Froedtert Hlth Neighorhood Hosp Llc
dba Froedtert Community Hospital ·
New Berlin, Waukesha County, WI
· CCN 520213
Licensed to Froedtert Health Neighborhood Hospital, Llc
Composite
24.1
rank score
Distress
10
FY2024
Fit
49
vs thesis
Estimated ticket
$8.0M–$32.0M
16 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $38.9M |
| Operating margin | 23.6% |
| Total margin | 23.6% |
| Days cash on hand | — |
| Current ratio | 13.74 |
| Occupancy | 17% |
Facility
| Beds | 16 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 16 | $6.4M | $-2.5M | -38.4% | -38.4% | — | 4.73 | 10% | 123 | 69 |
| 2022 | 32 | $538M | $517M | 96.1% | 96.1% | — | 5.14 | 7% | 244 | 11 |
| 2023 | 16 | $34.1M | $6.2M | 18.3% | 18.3% | — | 6.79 | 17% | 429 | 11 |
| 2024 | 16 | $38.9M | $9.2M | 23.6% | 23.6% | — | 13.74 | 17% | 432 | 10 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Froedtert Thedacare Health, Inc. | 5% or greater direct ownership interest | 100 | 2019-09 | |
| Allen Ericson | corporate director | 2019-09 | ||
| Allen Ericson | w-2 managing employee | 2019-09 | ||
| Allen Ericson | operational/managerial control | 2019-09 | ||
| Amanda Gonring | corporate director | 2026-02 | ||
| Bryce Gartland | corporate director | 2025-05 | ||
| Caryn Esten | corporate director | 2022-11 | ||
| Kara Waggoner | corporate director | 2025-11 | ||
| Matthew Partridge | corporate officer | 2025-12 | ||
| Michael Degere | corporate director | 2023-08 |
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 |