Divine Savior Hospital
dba Aspirus Divine Savior Hospital ·
Portage, Columbia County, WI
· CCN 520041
Licensed to Divine Savior Healthcare Inc
Composite
56.5
rank score
Distress
72
FY2023
Fit
60
vs thesis
Estimated ticket
$14.7M–$58.8M
42 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- occupancy 30-45%
- urban — higher occupancy and iteration surface
- small but workable bed count
- small ticket — deploys little of the available capital
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $20.2M |
| Operating margin | -344.5% |
| Total margin | -293.2% |
| Days cash on hand | 6 |
| Current ratio | 3.06 |
| Occupancy | 33% |
Facility
| Beds | 42 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 43 | $93.3M | $-282K | -8.3% | -0.3% | 48 | 1.54 | 32% | 1,369 | 52 |
| 2022 | 43 | $51.9M | $-46.6M | -87.7% | -91.7% | 189 | 4.53 | 35% | 1,290 | 50 |
| 2023 | 42 | $20.2M | $-67.0M | -344.5% | -293.2% | 6 | 3.06 | 33% | 1,110 | 72 |
| 2024 | 42 | — | $-81.2M | — | — | — | — | 29% | 1,280 | — |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Aspirus, Inc | 5% or greater direct ownership interest | 100 | 2020-01 | |
| Aspirus, Inc | operational/managerial control | 100 | 2020-01 | |
| Bonita Kolrud | corporate director | 2018-09 | ||
| Craig Broeren | corporate director | 2021-09 | ||
| Daniel Burns | corporate director | 2021-09 | ||
| Jennifer Redman-Schell | corporate director | 2022-04 | ||
| Jerry Yang | corporate director | 2024-02 | ||
| Jerry Yang | w-2 managing employee | 2024-02 | ||
| Jerry Yang | operational/managerial control | 2024-02 | ||
| Joshua Pogorelec | corporate director | 2020-01 | ||
| Justin Huebner | corporate director | 2022-04 | ||
| Lori Peck | corporate director | 2021-12 | ||
| Lori Peck | w-2 managing employee | 2021-12 | ||
| Lori Peck | operational/managerial control | 2021-12 | ||
| Lynn Vogt | corporate director | 2020-02 | ||
| Mary Ironside | corporate director | 2017-05 | ||
| Matthew Heywood | corporate officer | 2013-07 | ||
| Matthew Heywood | w-2 managing employee | 2013-07 | ||
| Matthew Heywood | operational/managerial control | 2013-07 | ||
| Michael Bovee | corporate director | 2014-10 | ||
| Michael Holzhueter | w-2 managing employee | 2019-10 | ||
| Rebecca Sommer | corporate director | 2021-09 | ||
| Susan Kreckman | corporate director | 2020-01 | ||
| Trina Daniels | corporate director | 2023-09 | ||
| Tyler Hack | corporate director | 2024-02 |
Showing 25 of 27. Full list via /api/targets/520041.
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 |