Grant Regional Health Center Inc.
Lancaster, Grant County, WI
· CCN 521322
Licensed to Grant Regional Health Center Inc
Composite
29.5
rank score
Distress
29
FY2023
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- 90-150 days cash on hand
- occupancy below 30%
- margin slipping
- 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 | $47.5M |
| Operating margin | -2.3% |
| Total margin | 3.5% |
| Days cash on hand | 132 |
| Current ratio | 7.74 |
| Occupancy | 28% |
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 | $33.0M | $1.4M | -11.1% | 3.7% | 109 | 3.80 | 28% | 437 | 41 |
| 2021 | 25 | $39.7M | $7.5M | 2.3% | 16.0% | 155 | 2.66 | 27% | 527 | 9 |
| 2022 | 25 | $43.9M | $5.0M | 0.4% | 10.0% | 126 | 7.52 | 30% | 437 | 20 |
| 2023 | 25 | $47.5M | $1.8M | -2.3% | 3.5% | 132 | 7.74 | 28% | 422 | 29 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andy Buttles | corporate director | 2019-05 | ||
| Craig Bierman | corporate director | 2019-05 | ||
| Eric Stader | corporate director | 2005-12 | ||
| Jason Kenney | corporate director | 2020-05 | ||
| Joel Gehling | corporate officer | 2021-07 | ||
| Joel Gehling | w-2 managing employee | 2021-07 | ||
| Kris Wolf | corporate director | 2017-05 | ||
| Richard Dhyanchand | corporate director | 2020-05 | ||
| Sarah Kirschbaum | corporate director | 2022-05 | ||
| Tamara Chambers | corporate officer | 2024-06 | ||
| Tamara Chambers | w-2 managing employee | 2025-06 |
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 |