dealflow
envelope $200M

← Targets

Aurora Medical Center - Hartford

dba Aurora Medical Center Hartford · Hartford, Washington County, WI · CCN 520038
Licensed to Aurora Medical Center Of Washington County Inc

Composite
22.2
rank score
Distress
5
FY2023
Fit
50
vs thesis
Estimated ticket
$3.5M–$7.0M
35 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • occupancy 30-45%
  • 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$80.8M
Operating margin 22.5%
Total margin 23.3%
Days cash on hand 1,115
Current ratio 37.98
Occupancy33%

Facility

Beds35
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 35 $66.9M $13.3M 14.4% 18.9% 915 23.88 36% 1,308 6
2021 35 $74.8M $17.5M 23.1% 23.4% 1,027 21.53 38% 1,154 6
2022 35 $74.7M $15.2M 20.0% 20.2% 1,060 14.35 36% 1,067 6
2023 35 $80.8M $19.0M 22.5% 23.3% 1,115 37.98 33% 1,204 5

Owners

OwnerRole%SinceType
Advocate Aurora Health, Inc.
Milwaukee, WI
5% or greater indirect ownership interest 100 2018-04
Advocate Aurora Health, Inc.
Milwaukee, WI
operational/managerial control 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 1993-09
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 1993-09
Desiree Millet w-2 managing employee 2024-10
Gabrielle Finley-Hazle corporate officer 2023-12
Gabrielle Finley-Hazle corporate director 2023-12
Jessica Bauer corporate officer 2020-01
Jessica Bauer w-2 managing employee 2020-01
Kara Richardson corporate officer 2024-10
Kara Richardson w-2 managing employee 2024-10
Lindsay Durgin corporate officer 2025-06
Rachel Halverson corporate officer 2023-06
Rachelle Hart corporate officer 2013-10
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