Thedacare Medical Center - Waupaca
Waupaca, Waupaca County, WI
· CCN 521334
Licensed to Thedacare Medical Center - Waupaca, Inc
Composite
25.6
rank score
Distress
17
FY2023
Fit
45
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%
- 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 | $55.4M |
| Operating margin | 15.4% |
| Total margin | 19.3% |
| Days cash on hand | 260 |
| Current ratio | -0.78 |
| Occupancy | 37% |
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 | $46.2M | $6.9M | 10.7% | 14.2% | 135 | 101.61 | 34% | 880 | 10 |
| 2021 | 25 | $50.6M | $9.2M | 13.0% | 17.2% | 161 | 230.97 | 39% | 969 | 6 |
| 2022 | 25 | $49.0M | $3.3M | 6.2% | 6.6% | 172 | -0.62 | 38% | 799 | 19 |
| 2023 | 25 | $55.4M | $11.2M | 15.4% | 19.3% | 260 | -0.78 | 37% | 851 | 17 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dale Gisi | corporate director | 2022-01 | ||
| Ellen Wenberg | corporate director | 2015-01 | ||
| Eric Hendrickson | corporate director | 2022-01 | ||
| Froedtert Thedacare Health, Inc. | operational/managerial control | 2024-01 | ||
| Imran Andrabi | corporate officer | 2017-06 | ||
| Jacqueline Anhalt | corporate director | 2022-01 | ||
| Jeremy Koehler | corporate director | 2022-01 | ||
| Kathleen Pigeon | w-2 managing employee | 2003-12 | ||
| Lou Ann Mokwa | corporate director | 2023-04 | ||
| Richard Phillipsen | corporate director | 2022-01 | ||
| Susan Pahl | w-2 managing employee | 1991-01 | ||
| Suzanne Udoni | corporate director | 2022-01 | ||
| Thedacare, Incorporated | operational/managerial control | 2006-06 | ||
| Tim Neuville | corporate director | 2022-01 | ||
| William Flett | corporate officer | 2024-01 | ||
| William Flett | w-2 managing employee | 2024-01 |
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 |