Aurora Medical Center Kenosha
Kenosha, Kenosha County, WI
· CCN 520189
Licensed to Aurora Health Care Southern Lakes, Inc.
Composite
35.7
rank score
Distress
10
FY2023
Fit
78
vs thesis
Estimated ticket
$66.5M–$266M
133 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $347M |
| Operating margin | 21.3% |
| Total margin | 21.8% |
| Days cash on hand | 961 |
| Current ratio | 14.57 |
| Occupancy | 68% |
Facility
| Beds | 133 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 74 | $239M | $83.7M | 22.3% | 31.1% | 1,472 | 24.03 | 85% | 5,641 | 0 |
| 2021 | 91 | $281M | $76.1M | 25.0% | 26.5% | 1,255 | 27.15 | 79% | 5,820 | 0 |
| 2022 | 151 | $304M | $43.2M | 13.8% | 14.2% | 975 | 25.73 | 60% | 6,749 | 2 |
| 2023 | 133 | $347M | $76.4M | 21.3% | 21.8% | 961 | 14.57 | 68% | 8,587 | 10 |
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 | 1999-02 | |
| Aurora Health Care, Inc. | operational/managerial control | 100 | 1999-02 | |
| Advocate Health Inc | operational/managerial control | 2022-12 | ||
| 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 | ||
| Jessica Bauer | corporate director | 2023-01 | ||
| Kara Richardson | corporate officer | 2025-02 | ||
| Kara Richardson | w-2 managing employee | 2024-10 | ||
| Lisa Just | corporate officer | 2020-01 | ||
| Lisa Just | corporate director | 2020-01 | ||
| Lisa Just | w-2 managing employee | 2020-01 | ||
| Nan Nelson | corporate officer | 2023-06 | ||
| Nan Nelson | corporate director | 2021-01 | ||
| Rachel Halverson | corporate officer | 2023-06 | ||
| Rachelle Hart | corporate officer | 2013-10 | ||
| Rachelle Hart | corporate director | 2023-06 | ||
| 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 |