Waupun Memorial Hospital
dba Ssm Health Waupun Memorial Hospital ·
Waupun, Dodge County, WI
· CCN 521327
Licensed to Waupun Memorial Hospital
Composite
29.0
rank score
Distress
28
FY2023
Fit
41
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 below 30%
- 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 | $59.3M |
| Operating margin | 16.7% |
| Total margin | 17.6% |
| Days cash on hand | 0 |
| Current ratio | 2.21 |
| 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 | $41.1M | $5.1M | -1.0% | 10.9% | 75 | 5.33 | 30% | 891 | 34 |
| 2021 | 25 | $55.5M | $13.0M | 20.3% | 22.7% | — | 0.85 | 34% | 892 | 19 |
| 2022 | 25 | $56.2M | $8.6M | 14.4% | 15.2% | — | 3.07 | 31% | 755 | 7 |
| 2023 | 25 | $59.3M | $10.6M | 16.7% | 17.6% | 0 | 2.21 | 28% | 767 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ssm Health Care Corporation | 5% or greater direct ownership interest | 100 | 2018-01 | |
| Carleen Vandezande | corporate director | 2011-01 | ||
| David Hopp | corporate director | 2017-01 | ||
| Deann Thurmer | corporate director | 2011-01 | ||
| Jeffrey Homan | corporate director | 2017-01 | ||
| Jill Vanderkin | corporate director | 2017-01 | ||
| John Bett | corporate director | 2017-01 | ||
| Jon Clark | corporate director | 2011-01 | ||
| Joseph Minerath | w-2 managing employee | 2022-01 | ||
| Karen Reynolds | corporate director | 2017-01 | ||
| Katherine Vergos | w-2 managing employee | 2019-01 | ||
| Kathleen Hendricks | corporate director | 2017-01 | ||
| Laura Kaiser | w-2 managing employee | 2018-01 | ||
| Robert Nagle | corporate director | 2017-01 | ||
| Roxy Schouten | corporate director | 2017-01 | ||
| Scott Hansfield | corporate director | 2011-01 | ||
| Troy Walker | corporate director | 2020-04 | ||
| Troy Walker | w-2 managing employee | 2020-04 |
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 |