St. Clare Hospital
dba Ssm Health St. Clare Hospital Baraboo ·
Baraboo, Sauk County, WI
· CCN 520057
Licensed to Ssm Health Care Of Wisconsin Inc
Composite
36.7
rank score
Distress
37
FY2023
Fit
50
vs thesis
Estimated ticket
$4.3M–$8.6M
43 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- 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 | $73.2M |
| Operating margin | 12.6% |
| Total margin | 23.6% |
| Days cash on hand | 0 |
| Current ratio | 0.13 |
| Occupancy | 40% |
Facility
| Beds | 43 |
| 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 | 43 | $59.8M | $13.6M | -0.4% | 18.4% | 1 | -0.97 | 37% | 1,780 | 57 |
| 2021 | 43 | $72.1M | $19.2M | 13.6% | 23.5% | 0 | -2.10 | 37% | 1,553 | 49 |
| 2022 | 43 | $86.6M | $23.8M | 25.1% | 26.9% | 0 | 0.20 | 39% | 1,536 | 41 |
| 2023 | 43 | $73.2M | $19.8M | 12.6% | 23.6% | 0 | 0.13 | 40% | 1,638 | 37 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ssm Health Care Corporation | 5% or greater direct ownership interest | 100 | 2000-01 | |
| James Fuller | corporate director | 2022-01 | ||
| Jennifer Maskel | corporate director | 2022-01 | ||
| Joan Karsten | corporate director | 2022-01 | ||
| Joseph Minerath | corporate officer | 2015-07 | ||
| Joseph Minerath | w-2 managing employee | 2015-07 | ||
| Katie Kennedy | corporate director | 2020-03 | ||
| Kyle Nondorf | w-2 managing employee | 2021-10 | ||
| Laura Kaiser | corporate officer | 2017-06 | ||
| Mark Covaleski | corporate director | 2017-01 | ||
| Rhea Emmer | corporate director | 2022-01 | ||
| Sue Anderson | corporate director | 2022-01 | ||
| Theodore Miller | corporate director | 2022-01 | ||
| Wayne Matzke | corporate director | 2022-01 | ||
| Wesley Sparkman | corporate director | 2017-01 |
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 |