Aurora Health Care Metro Inc.
Milwaukee, Milwaukee County, WI
· CCN 520138
Licensed to Aurora Health Care Metro, Inc.
Composite
35.5
rank score
Distress
22
FY2023
Fit
64
vs thesis
Estimated ticket
$93.2M–$186M
932 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- current ratio below 0.8
- liabilities exceed assets
- rural — cheaper but limited density
- very large — likely out of range
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $1.9B |
| Operating margin | 3.6% |
| Total margin | 13.2% |
| Days cash on hand | 650 |
| Current ratio | 0.13 |
| Occupancy | 65% |
Facility
| Beds | 932 |
| 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 | 915 | $1.5B | $189M | -2.6% | 10.9% | 591 | 10.53 | 64% | 32,464 | 16 |
| 2021 | 915 | $1.7B | $242M | 4.3% | 13.0% | 599 | 13.61 | 67% | 32,981 | 0 |
| 2022 | 938 | $1.7B | $155M | 0.2% | 8.2% | 615 | -0.22 | 63% | 31,347 | 20 |
| 2023 | 932 | $1.9B | $278M | 3.6% | 13.2% | 650 | 0.13 | 65% | 34,306 | 22 |
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 | 1983-02 | |
| Advocate Health Inc | operational/managerial control | 2022-12 | ||
| Aurora Health Care, Inc. | operational/managerial control | 1983-02 | ||
| Desiree Millet | w-2 managing employee | 2025-01 | ||
| Gabrielle Finley-Hazle | corporate officer | 2023-12 | ||
| Harold Slinkman | corporate officer | 2023-09 | ||
| Jeffrey Bard | corporate director | 2015-03 | ||
| Jennifer Schomberg | corporate director | 2024-12 | ||
| Jessica Bauer | corporate director | 2020-01 | ||
| Kara Richardson | corporate officer | 2024-12 | ||
| Kara Richardson | w-2 managing employee | 2024-12 | ||
| Lindsay Durgin | corporate officer | 2025-06 | ||
| Nkem Iroegbu | corporate officer | 2024-07 | ||
| Paul Mihalakakos | corporate director | 2025-04 | ||
| Paul Ziehler | corporate director | 2019-01 | ||
| Rachel Halverson | corporate officer | 2023-06 | ||
| Rachelle Hart | corporate officer | 2023-06 | ||
| Timothy Lineberry | corporate director | 2019-01 | ||
| Tori Munnik | w-2 managing employee | 2025-01 |
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 |