Oconto Hospital & Medical Center
dba Emplify Health Oconto Clinic ·
Oconto, Oconto County, WI
· CCN 521356
Licensed to Oconto Hospital & Medical Center Inc
Composite
27.1
rank score
Distress
22
FY2023
Fit
43
vs thesis
Estimated ticket
$850K–$1.7M
10 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- 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 | $86.3M |
| Operating margin | 5.3% |
| Total margin | 10.0% |
| Days cash on hand | 24 |
| Current ratio | 4.02 |
| Occupancy | 50% |
Facility
| Beds | 10 |
| 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 | 10 | $63.7M | $2.5M | -0.6% | 3.8% | 18 | 1.91 | 18% | 117 | 58 |
| 2021 | 10 | $82.7M | $11.5M | 7.8% | 13.1% | 15 | 3.20 | 49% | 85 | 29 |
| 2022 | 10 | $80.4M | $4.2M | 1.1% | 5.1% | 15 | 2.57 | 48% | 57 | 36 |
| 2023 | 10 | $86.3M | $9.1M | 5.3% | 10.0% | 24 | 4.02 | 50% | 78 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bellin Memorial Hospital Inc | 5% or greater direct ownership interest | 100 | 2021-06 | |
| Bellin Gundersen Health System Inc | 5% or greater indirect ownership interest | 2022-12 | ||
| Bellin Health Systems, Inc. | 5% or greater indirect ownership interest | 2011-08 | ||
| Debra Van Pay | corporate director | 2026-05 | ||
| Debra Van Pay | w-2 managing employee | 2026-05 | ||
| Heather Schimmers | corporate director | 2026-05 | ||
| Laura Hieb | corporate director | 2016-03 | ||
| Michael Landrum | corporate director | 2025-01 | ||
| Peter Vandenhouten | corporate director | 2025-01 | ||
| Sara Arndt | corporate director | 2010-09 | ||
| Sara Arndt | w-2 managing employee | 2022-10 | ||
| Scott Rathgaber | corporate officer | 2025-01 | ||
| Sharla Baenen | corporate officer | 2022-10 |
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 |