Hazle corporate director 2023-12
Harold Slinkman corporate officer 2025-02
Jessica Bauer corporate officer 2020-01
Kara Richardson corporate officer 2025-02
Kara Richardson w-2 managing employee 2024-10
Lindsay Durgin corporate officer 2025-06
Rachel Halverson corporate officer 2023-06
Rachelle Hart corporate officer 2013-11
Tori Munnik w-2 managing employee 2024-10

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.

DateBuyerSellerHospitalBeds
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