dealflow
envelope $200M

← Targets

Aurora West Allis Medical Center

West Allis, Milwaukee County, WI · CCN 520139
Licensed to West Allis Memorial Hospital Inc

Composite
29.5
rank score
Distress
5
FY2023
Fit
68
vs thesis
Estimated ticket
$101M–$404M
202 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • occupancy 45-60%
  • margin slipping
  • urban — higher occupancy and iteration surface
  • bed count in the target band
  • ticket size at the top of the envelope — would need leverage
  • moderate occupancy
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$320M
Operating margin 19.3%
Total margin 21.8%
Days cash on hand 1,536
Current ratio 58.13
Occupancy60%

Facility

Beds202
Facility typeSTH
Settingurban
Ownership classnonprofit
Per-bed (low) $500K
Per-bed (high) $2.0M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 234 $266M $63.4M 15.5% 22.0% 1,492 43.96 55% 9,423 2
2021 202 $299M $69.1M 21.2% 22.7% 1,513 38.30 64% 9,256 0
2022 202 $295M $43.2M 12.1% 14.3% 1,429 21.17 62% 8,854 0
2023 202 $320M $71.9M 19.3% 21.8% 1,536 58.13 60% 8,631 5

Owners

OwnerRole%SinceType
Advocate Aurora Health, Inc.
Milwaukee, WI
5% or greater indirect ownership interest 100 2018-04
Advocate Aurora Health, Inc.
Milwaukee, WI
operational/managerial control 100 2018-04
Aurora Health Care Metro, Inc.
Milwaukee, WI
5% or greater direct ownership interest 100 2010-06
Aurora Health Care Metro, Inc.
Milwaukee, WI
operational/managerial control 100 2010-06
Aurora Health Care, Inc.
Milwaukee, WI
5% or greater indirect ownership interest 100 1995-02
Aurora Health Care, Inc.
Milwaukee, WI
operational/managerial control 100 1995-02
Advocate Health Inc
Charlotte, NC
operational/managerial control 2022-12
Desiree Millet corporate officer 2026-06
Desiree Millet w-2 managing employee 2024-10
Erin Hirn corporate director 2025-05
Gabrielle Finley-Hazle corporate officer 2023-12
Holly Schmidtke corporate officer 2020-01
Holly Schmidtke w-2 managing employee 2019-10
Jeffrey Bard corporate director 2020-01
Jennifer Schomberg corporate director 2025-01
Jessica Bauer corporate director 2020-01
John Stibal corporate director 2023-01
Joseph Kempen corporate director 1990-08
Kara Richardson corporate officer 2025-06
Maria Rupena corporate director 2022-01
Martha Kannas corporate director 2023-11
Mary Hook corporate director 2009-04
Paul Mihalakakos corporate director 2025-01
Paul Ziehler corporate director 1980-09
Robert Figuerora corporate officer 2020-01

Showing 25 of 31. Full list via /api/targets/520139.

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