Mchs-Red Cedar
dba Mayo Clinic Health System-Red Cedar ·
Menomonie, Dunn County, WI
· CCN 521340
Licensed to Mayo Clinic Health System-Northwest Wisconsin Region Inc
Composite
29.9
rank score
Distress
22
FY2023
Fit
50
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- occupancy 45-60%
- rural — cheaper but limited density
- 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 | $128M |
| Operating margin | 20.1% |
| Total margin | 23.5% |
| Days cash on hand | 0 |
| Current ratio | 3.32 |
| Occupancy | 59% |
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 | $102M | $15.4M | 7.6% | 14.0% | 0 | 2.23 | 52% | 929 | 24 |
| 2021 | 25 | $126M | $28.6M | 17.7% | 21.6% | 0 | 3.57 | 61% | 1,092 | 22 |
| 2022 | 25 | $123M | $24.1M | 16.8% | 19.0% | 0 | 3.84 | 65% | 1,091 | 22 |
| 2023 | 25 | $128M | $31.4M | 20.1% | 23.5% | 0 | 3.32 | 59% | 878 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Adam Smith | corporate officer | 2026-01 | ||
| Adam Smith | corporate director | 2026-01 | ||
| Charles Nordstrom | corporate director | 2025-01 | ||
| Dean Eide | w-2 managing employee | 2021-10 | ||
| Franklin Ackerman | corporate officer | 2025-01 | ||
| Gurpreet Singh | corporate director | 2025-01 | ||
| Janel Glantz | corporate director | 2025-01 | ||
| Jason Beckermann | corporate director | 2025-01 | ||
| Kelly Buchholtz | corporate director | 2025-01 | ||
| Kevin Fitzgerald | corporate director | 2025-01 | ||
| Lisa Gillette | corporate director | 2026-05 | ||
| Matthew Olmstead | corporate director | 2025-01 | ||
| Mayo Clinic | operational/managerial control | 2018-01 | ||
| Paul Molling | corporate officer | 2026-03 | ||
| Paul Molling | corporate director | 2026-03 | ||
| Richard Helmers | corporate officer | 2018-01 | ||
| Richard Helmers | corporate director | 2018-01 | ||
| Robert Peck | corporate officer | 2018-01 | ||
| Robert Peck | corporate director | 2018-01 | ||
| Robert Wiechmann | corporate director | 2025-01 | ||
| Timothy Young | corporate director | 2025-01 |
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 |