Wheaton Franciscan Healthcare - All
dba Ascension All Saints Hospital ·
Racine, Racine County, WI
· CCN 520096
Licensed to Ascension All Saints Hospital Inc
Composite
54.5
rank score
Distress
74
FY2024
Fit
53
vs thesis
Estimated ticket
$18.8M–$37.7M
269 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio under 1.5
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- small ticket — deploys little of the available capital
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $264M |
| Operating margin | -24.4% |
| Total margin | -6.9% |
| Days cash on hand | 0 |
| Current ratio | 1.15 |
| Occupancy | 41% |
Facility
| Beds | 269 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 257 | $310M | $135M | 16.3% | 34.2% | 0 | 1.05 | 55% | 10,362 | 28 |
| 2022 | 285 | $288M | $7.5M | -18.1% | 2.2% | 0 | 0.83 | 49% | 9,602 | 61 |
| 2023 | 285 | $268M | $-380K | -17.6% | -0.1% | 0 | 1.25 | 40% | 7,709 | 67 |
| 2024 | 269 | $264M | $-21.3M | -24.4% | -6.9% | 0 | 1.15 | 41% | 8,028 | 74 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Wheaton Franciscan Healthcare Southeast Wisconsin Inc | operational/managerial control | 100 | 1986-11 | |
| Ascension Health | operational/managerial control | 2016-03 | ||
| Bhagath Siripurapu | corporate director | 2024-01 | ||
| Jerry Suriano | corporate director | 2024-01 | ||
| Jonathan Berkoff | corporate director | 2023-07 | ||
| Joseph Regan | corporate director | 2023-07 | ||
| Kaye-Eileen Willard | corporate director | 2020-01 | ||
| Kristin Mcmanmon | corporate director | 2018-07 | ||
| Lynne Briggs | corporate director | 2017-07 | ||
| Mark Catherall | corporate director | 2024-01 | ||
| Matthew Mokrohisky | corporate director | 2024-01 | ||
| 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 | ||
| Robert Vanhimbergen | corporate director | 2017-07 | ||
| Robin Barten | w-2 managing employee | 2024-11 | ||
| Stephanie Hietpas | w-2 managing employee | 2024-11 |
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 |