Mchs Northland
dba Mayo Clinic Health System-Northland ·
Barron, Barron County, WI
· CCN 521315
Licensed to Mayo Clinic Health System-Northwest 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 | $92.5M |
| Operating margin | 17.0% |
| Total margin | 19.1% |
| Days cash on hand | 0 |
| Current ratio | 2.60 |
| Occupancy | 44% |
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 | $71.8M | $4.6M | 3.7% | 6.3% | 0 | 2.02 | 62% | 820 | 22 |
| 2021 | 25 | $90.3M | $11.8M | 11.4% | 12.9% | 0 | 2.82 | 64% | 916 | 22 |
| 2022 | 25 | $87.0M | $10.7M | 10.6% | 12.1% | 0 | 3.06 | 52% | 766 | 24 |
| 2023 | 25 | $92.5M | $18.1M | 17.0% | 19.1% | 0 | 2.60 | 44% | 709 | 25 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Adam Smith | corporate officer | 2026-01 | ||
| Adam Smith | corporate director | 2026-01 | ||
| Charles Nordstrom | corporate director | 2025-01 | ||
| Dean Eide | w-2 managing employee | 2021-10 | ||
| Franklin Ackerman | corporate officer | 2025-01 | ||
| 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 | ||
| Mayo Clinic | operational/managerial control | 2018-01 | ||
| Paul Molling | corporate officer | 2026-03 | ||
| Paul Molling | corporate director | 2026-03 | ||
| Richard Helmers | corporate officer | 2018-01 | ||
| Richard Helmers | corporate director | 2018-01 | ||
| Robert Wiechmann | corporate director | 2025-01 | ||
| 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 |