Aurora Lakeland Medical Center
Elkhorn, Walworth County, WI
· CCN 520102
Licensed to Aurora Health Care Southern Lakes, Inc.
Composite
22.9
rank score
Distress
2
FY2023
Fit
55
vs thesis
Estimated ticket
$6.2M–$12.4M
62 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- occupancy 45-60%
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $87.0M |
| Operating margin | 15.9% |
| Total margin | 17.3% |
| Days cash on hand | 1,316 |
| Current ratio | 18.04 |
| Occupancy | 48% |
Facility
| Beds | 62 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 54 | $69.7M | $9.0M | 9.9% | 12.5% | 1,454 | 31.24 | 47% | 2,264 | 2 |
| 2021 | 54 | $83.3M | $17.1M | 19.9% | 20.4% | 1,441 | 26.38 | 54% | 2,428 | 2 |
| 2022 | 62 | $83.6M | $10.4M | 12.1% | 12.4% | 1,312 | 32.25 | 51% | 2,580 | 2 |
| 2023 | 62 | $87.0M | $15.3M | 15.9% | 17.3% | 1,316 | 18.04 | 48% | 2,785 | 2 |
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 | 1995-08 | |
| Advocate Health Inc | operational/managerial control | 2022-12 | ||
| Ania Horner | w-2 managing employee | 2022-09 | ||
| Aurora Health Care, Inc. | operational/managerial control | 1995-08 | ||
| 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 | ||
| Jeffrey Bard | corporate director | 2015-03 | ||
| Jennifer Schomberg | corporate director | 2024-12 | ||
| Jessica Bauer | corporate officer | 2020-01 | ||
| Kara Richardson | corporate officer | 2025-02 | ||
| Kara Richardson | w-2 managing employee | 2024-10 | ||
| Lindsay Durgin | corporate officer | 2025-06 | ||
| Paul Mihalakakos | corporate director | 2025-04 | ||
| Paul Ziehler | corporate director | 2019-01 | ||
| Rachel Halverson | corporate officer | 2023-06 | ||
| Rachelle Hart | corporate officer | 2023-06 | ||
| Tamara Frost | corporate director | 2025-07 | ||
| Timothy Lineberry | corporate director | 2019-01 | ||
| 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 |