Mchs-Franciscan Sparta
dba Mayo Clinic Health System - Sparta ·
Sparta, Monroe County, WI
· CCN 521305
Licensed to Mayo Clinic Health System-Southwest Wisconsin Region Inc
Composite
29.2
rank score
Distress
25
FY2023
Fit
45
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- occupancy 30-45%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $42.3M |
| Operating margin | 6.1% |
| Total margin | 6.9% |
| Days cash on hand | 0 |
| Current ratio | 3.55 |
| Occupancy | 37% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $33.1M | $778K | -13.3% | 2.0% | 0 | 0.52 | 38% | 78 | 69 |
| 2021 | 25 | $42.2M | $1.1M | 1.8% | 2.6% | 0 | 1.98 | 40% | 53 | 34 |
| 2022 | 25 | $44.7M | $2.2M | 4.3% | 4.9% | 0 | 2.42 | 41% | 28 | 28 |
| 2023 | 25 | $42.3M | $2.9M | 6.1% | 6.9% | 0 | 3.55 | 37% | 68 | 25 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Adam Smith | corporate officer | 2026-01 | ||
| Adam Smith | corporate director | 2026-01 | ||
| Charles Nordstrom | corporate director | 2025-01 | ||
| Franklin Ackerman | corporate officer | 2025-01 | ||
| Gianrico Farrugia | other | 2019-01 | ||
| Gurpreet Singh | corporate director | 2025-01 | ||
| Janel Glantz | corporate director | 2025-01 | ||
| Jason Beckermann | corporate director | 2025-01 | ||
| Kelly Buchholtz | corporate director | 2025-01 | ||
| Kevin Fitzgerald | corporate director | 2025-01 | ||
| Lisa Gillette | corporate director | 2026-05 | ||
| Matthew Olmstead | corporate director | 2025-01 | ||
| Matthew Tradewell | w-2 managing employee | 2024-02 | ||
| Mayo Clinic | operational/managerial control | 2010-01 | ||
| Paul Molling | corporate director | 2026-03 | ||
| Richard Helmers | corporate officer | 2024-03 | ||
| Richard Helmers | corporate director | 2024-03 | ||
| Robert Wiechmann | corporate director | 2025-01 | ||
| Tanner Holst | corporate director | 2022-09 | ||
| Tanner Holst | w-2 managing employee | 2020-01 | ||
| Timothy Young | corporate director | 2025-01 |
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 |
|---|---|---|---|---|
| 2018-01-01 | Mayo Clinic Health... | Mayo Clinic Health System -... | Mchs-Chippewa Valley | 25 |