Memorial Hospital Of Burlington
dba Aurora Medical Center Burlington ·
Burlington, Racine County, WI
· CCN 520059
Licensed to Aurora Health Care Southern Lakes, Inc.
Composite
31.5
rank score
Distress
0
FY2023
Fit
74
vs thesis
Estimated ticket
$16.5M–$66.0M
33 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- small but workable bed count
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $132M |
| Operating margin | 20.4% |
| Total margin | 22.3% |
| Days cash on hand | 804 |
| Current ratio | 13.27 |
| Occupancy | 78% |
Facility
| Beds | 33 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 37 | $96.7M | $17.3M | 7.6% | 16.2% | 849 | 20.79 | 58% | 1,965 | 2 |
| 2021 | 37 | $116M | $25.0M | 19.2% | 21.1% | 1,137 | 18.13 | 64% | 1,913 | 0 |
| 2022 | 33 | $119M | $19.8M | 15.3% | 16.4% | 840 | 24.64 | 84% | 2,078 | 0 |
| 2023 | 33 | $132M | $30.1M | 20.4% | 22.3% | 804 | 13.27 | 78% | 2,172 | 0 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Advocate Aurora Health, Inc. | 5% or greater indirect ownership interest | 100 | 2018-04 | |
| Advocate Aurora Health, Inc. | operational/managerial control | 100 | 2018-04 | |
| Aurora Health Care, Inc. | 5% or greater direct ownership interest | 100 | 1996-03 | chain |
| Advocate Health Inc | operational/managerial control | 2022-12 | ||
| Ania Horner | w-2 managing employee | 2022-09 | ||
| Aurora Health Care, Inc. | operational/managerial control | 1996-03 | chain | |
| 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 | 2023-09 | ||
| Jamie Campbell | corporate officer | 2025-04 | ||
| Jennifer Schomberg | corporate officer | 2025-04 | ||
| Jennifer Schomberg | corporate director | 2025-04 | ||
| Jessica Bauer | corporate director | 2020-01 | ||
| Kara Richardson | w-2 managing employee | 2024-10 | ||
| Lindsay Durgin | corporate officer | 2025-07 | ||
| Rachel Halverson | corporate officer | 2023-06 | ||
| Rachelle Hart | corporate officer | 2023-06 | ||
| Rachelle Hart | corporate director | 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.
| 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 |