Thedacare Medical Center-New London
New London, Outagamie County, WI
· CCN 521326
Licensed to Thedacare Medical Center - New London, Inc
Composite
29.4
rank score
Distress
20
FY2023
Fit
51
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- current ratio below 0.8
- occupancy 30-45%
- margin slipping
- urban — higher occupancy and iteration surface
- 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 | $38.2M |
| Operating margin | 12.6% |
| Total margin | 13.5% |
| Days cash on hand | 284 |
| Current ratio | -0.43 |
| Occupancy | 33% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | urban |
| 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 | $34.9M | $5.9M | 5.9% | 15.3% | 112 | 115.84 | 34% | 513 | 10 |
| 2021 | 25 | $37.9M | $5.2M | 12.4% | 13.5% | 167 | 207.62 | 26% | 405 | 9 |
| 2022 | 25 | $37.6M | $4.8M | 9.2% | 12.4% | 200 | -0.36 | 32% | 423 | 19 |
| 2023 | 25 | $38.2M | $5.2M | 12.6% | 13.5% | 284 | -0.43 | 33% | 605 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alan Loux | corporate director | 2024-01 | ||
| Chuck Dallas | corporate director | 2024-01 | ||
| David Koeper | corporate director | 2024-01 | ||
| Froedtert Thedacare Health, Inc. | operational/managerial control | 2024-01 | ||
| Imran Andrabi | corporate officer | 2017-06 | ||
| Imran Andrabi | w-2 managing employee | 2017-06 | ||
| Jennifer Glasheen | w-2 managing employee | 2023-01 | ||
| Kathleen Pigeon | w-2 managing employee | 2000-06 | ||
| Laurie Carter | corporate director | 2024-01 | ||
| Mary Goggans | corporate director | 2024-01 | ||
| Michael Morse | corporate director | 2022-01 | ||
| Steven Price | corporate director | 2024-01 | ||
| Susan Pahl | w-2 managing employee | 2023-01 | ||
| Thedacare, Incorporated | operational/managerial control | 2000-01 | ||
| William Flett | corporate director | 2023-10 | ||
| William Flett | w-2 managing employee | 2023-10 |
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 |