Black River Memorial Hospital
Black River Falls, Jackson County, WI
· CCN 521333
Licensed to Black River Health Inc
Composite
20.2
rank score
Distress
5
FY2023
Fit
45
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 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 | $64.0M |
| Operating margin | 4.2% |
| Total margin | 15.6% |
| Days cash on hand | 275 |
| Current ratio | 7.57 |
| Occupancy | 39% |
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 | $58.8M | $6.5M | -1.4% | 9.6% | 228 | 4.27 | 35% | 774 | 21 |
| 2021 | 25 | $59.8M | $4.4M | -1.0% | 6.5% | 219 | 6.50 | 36% | 672 | 21 |
| 2022 | 25 | $60.7M | $-5.0M | -1.7% | -7.9% | 199 | 6.02 | 38% | 557 | 33 |
| 2023 | 25 | $64.0M | $11.9M | 4.2% | 15.6% | 275 | 7.57 | 39% | 442 | 5 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Carl Selvick | corporate director | 2022-06 | ||
| Carl Selvick | w-2 managing employee | 2022-06 | ||
| Carol Martin | corporate director | 2021-01 | ||
| Katherine Potter | corporate director | 2017-01 | ||
| Kirk Lane | corporate director | 2024-12 | ||
| Michelle Clark-Forsting | corporate director | 2024-12 | ||
| Nicholas Kitowski | corporate director | 2024-12 | ||
| Tammy Hernandez | corporate director | 2026-04 | ||
| Thomas Walker | corporate director | 2021-09 | ||
| Timothy Kunes | corporate director | 2023-01 | ||
| Timothy Tranberg | corporate director | 2022-06 | ||
| Wallace Apland | corporate director | 2023-12 |
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 |