Prairie Du Chien Memorial Hospital
dba Crossing Rivers Health ·
Prairie Du Chien, Crawford County, WI
· CCN 521330
Licensed to Prairie Du Chien Memorial Hospital Association Inc
Composite
24.4
rank score
Distress
24
FY2023
Fit
34
vs thesis
Estimated ticket
$2.0M–$4.1M
24 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin under 2%
- 90-150 days cash on hand
- occupancy below 30%
- margin deteriorating
- rural — cheaper but limited density
- very small facility
- 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 | $67.3M |
| Operating margin | 1.8% |
| Total margin | 8.0% |
| Days cash on hand | 95 |
| Current ratio | 4.65 |
| Occupancy | 27% |
Facility
| Beds | 24 |
| 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 | 24 | $55.0M | $6.8M | 6.3% | 11.7% | 154 | 3.39 | 33% | 649 | 6 |
| 2021 | 24 | $60.6M | $12.4M | 9.1% | 18.3% | 230 | 5.42 | 36% | 653 | 6 |
| 2022 | 24 | $60.4M | $-111K | 4.4% | -0.2% | 108 | 3.28 | 30% | 612 | 18 |
| 2023 | 24 | $67.3M | $5.7M | 1.8% | 8.0% | 95 | 4.65 | 27% | 373 | 24 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Carlos Cantero | corporate director | 2022-04 | ||
| Chad Abram | corporate director | 2015-08 | ||
| Christopher Brophy | corporate officer | 2021-07 | ||
| Christopher Brophy | w-2 managing employee | 2016-05 | ||
| Geoffrey Mandala | corporate officer | 2021-11 | ||
| Geoffrey Mandala | w-2 managing employee | 2021-11 | ||
| Mark Willems | corporate director | 2018-05 | ||
| Michael Higgins | corporate director | 2020-11 | ||
| Richard Rogers | corporate director | 2018-11 |
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 |