dealflow
envelope $200M

← Targets

Hudson Hospital

dba Hudson Hospital & Clinic · Hudson, St. Croix County, WI · CCN 521335
Licensed to Hudson Hospital Inc

Composite
25.1
rank score
Distress
6
FY2023
Fit
56
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds · within envelope
Ownership
nonprofit
CAH

Why it ranks here

  • 90-150 days cash on hand
  • occupancy 45-60%
  • urban — higher occupancy and iteration surface
  • small but workable bed count
  • very small ticket — sub-scale as a platform asset
  • moderate occupancy
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$77.5M
Operating margin 6.0%
Total margin 13.0%
Days cash on hand 149
Current ratio 3.45
Occupancy60%

Facility

Beds25
Facility typeCAH
Settingurban
Ownership classnonprofit
Per-bed (low) $85.0K
Per-bed (high) $170K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 25 $57.0M $7.0M -0.8% 10.8% 168 1.68 52% 2,884 18
2021 25 $68.3M $14.0M 13.4% 19.1% 210 2.49 61% 1,214 0
2022 25 $71.6M $8.8M 8.1% 11.8% 142 2.90 62% 1,851 4
2023 25 $77.5M $10.9M 6.0% 13.0% 149 3.45 60% 1,834 6

Owners

OwnerRole%SinceType
Alita Risinger corporate director 2024-07
Annie Jacobsen corporate director 2023-08
Charles Williamson corporate director 2020-03
Criag Yehlik corporate director 2020-01
Group Health Plan Inc
Minneapolis, MN
operational/managerial control 1999-02
Jack Dressen corporate director 2026-01
Jason Gallagher corporate director 2024-01
Khu Thao corporate director 2023-08
Kris Tjornehoj corporate director 2018-05
Levon O Haodha corporate director 2018-05
Lisa Bjorkman w-2 managing employee 2015-07
Mark Gherty corporate director 2018-05
Melissa Kolb corporate director 2020-04
Michael Anderson corporate director 2019-01
Nicholas Weiss corporate director 2026-01
Oralee Schock corporate director 2017-05
Pahoua Hoffman corporate director 2023-05
Paula Kolbeck corporate director 2020-01
Regan Brown corporate director 2019-01
Richard Dado corporate director 2019-06
Sharon Tolva corporate director 2019-01
Steven Long corporate director 2022-10
Steven Massey corporate director 2026-04

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.

DateBuyerSellerHospitalBeds
2018-01-01 Mayo Clinic Health... Mayo Clinic Health System -... Mchs-Chippewa Valley 25