Ascension Columbia St Marys Milwauke
dba Ascension Columbia St. Mary's Hospital ·
Milwaukee, Milwaukee County, WI
· CCN 520051
Licensed to Columbia St Marys Hospital Milwaukee Inc
Composite
57.9
rank score
Distress
69
FY2024
Fit
67
vs thesis
Estimated ticket
$31.8M–$63.6M
374 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio under 1.5
- margin deteriorating
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $521M |
| Operating margin | -20.6% |
| Total margin | -12.7% |
| Days cash on hand | 0 |
| Current ratio | 1.26 |
| Occupancy | 62% |
Facility
| Beds | 374 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 273 | $493M | $-48.2M | -16.0% | -9.0% | 1 | 1.18 | 74% | 11,695 | 70 |
| 2022 | 378 | $520M | $-101M | -26.1% | -17.8% | 0 | 1.21 | 71% | 11,464 | 70 |
| 2023 | 382 | $524M | $-205M | -12.3% | -35.1% | 0 | 1.60 | 56% | 12,098 | 69 |
| 2024 | 374 | $521M | $-70.8M | -20.6% | -12.7% | 0 | 1.26 | 62% | 13,950 | 69 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andre Storey | w-2 managing employee | 2023-12 | ||
| Andre Storey | operational/managerial control | 2023-12 | ||
| Ascension Health | operational/managerial control | 2005-07 | ||
| Columbia St. Mary's, Inc | operational/managerial control | 2001-10 | ||
| David Miller | corporate director | 2026-01 | ||
| John Joyce | w-2 managing employee | 2022-04 | ||
| John Joyce | operational/managerial control | 2022-04 | ||
| John Rowe | corporate director | 2026-01 | ||
| Kristin Mcmanmon | corporate director | 2026-01 | ||
| Kurt Schley | corporate director | 2026-01 | ||
| Michael Mccullough | corporate officer | 2024-10 | ||
| Michael Mccullough | w-2 managing employee | 2024-10 | ||
| Michael Mccullough | operational/managerial control | 2024-10 | ||
| Rexanne Braun | w-2 managing employee | 2019-07 | ||
| Robin Barten | w-2 managing employee | 2024-11 | ||
| Scott Cihak | corporate officer | 2025-07 | ||
| Scott Cihak | w-2 managing employee | 2025-07 | ||
| Scott Cihak | operational/managerial control | 2026-04 | ||
| Stephanie Hietpas | w-2 managing employee | 2024-11 | ||
| Susan Rabe | corporate director | 2026-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2022-04-01 | acquisition/merger | Columbia St Marys Hospital... | Columbia St Mary's Hospital... |
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 |