Moundview Memorial Hospital
dba Gundersen Moundview Hospital And Clinics ·
Friendship, Adams County, WI
· CCN 521309
Licensed to Moundview Memorial Hospital & Clinics, Inc.
Composite
35.8
rank score
Distress
43
FY2023
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- occupancy below 30%
- margin deteriorating sharply
- 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 | $11.3M |
| Operating margin | -61.5% |
| Total margin | 5.5% |
| Days cash on hand | 225 |
| Current ratio | 5.82 |
| Occupancy | 17% |
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 | $15.8M | $2.2M | -11.1% | 10.6% | 268 | 2.00 | 8% | 121 | 37 |
| 2021 | 25 | $13.1M | $5.4M | -44.2% | 20.7% | 242 | 3.06 | 12% | 157 | 37 |
| 2022 | 25 | $13.5M | $871K | -61.8% | 3.0% | 158 | 6.61 | 12% | 100 | 37 |
| 2023 | 25 | $11.3M | $1.4M | -61.5% | 5.5% | 225 | 5.82 | 17% | 97 | 43 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bellin Gundersen Health System Inc | 5% or greater indirect ownership interest | 100 | 2022-11 | |
| Gundersen Lutheran Health System Inc | 5% or greater direct ownership interest | 100 | 2017-10 | |
| Bellin Gundersen Health System Inc | operational/managerial control | 2022-11 | ||
| Eric Dehn | corporate director | 2026-01 | ||
| Gundersen Lutheran Health System Inc | operational/managerial control | 2017-10 | ||
| Jennifer Parr | corporate director | 2025-01 | ||
| Joseph Thiesen | corporate director | 2020-07 | ||
| Kurtis Miller | w-2 managing employee | 2013-03 | ||
| Laurie Inda | corporate director | 2023-01 | ||
| Lori Wittig | corporate officer | 2026-01 | ||
| Lori Wittig | corporate director | 2026-01 | ||
| Michael Eckstein | corporate director | 2026-01 | ||
| Paul Fisch | corporate director | 2019-01 | ||
| Roxanne Potts | corporate director | 2019-05 | ||
| Stephanie Carroll | corporate director | 2020-07 | ||
| Tadd Wormet | corporate director | 2022-02 |
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 |
|---|---|---|---|---|
| 2018-01-01 | Mayo Clinic Health... | Mayo Clinic Health System -... | Mchs-Chippewa Valley | 25 |