Thedacare Medical Center - Shawano
Shawano, Shawano County, WI
· CCN 521346
Licensed to Thedacare Medical Center - Shawano, Inc.
Composite
23.5
rank score
Distress
14
FY2023
Fit
43
vs thesis
Estimated ticket
$2.0M–$3.9M
23 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- current ratio below 0.8
- occupancy 45-60%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $91.5M |
| Operating margin | 12.0% |
| Total margin | 12.7% |
| Days cash on hand | 188 |
| Current ratio | -7.58 |
| Occupancy | 50% |
Facility
| Beds | 23 |
| 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 | $59.0M | $7.3M | 6.1% | 11.6% | 125 | 17.86 | 51% | 1,487 | 7 |
| 2021 | 25 | $78.6M | $8.2M | 8.7% | 10.3% | 108 | 15.62 | 48% | 1,348 | 7 |
| 2022 | 25 | $84.8M | $13.4M | 10.3% | 14.9% | 126 | -4.93 | 52% | 1,397 | 20 |
| 2023 | 23 | $91.5M | $11.7M | 12.0% | 12.7% | 188 | -7.58 | 50% | 1,251 | 14 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alan Loux | corporate director | 2023-01 | ||
| Chuck Dallas | corporate director | 2008-10 | ||
| David Koeper | corporate director | 2021-02 | ||
| Froedtert Thedacare Health, Inc. | operational/managerial control | 2024-01 | ||
| Imran Andrabi | corporate officer | 2017-06 | ||
| Imran Andrabi | w-2 managing employee | 2017-06 | ||
| Jennifer Glasheen | w-2 managing employee | 2023-01 | ||
| Kathleen Pigeon | w-2 managing employee | 2020-06 | ||
| Laurie Carter | corporate director | 2022-02 | ||
| Mary Goggans | corporate director | 2022-02 | ||
| Michael Morse | corporate director | 2024-01 | ||
| Steven Price | corporate director | 2023-01 | ||
| Susan Pahl | w-2 managing employee | 2022-01 | ||
| Thedacare, Incorporated | operational/managerial control | 2011-01 | ||
| William Flett | corporate officer | 2024-01 | ||
| William Flett | w-2 managing employee | 2024-01 |
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 |