St Clare Memorial Hospital Inc
dba Hshs St. Clare Memorial Hospital ·
Oconto Falls, Oconto County, WI
· CCN 521310
Licensed to St Clare Memorial Hospital, Inc
Composite
51.9
rank score
Distress
72
FY2024
Fit
44
vs thesis
Estimated ticket
$1.4M–$2.7M
23 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 30-45%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $30.6M |
| Operating margin | -28.5% |
| Total margin | 3.6% |
| Days cash on hand | 2 |
| Current ratio | 0.30 |
| Occupancy | 40% |
Facility
| Beds | 23 |
| Facility type | CAH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 22 | $34.3M | $6.6M | -2.8% | 15.7% | 29 | 0.34 | 33% | 175 | 61 |
| 2022 | 22 | $36.7M | $2.5M | -7.8% | 5.9% | 28 | 0.42 | 47% | 189 | 64 |
| 2023 | 23 | $31.9M | $1.2M | -23.2% | 2.9% | 13 | 0.35 | 44% | 180 | 69 |
| 2024 | 23 | $30.6M | $1.5M | -28.5% | 3.6% | 2 | 0.30 | 40% | 168 | 72 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Damond Boatwright | w-2 managing employee | 100 | 2021-07 | |
| Hospital Sisters Health System Inc | 5% or greater indirect ownership interest | 100 | 2014-09 | chain |
| Hospital Sisters Services Inc | 5% or greater direct ownership interest | 100 | 2014-09 | |
| Cara Peterson | corporate director | 2023-11 | ||
| Damond Boatwright | corporate officer | 2021-07 | ||
| Ginny Oharrow | corporate director | 2023-11 | ||
| Jan Stranz | corporate director | 1999-02 | ||
| John Wagner | corporate officer | 2022-10 | ||
| John Wagner | corporate director | 2022-10 | ||
| Lori Dufek | corporate director | 2021-11 | ||
| Michael Nelessen | corporate director | 2018-11 | ||
| Patricia Allen | corporate officer | 2020-01 | ||
| Patricia Allen | corporate director | 2020-01 | ||
| Robert Erickson | corporate officer | 2024-04 | ||
| Robert Erickson | corporate director | 2024-04 | ||
| Ron Christensen | corporate director | 2023-11 | ||
| Stacee Goedtel Birr | corporate director | 2023-11 | ||
| Travis Pitzen | corporate director | 2024-09 | ||
| Travis Pitzen | w-2 managing employee | 2024-09 |
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 |