Beloit Memorial Hospital Inc.
dba Beloit Memorial Hospital ·
Beloit, Rock County, WI
· CCN 520100
Licensed to Beloit Health System Inc
Composite
53.4
rank score
Distress
52
FY2023
Fit
75
vs thesis
Estimated ticket
$41.2M–$165M
97 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin -8% to -3%
- 30-60 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $265M |
| Operating margin | -3.1% |
| Total margin | -7.9% |
| Days cash on hand | 32 |
| Current ratio | 2.09 |
| Occupancy | 54% |
Facility
| Beds | 97 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 97 | $224M | $9.2M | -7.6% | 3.7% | 98 | 1.69 | 47% | 3,806 | 29 |
| 2021 | 97 | $251M | $14.2M | -1.9% | 5.3% | 72 | 1.77 | 51% | 3,931 | 28 |
| 2022 | 97 | $250M | $-12.2M | -3.0% | -4.7% | 46 | 2.13 | 52% | 4,093 | 47 |
| 2023 | 97 | $265M | $-22.6M | -3.1% | -7.9% | 32 | 2.09 | 54% | 4,031 | 52 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| James Bird | corporate officer | 100 | 2025-06 | |
| Timothy Mckevett | corporate officer | 100 | 2014-05 | |
| Timothy Mckevett | w-2 managing employee | 100 | 2014-05 | |
| Aleatha Howen | corporate officer | 2026-09 | ||
| Aleatha Howen | w-2 managing employee | 2025-06 | ||
| James Bird | w-2 managing employee | 2025-06 |
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 |