Southwest Health Center
Platteville, Grant County, WI
· CCN 521354
Licensed to Southwest Health Center Inc
Composite
26.3
rank score
Distress
22
FY2024
Fit
41
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 below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- 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 · FY2024
| Net patient revenue | $110M |
| Operating margin | 7.3% |
| Total margin | 13.3% |
| Days cash on hand | 94 |
| Current ratio | 3.19 |
| Occupancy | 29% |
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 | $75.4M | $20.0M | 1.4% | 21.1% | 108 | 1.89 | 28% | 852 | 20 |
| 2022 | 25 | $88.0M | $4.7M | 6.3% | 4.9% | 106 | 2.14 | 28% | 892 | 13 |
| 2023 | 25 | $104M | $19.2M | 8.3% | 16.8% | 106 | 3.67 | 34% | 1,059 | 10 |
| 2024 | 25 | $110M | $15.7M | 7.3% | 13.3% | 94 | 3.19 | 29% | 980 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Angela Udelhofen | corporate director | 2014-08 | ||
| Dan Rohrbach | corporate officer | 2011-08 | ||
| Dan Rohrbach | w-2 managing employee | 2011-08 | ||
| Dan Rohrbach | operational/managerial control | 2011-08 | ||
| Donald Tuescher | corporate director | 2015-08 | ||
| Donna Hoppenjan | corporate director | 2019-07 | ||
| James Schneller | corporate director | 2006-08 | ||
| Jesse Sookochoff | corporate officer | 2016-10 | ||
| Jesse Sookochoff | w-2 managing employee | 2016-10 | ||
| Jesse Sookochoff | operational/managerial control | 2016-10 | ||
| Joseph Rosemeyer | corporate director | 2012-07 | ||
| Kevin Carr | corporate director | 2011-02 | ||
| Kevin Carr | w-2 managing employee | 2011-02 | ||
| Lou Schweigert | corporate director | 2011-08 | ||
| Steven Little | corporate director | 2021-01 |
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 |