Memorial Hospital Of Boscobel
dba Gundersen Boscobel Area Hospital And Clinics ·
Boscobel, Grant County, WI
· CCN 521344
Licensed to Memorial Hospital Of Boscobel
Composite
20.0
rank score
Distress
8
FY2023
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- occupancy below 30%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $23.8M |
| Operating margin | 13.5% |
| Total margin | 13.2% |
| Days cash on hand | 432 |
| Current ratio | 12.33 |
| Occupancy | 15% |
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 | $23.4M | $3.2M | 9.3% | 12.5% | 396 | 3.69 | 10% | 150 | 9 |
| 2021 | 25 | $25.9M | $3.9M | 11.4% | 14.1% | 371 | 4.79 | 11% | 158 | 9 |
| 2022 | 25 | $27.6M | $1.4M | 8.6% | 5.0% | 306 | 9.60 | 14% | 158 | 9 |
| 2023 | 25 | $23.8M | $3.3M | 13.5% | 13.2% | 432 | 12.33 | 15% | 113 | 8 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Gundersen Lutheran Health System Inc | 5% or greater direct ownership interest | 100 | 2013-10 | |
| Gundersen Lutheran Health System Inc | operational/managerial control | 100 | 2013-10 | |
| Alan Eber | corporate director | 2022-02 | ||
| Andrew Nahas | corporate director | 2019-12 | ||
| Bellin Gundersen Health System Inc | 5% or greater indirect ownership interest | 2022-11 | ||
| Bellin Gundersen Health System Inc | operational/managerial control | 2022-11 | ||
| Cynde Larsen | corporate director | 2016-02 | ||
| Emily Mccormick | corporate director | 2023-06 | ||
| Gary Boughton | corporate director | 2022-02 | ||
| Gerald Berge | corporate director | 2005-01 | ||
| Jennifer Boigenzahn | corporate director | 2020-09 | ||
| Kelsey Cordova | corporate director | 2026-01 | ||
| Krister Mattson | corporate director | 2025-08 | ||
| Theresa Braudt | w-2 managing employee | 2012-09 | ||
| Tim Wilson | 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 |