Mercy Health System Corporation
dba Mercy Hospital Janesville ·
Janesville, Rock County, WI
· CCN 520066
Licensed to Mercy Health System Corporation
Composite
32.6
rank score
Distress
20
FY2024
Fit
59
vs thesis
Estimated ticket
$14.7M–$29.4M
147 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- current ratio below 0.8
- occupancy 45-60%
- margin deteriorating
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $-142M |
| Operating margin | 546.6% |
| Total margin | 7.8% |
| Days cash on hand | 217 |
| Current ratio | -3.96 |
| Occupancy | 56% |
Facility
| Beds | 147 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 196 | $140M | $80.3M | -300.1% | 12.6% | 258 | 4.96 | 38% | 5,678 | 33 |
| 2022 | 182 | $130M | $44.0M | -338.4% | 7.0% | 255 | 5.20 | 47% | 5,708 | 30 |
| 2023 | 182 | $-130M | $33.5M | 553.2% | 5.2% | 275 | 4.93 | 45% | 5,694 | 6 |
| 2024 | 147 | $-142M | $53.4M | 546.6% | 7.8% | 217 | -3.96 | 56% | 6,034 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mercy Health Corporation | 5% or greater indirect ownership interest | 100 | 2016-01 | |
| Mercy Health Corporation | operational/managerial control | 100 | 2016-01 | |
| Ali Olia | corporate officer | 2022-05 | ||
| Ali Olia | w-2 managing employee | 2021-11 | ||
| Amy Whitaker | corporate officer | 2023-03 | ||
| Amy Whitaker | w-2 managing employee | 2022-08 | ||
| Bradley Olson | corporate officer | 2023-09 | ||
| Bradley Olson | w-2 managing employee | 2023-09 | ||
| Carlos Arevalo | corporate director | 2024-10 | ||
| Dave Syverson | corporate director | 2008-10 | ||
| Edward Cranley | corporate officer | 2014-11 | ||
| Edward Cranley | w-2 managing employee | 2014-11 | ||
| Javon Bea | corporate officer | 1982-10 | ||
| Javon Bea | corporate director | 2008-10 | ||
| Javon Bea | w-2 managing employee | 2008-10 | ||
| Jennifer Hallatt | corporate officer | 2012-01 | ||
| Jennifer Hallatt | w-2 managing employee | 2012-01 | ||
| Joanna Benning | corporate officer | 2015-03 | ||
| Joanna Benning | w-2 managing employee | 2015-03 | ||
| John Dorsey | corporate officer | 2012-08 | ||
| John Dorsey | w-2 managing employee | 2012-08 | ||
| Joseph Malas | corporate officer | 2025-06 | ||
| Joseph Malas | w-2 managing employee | 2025-06 | ||
| Kara Sankey | corporate officer | 2022-05 | ||
| Kara Sankey | w-2 managing employee | 2021-04 |
Showing 25 of 41. Full list via /api/targets/520066.
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 |