River Falls Area Hospital
River Falls, St. Croix County, WI
· CCN 521349
Licensed to Allina Health System
Composite
36.8
rank score
Distress
40
FY2023
Fit
47
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- occupancy below 30%
- urban — higher occupancy and iteration surface
- 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 | $43.4M |
| Operating margin | 5.6% |
| Total margin | 8.8% |
| Days cash on hand | 2 |
| Current ratio | -0.08 |
| Occupancy | 28% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | urban |
| 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 | $38.7M | $2.9M | -5.2% | 6.7% | 0 | 2.07 | 21% | 588 | 53 |
| 2021 | 25 | $41.6M | $3.4M | 2.9% | 7.8% | 0 | -0.08 | 22% | 551 | 44 |
| 2022 | 25 | $42.1M | $3.3M | 3.2% | 7.4% | 0 | -0.08 | 24% | 537 | 44 |
| 2023 | 25 | $43.4M | $3.9M | 5.6% | 8.8% | 2 | -0.08 | 28% | 475 | 40 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amy Ronneberg | corporate director | 2020-12 | ||
| Barbara Williams | corporate director | 2015-06 | ||
| Brian Mcgrane | corporate director | 2024-06 | ||
| Challis Lowe | corporate director | 2022-06 | ||
| Chanda Baker | corporate director | 2024-02 | ||
| Daniel O'laughlin | corporate director | 2022-01 | ||
| David Joos | corporate officer | 2025-10 | ||
| Debbra Schoneman | corporate director | 2013-06 | ||
| Dominica Tallarico | corporate officer | 2024-03 | ||
| James Kolar | corporate director | 2024-09 | ||
| Jennifer Alstad | corporate director | 2016-06 | ||
| Jill Ostrem | corporate officer | 2023-11 | ||
| Jill Ostrem | operational/managerial control | 2023-11 | ||
| John Church | corporate director | 2021-09 | ||
| Laura Gillund | corporate director | 2015-06 | ||
| Lisa Shannon | corporate director | 2022-01 | ||
| Louis King | corporate director | 2017-06 | ||
| Marna Borgstrom | corporate director | 2025-06 | ||
| Maykao Hang | corporate director | 2019-06 | ||
| Melinda Estes | corporate director | 2025-06 | ||
| Patricia Schirmers | w-2 managing employee | 1985-10 | ||
| Patricia Schirmers | operational/managerial control | 1985-10 | ||
| Roger Newcome | corporate director | 2016-05 | ||
| Roger Newcome | w-2 managing employee | 2016-05 | ||
| Ruth Williams-Brinkley | corporate director | 2023-09 |
Showing 25 of 30. Full list via /api/targets/521349.
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 |