Mercy Walworth Hospital
dba Mercy Walworth Hospital & Medical Center ·
Lake Geneva, Walworth County, WI
· CCN 521357
Licensed to Mercy Health System Corporation
Composite
25.6
rank score
Distress
17
FY2024
Fit
45
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 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 · FY2024
| Net patient revenue | $-142M |
| Operating margin | 525.5% |
| Total margin | 8.1% |
| Days cash on hand | 221 |
| Current ratio | -3.96 |
| Occupancy | 33% |
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 | $140M | $-354M | -300.1% | -173.2% | 255 | 4.96 | 35% | 1,124 | 50 |
| 2022 | 25 | $130M | $44.0M | -338.4% | 7.0% | 252 | 5.20 | 38% | 1,097 | 33 |
| 2023 | 25 | $616M | $33.5M | 4.4% | 5.3% | 270 | 4.93 | 35% | 1,096 | 6 |
| 2024 | 25 | $-142M | $53.4M | 525.5% | 8.1% | 221 | -3.96 | 33% | 1,033 | 17 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mercy Health Corporation | 5% or greater indirect ownership interest | 100 | 2016-01 | |
| Mercy Health Corporation | operational/managerial control | 100 | 2016-01 | |
| Ali Olia | corporate officer | 2022-05 | ||
| Ali Olia | w-2 managing employee | 2021-11 | ||
| Amy Whitaker | corporate officer | 2022-08 | ||
| Amy Whitaker | w-2 managing employee | 2022-08 | ||
| Bradley Olson | corporate officer | 2023-09 | ||
| Bradley Olson | w-2 managing employee | 2023-09 | ||
| Carlos Arevalo | corporate director | 2024-10 | ||
| Dave Syverson | corporate director | 2005-11 | ||
| Edward Cranley | corporate officer | 2014-11 | ||
| Edward Cranley | w-2 managing employee | 2014-11 | ||
| Hannah Engelkes | w-2 managing employee | 2025-12 | ||
| Javon Bea | corporate officer | 1989-07 | ||
| Javon Bea | corporate director | 1989-07 | ||
| Jennifer Hallatt | corporate officer | 2012-01 | ||
| Jennifer Hallatt | w-2 managing employee | 2012-01 | ||
| Joanna Benning | corporate officer | 2015-03 | ||
| Joanna Benning | w-2 managing employee | 2015-03 | ||
| John Dorsey | corporate officer | 2012-08 | ||
| John Dorsey | w-2 managing employee | 2012-08 | ||
| Joseph Malas | corporate officer | 2025-06 | ||
| Joseph Malas | w-2 managing employee | 2025-06 | ||
| Kara Sankey | corporate officer | 2022-05 | ||
| Kara Sankey | w-2 managing employee | 2021-04 |
Showing 25 of 40. Full list via /api/targets/521357.
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 |