Prairie Ridge Health Inc.
Columbus, Columbia County, WI
· CCN 521338
Licensed to Prairie Ridge Health Inc
Composite
22.9
rank score
Distress
11
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%
- margin deteriorating
- 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 | $69.6M |
| Operating margin | 4.0% |
| Total margin | 11.1% |
| Days cash on hand | 170 |
| Current ratio | 4.40 |
| Occupancy | 33% |
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 | $48.4M | $8.7M | -2.5% | 14.9% | 144 | 2.71 | 30% | 721 | 26 |
| 2021 | 25 | $63.7M | $18.7M | 13.5% | 25.3% | 190 | 3.88 | 40% | 888 | 6 |
| 2022 | 25 | $70.9M | $6.6M | 11.2% | 9.4% | 197 | 4.81 | 42% | 897 | 6 |
| 2023 | 25 | $69.6M | $8.4M | 4.0% | 11.1% | 170 | 4.40 | 33% | 806 | 11 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andrea Link | corporate director | 2021-12 | ||
| Andrea Link | w-2 managing employee | 2021-12 | ||
| Ann Roundy | w-2 managing employee | 2011-12 | ||
| Gary Galvin | corporate director | 2011-07 | ||
| Jamie Hendrix | w-2 managing employee | 2011-12 | ||
| Jennifer Homman | corporate director | 2013-01 | ||
| Joann Evans | corporate director | 2013-01 | ||
| John Russell | corporate director | 2011-12 | ||
| John Russell | w-2 managing employee | 2011-12 | ||
| Julie Saniter | corporate director | 2024-01 | ||
| Kyle Nondorf | corporate director | 2024-01 | ||
| Leslie Alzuhn-Hansen | corporate director | 2024-01 | ||
| Matthew Kinsella | corporate director | 2024-01 | ||
| Melissa Mangan | corporate officer | 2019-09 | ||
| Melissa Mangan | w-2 managing employee | 2013-03 | ||
| Peter Simon | corporate director | 2021-12 | ||
| Randall Bobholz | corporate director | 2014-01 |
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 |