The Richland Hospital Inc
dba Richland Hospital Inc ·
Richland Center, Richland County, WI
· CCN 521341
Licensed to Richland Hospital
Composite
36.0
rank score
Distress
40
FY2023
Fit
45
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- total margin negative
- 90-150 days cash on hand
- 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 · FY2023
| Net patient revenue | $71.8M |
| Operating margin | -2.1% |
| Total margin | -0.4% |
| Days cash on hand | 149 |
| Current ratio | 6.73 |
| Occupancy | 40% |
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 | $57.9M | $5.2M | 2.8% | 8.1% | 164 | 5.06 | 35% | 840 | 6 |
| 2021 | 25 | $64.1M | $10.3M | 7.8% | 14.2% | 187 | 5.10 | 43% | 950 | 6 |
| 2022 | 25 | $66.9M | $1.5M | 3.7% | 2.1% | 160 | 8.52 | 48% | 917 | 2 |
| 2023 | 25 | $71.8M | $-301K | -2.1% | -0.4% | 149 | 6.73 | 40% | 902 | 40 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bruce Roesler | corporate director | 2015-03 | ||
| Bruce Roesler | w-2 managing employee | 2015-03 | ||
| Jeffrey Longbrake | contracted managing employee | 2019-01 | ||
| Jeffrey Longbrake | corporate director | 2019-01 | ||
| John Annear | corporate director | 2016-04 | ||
| John Poole | corporate director | 2015-04 | ||
| Marilyn Rinehart | corporate director | 2016-04 | ||
| Traci Peterson | corporate director | 2016-04 |
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 |