Ascension Wisconsin Emerus Menomonee
dba Ascension Wisconsin Hospital- Menomonee Falls Campus ·
Menomonee Falls, Waukesha County, WI
· CCN 520214
Licensed to Ascension Wisconsin Emerus Menomonee Falls Llc
Composite
61.3
rank score
Distress
90
FY2023
Fit
52
vs thesis
Estimated ticket
$8.4M–$33.6M
24 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- 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 | $17.7M |
| Operating margin | -43.2% |
| Total margin | -31.4% |
| Days cash on hand | 0 |
| Current ratio | 0.21 |
| Occupancy | 14% |
Facility
| Beds | 24 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 24 | $16.6M | $-7.9M | -55.8% | -44.3% | 0 | 0.26 | 13% | 396 | 100 |
| 2023 | 24 | $17.7M | $-6.1M | -43.2% | -31.4% | 0 | 0.21 | 14% | 444 | 90 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ascension Wisconsin Emerus Jv, Llc | 5% or greater direct ownership interest | 100 | 2020-04 | |
| Emerus Investment Company X, Llc | 5% or greater indirect ownership interest | 100 | 2020-04 | |
| Columbia St Marys Hospital Milwaukee Inc | 5% or greater indirect ownership interest | 51 | 2020-04 | |
| Emerus Holdings, Inc. | 5% or greater indirect ownership interest | 49 | 2020-04 | |
| Emerus Intermediate Holdings Inc | 5% or greater indirect ownership interest | 49 | 2020-04 | |
| Matthew Hanselman | w-2 managing employee | 2024-01 | ||
| Matthew Hanselman | operational/managerial control | 2024-01 | ||
| Victor Schmerbeck | corporate officer | 2023-10 | ||
| Victor Schmerbeck | w-2 managing employee | 2020-02 |
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 |