Westfields Hospital
dba Westfields Hospital And Clinic ·
New Richmond, St. Croix County, WI
· CCN 521345
Licensed to Westfields Hospital Inc
Composite
23.4
rank score
Distress
12
FY2023
Fit
45
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 90-150 days cash on hand
- occupancy 30-45%
- margin slipping
- 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 | $92.6M |
| Operating margin | 3.5% |
| Total margin | 7.8% |
| Days cash on hand | 112 |
| Current ratio | 3.94 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $66.3M | $6.3M | -1.5% | 8.5% | 167 | 2.25 | 32% | 775 | 21 |
| 2021 | 25 | $79.3M | $7.5M | 5.5% | 9.1% | 182 | 2.70 | 39% | 815 | 6 |
| 2022 | 25 | $78.1M | $4.2M | -2.1% | 5.0% | 146 | 3.43 | 40% | 1,039 | 26 |
| 2023 | 25 | $92.6M | $7.5M | 3.5% | 7.8% | 112 | 3.94 | 41% | 1,054 | 12 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bremer Bank National Association | 5% or greater security interest | 8 | 2016-07 | |
| Alita Risinger | corporate director | 2026-04 | ||
| Annie Jacobsen | corporate director | 2023-08 | ||
| Charles Williamson | corporate director | 2020-03 | ||
| Criag Yehlik | corporate director | 2020-01 | ||
| Group Health Plan Inc | operational/managerial control | 1999-06 | ||
| Jack Dressen | corporate director | 2026-01 | ||
| Jason Gallagher | corporate director | 2024-01 | ||
| Khu Thao | corporate director | 2023-08 | ||
| Kris Tjornehoj | corporate director | 2018-05 | ||
| Levon O Haodha | corporate director | 2018-04 | ||
| Lisa Bjorkman | w-2 managing employee | 2015-07 | ||
| Mark Gherty | corporate director | 2018-05 | ||
| Melissa Kolb | corporate director | 2020-04 | ||
| Michael Anderson | corporate director | 2019-01 | ||
| Nicholas Weiss | corporate director | 2026-01 | ||
| Oralee Schock | corporate director | 2017-05 | ||
| Pahoua Hoffman | corporate director | 2023-05 | ||
| Paula Kolbeck | corporate director | 2020-01 | ||
| Regan Brown | corporate director | 2019-01 | ||
| Regions Hospital | operational/managerial control | 2006-01 | ||
| Rh-Wisconsin Inc. | operational/managerial control | 2006-01 | ||
| Richard Dado | corporate director | 2019-06 | ||
| Sharon Tolva | corporate director | 2019-01 | ||
| Steven Long | corporate director | 2022-10 |
Showing 25 of 27. Full list via /api/targets/521345.
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 |