Oak Leaf Surgical Hospital Llc
Altoona, Eau Claire County, WI
· CCN 520196
Licensed to Oak Leaf Surgical Hospital Llc
Composite
33.4
rank score
Distress
28
FY2023
Fit
52
vs thesis
Estimated ticket
$6.5M–$26.0M
13 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- occupancy below 30%
- urban — higher occupancy and iteration surface
- very small facility
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $114M |
| Operating margin | 32.8% |
| Total margin | 32.7% |
| Days cash on hand | 28 |
| Current ratio | 4.62 |
| Occupancy | 16% |
Facility
| Beds | 13 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| 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 | 13 | $80.7M | $26.4M | 31.3% | 32.2% | 57 | 2.02 | 13% | 306 | 26 |
| 2021 | 13 | $96.3M | $34.1M | 34.0% | 34.9% | 20 | 2.10 | 13% | 219 | 31 |
| 2022 | 13 | $110M | $37.2M | 34.1% | 33.8% | 21 | 2.38 | 16% | 270 | 31 |
| 2023 | 13 | $114M | $37.5M | 32.8% | 32.7% | 28 | 4.62 | 16% | 311 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| National Surgical Hospitals, Llc | 5% or greater indirect ownership interest | 64 | 2012-11 | |
| Nsh Wisconsin Llc | 5% or greater direct ownership interest | 64 | 2011-02 | |
| Sp Holdco I Inc | 5% or greater indirect ownership interest | 64 | 2017-09 | |
| Surgery Center Holdings Inc | 5% or greater indirect ownership interest | 64 | 2017-09 | |
| Surgery Center Holdings Llc | 5% or greater indirect ownership interest | 64 | 2017-09 | |
| Surgery Partners Inc | 5% or greater indirect ownership interest | 64 | 2017-09 | |
| Bcpe Seminole Holdings Ii Intermediate Lp | 5% or greater indirect ownership interest | 15 | 2023-03 | |
| Fmr Llc | 5% or greater indirect ownership interest | 8 | 2022-11 | |
| Bcpe Seminole Holdings, Lp | 5% or greater indirect ownership interest | 5 | 2017-09 | |
| Harrison Bane | other | 2024-09 | ||
| James Nemeth | w-2 managing employee | 2023-07 | ||
| Jennifer Baldock | corporate officer | 2017-09 |
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 |