Western Wisconsin Health
dba Baldwin Area Medical Center ·
Baldwin, St. Croix County, WI
· CCN 521347
Licensed to Baldwin Area Medical Center Inc
Composite
22.1
rank score
Distress
9
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%
- 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 | $66.5M |
| Operating margin | 3.9% |
| Total margin | 8.9% |
| Days cash on hand | 96 |
| Current ratio | 3.59 |
| Occupancy | 31% |
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 | $49.3M | $2.5M | -0.4% | 4.6% | 141 | 2.11 | 22% | 497 | 29 |
| 2021 | 25 | $57.7M | $7.3M | 2.9% | 11.3% | 127 | 2.62 | 30% | 535 | 10 |
| 2022 | 25 | $63.1M | $3.0M | -1.1% | 4.4% | 73 | 3.50 | 32% | 663 | 31 |
| 2023 | 25 | $66.5M | $6.3M | 3.9% | 8.9% | 96 | 3.59 | 31% | 637 | 9 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Eilidh Pederson | corporate officer | 100 | 2022-03 | |
| Eilidh Pederson | w-2 managing employee | 100 | 2022-03 | |
| Ronald Siler | corporate director | 100 | 2015-01 | |
| Danielle Johnson | corporate director | 2015-01 | ||
| Lea Kaiser | corporate officer | 2022-06 |
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 |