dealflow
envelope $200M

← Targets

University Of Wi Hospitals & Clinics

Madison, Dane County, WI · CCN 520098
Licensed to University Of Wisconsin Hospitals And Clinics Authority

Composite
32.1
rank score
Distress
17
FY2024
Fit
61
vs thesis
Estimated ticket
$67.1M–$134M
671 beds · within envelope
Ownership
government
STH

Why it ranks here

  • 90-150 days cash on hand
  • current ratio under 1.5
  • margin deteriorating sharply
  • rural — cheaper but limited density
  • very large — likely out of range
  • ticket size uses the capital envelope well
  • strong occupancy — good iteration surface
  • government-owned — public process likely

Latest financials · FY2024

Net patient revenue$3.0B
Operating margin 4.5%
Total margin 9.4%
Days cash on hand 90
Current ratio 1.02
Occupancy78%

Facility

Beds671
Facility typeSTH
Settingrural
Ownership classgovernment
Per-bed (low) $100K
Per-bed (high) $200K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 606 $2.3B $425M 8.9% 16.6% 93 0.96 78% 27,976 13
2022 624 $2.4B $-13.2M 4.6% -0.5% 96 0.89 81% 28,108 21
2023 644 $2.7B $212M 3.2% 7.8% 83 0.82 80% 28,979 19
2024 671 $3.0B $303M 4.5% 9.4% 90 1.02 78% 30,901 17

Owners

OwnerRole%SinceType
Alan Kaplan corporate officer 2016-04
Alan Kaplan corporate director 2016-04
Alan Kaplan w-2 managing employee 2016-04
Robert Flannery corporate officer 2016-07
Robert Flannery corporate director 2016-07
Robert Flannery w-2 managing employee 2016-07

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.

DateBuyerSellerHospitalBeds
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