dealflow
envelope $200M

← Targets

Thedacare Med Ctr - Wild Rose

Wild Rose, Waushara County, WI · CCN 521303
Licensed to Thedacare Medical Center - Wild Rose, Inc.

Composite
24.1
rank score
Distress
17
FY2023
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds · within envelope
Ownership
nonprofit
CAH

Why it ranks here

  • 60-90 days cash on hand
  • occupancy below 30%
  • rural — cheaper but limited density
  • small but workable bed count
  • very small ticket — sub-scale as a platform asset
  • very low occupancy — limited volume to learn from
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$13.9M
Operating margin 6.1%
Total margin 6.4%
Days cash on hand 83
Current ratio 1.50
Occupancy17%

Facility

Beds25
Facility typeCAH
Settingrural
Ownership classnonprofit
Per-bed (low) $85.0K
Per-bed (high) $170K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 25 $11.5M $329K 1.1% 2.8% 151 5.51 17% 143 16
2021 25 $13.3M $562K 3.4% 4.2% 57 4.31 18% 147 26
2022 25 $12.9M $323K -2.6% 2.4% 54 1.25 16% 168 44
2023 25 $13.9M $890K 6.1% 6.4% 83 1.50 17% 219 17

Owners

OwnerRole%SinceType
Buffy Detterman corporate director 2023-10
Carol Williams corporate officer 2013-05
Chandler Caves corporate director 2018-01
Froedtert Thedacare Health, Inc.
Milwaukee, WI
operational/managerial control 2024-01
Imran Andrabi corporate officer 2017-06
Imran Andrabi w-2 managing employee 2017-06
James Erdman corporate director 2007-05
Karen West corporate director 2024-01
Kathleen Pigeon w-2 managing employee 2003-12
Mark Kjentvet corporate officer 2007-05
Paul Smith corporate director 2024-01
Sherry Brownlow corporate director 2024-01
Susan Pahl w-2 managing employee 1991-01
Tammy Bending corporate director 2023-10
Thedacare, Incorporated
Neenah, WI
operational/managerial control 2014-07
William Flett corporate officer 2023-10
William Flett w-2 managing employee 2023-10

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.

DateBuyerSellerHospitalBeds
2018-01-01 Mayo Clinic Health... Mayo Clinic Health System -... Mchs-Chippewa Valley 25