Tamarack Health Hayward Med Ctr
dba Tamarack Health Hayward Medical Center ·
Hayward, Sawyer County, WI
· CCN 521336
Licensed to Medical Services, Inc
Composite
24.8
rank score
Distress
15
FY2024
Fit
45
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- occupancy 30-45%
- margin deteriorating sharply
- 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 · FY2024
| Net patient revenue | $82.5M |
| Operating margin | 4.7% |
| Total margin | 9.3% |
| Days cash on hand | 211 |
| Current ratio | 5.81 |
| Occupancy | 41% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $58.8M | $11.3M | 2.7% | 16.6% | 275 | 5.04 | 30% | 658 | 6 |
| 2022 | 25 | $66.0M | $6.4M | 6.5% | 9.3% | 266 | 5.05 | 43% | 784 | 6 |
| 2023 | 25 | $73.4M | $5.4M | 7.3% | 7.3% | 246 | 7.19 | 44% | 833 | 6 |
| 2024 | 25 | $82.5M | $8.0M | 4.7% | 9.3% | 211 | 5.81 | 41% | 899 | 15 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Benjamin Turner | corporate director | 2020-04 | ||
| Dodson Thompson | corporate officer | 2022-04 | ||
| Edward Wolf | corporate officer | 2023-04 | ||
| Gregg Lundberg | corporate director | 2022-03 | ||
| Harry Malcolm | corporate director | 2009-04 | ||
| Heather Sheehan | corporate director | 2021-04 | ||
| Heather Sheehan | w-2 managing employee | 2007-08 | ||
| Jason Douglas | corporate director | 2013-09 | ||
| John Garrett | corporate director | 2016-07 | ||
| John Will | corporate director | 2023-04 | ||
| Kylah Eckes | corporate officer | 2023-04 | ||
| Luke Beirl | corporate officer | 2018-04 | ||
| Luke Beirl | w-2 managing employee | 2018-04 | ||
| Mary Hansen | corporate director | 2021-04 | ||
| Regional Enterprises Inc | operational/managerial control | 1986-07 | ||
| Richard Hoban | corporate director | 2020-01 | ||
| Stacey Mckinney | corporate director | 2022-04 |
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 |