Aspirus Langlade Hospital
dba Aspirus Langlade Hosptial ·
Antigo, Langlade County, WI
· CCN 521350
Licensed to Langlade Hospital - Hotel Dieu Of St Joseph Of Antigo Wisconsin
Composite
30.8
rank score
Distress
24
FY2024
Fit
50
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- current ratio below 0.8
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $109M |
| Operating margin | 8.6% |
| Total margin | 27.8% |
| Days cash on hand | 448 |
| Current ratio | -46.57 |
| Occupancy | 50% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $109M | $50.0M | 10.8% | 33.7% | 414 | 7.29 | 45% | 1,062 | 2 |
| 2022 | 25 | $111M | $3.6M | 10.8% | 3.4% | 435 | 11.55 | 54% | 1,019 | 2 |
| 2023 | 25 | $103M | $27.7M | 6.7% | 22.1% | 522 | 12.38 | 50% | 941 | 2 |
| 2024 | 25 | $109M | $38.3M | 8.6% | 27.8% | 448 | -46.57 | 50% | 1,035 | 24 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Religious Hospitallers Of St. Joseph | 5% or greater direct ownership interest | 55 | 2005-02 | |
| Aspirus, Inc | 5% or greater direct ownership interest | 45 | 2008-07 | |
| James Matheson | corporate director | 2020-09 | ||
| Jerry Yang | corporate director | 2024-02 | ||
| Jerry Yang | w-2 managing employee | 2024-02 | ||
| Jerry Yang | operational/managerial control | 2024-02 | ||
| John Myers | corporate director | 2022-09 | ||
| Julie Sprague | corporate director | 2022-09 | ||
| Lakshmi Deep | corporate director | 2023-10 | ||
| Lori Peck | corporate director | 2015-09 | ||
| Lori Peck | w-2 managing employee | 2015-09 | ||
| Lori Peck | operational/managerial control | 2015-09 | ||
| Lynne Henricks | corporate director | 2022-09 | ||
| Mark Westen | corporate director | 2023-10 | ||
| Matthew Heywood | corporate director | 2013-07 | ||
| Matthew Heywood | w-2 managing employee | 2013-07 | ||
| Matthew Heywood | operational/managerial control | 2013-07 | ||
| Michael Winter | corporate director | 2001-01 | ||
| Roshini Samuel | corporate director | 2021-09 | ||
| Sherry Bunten | w-2 managing employee | 2022-01 | ||
| Tyler Hack | corporate director | 2024-02 | ||
| Tyler Hack | w-2 managing employee | 2024-02 | ||
| Tyler Hack | operational/managerial control | 2024-02 |
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 |