Memorial Medical Center Inc.
dba Tamarack Health Ashland Medical Center ·
Ashland, Ashland County, WI
· CCN 521359
Licensed to Memorial Medical Center Inc
Composite
21.2
rank score
Distress
0
FY2023
Fit
53
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $149M |
| Operating margin | 5.7% |
| Total margin | 13.2% |
| Days cash on hand | 346 |
| Current ratio | 9.86 |
| Occupancy | 71% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $102M | $7.0M | 3.5% | 6.6% | 284 | 4.41 | 44% | 1,520 | 6 |
| 2021 | 25 | $123M | $28.7M | 7.1% | 20.1% | 283 | 5.29 | 57% | 1,531 | 2 |
| 2022 | 25 | $138M | $4.1M | 8.1% | 3.1% | 269 | 10.42 | 70% | 1,547 | 0 |
| 2023 | 25 | $149M | $21.4M | 5.7% | 13.2% | 346 | 9.86 | 71% | 1,433 | 0 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Aistis Tumas | corporate director | 2024-02 | ||
| Christine Iverson | corporate director | 2007-06 | ||
| Dani Mikula | corporate director | 2024-02 | ||
| John Smylie | corporate director | 2017-05 | ||
| Karen Hansen | corporate director | 2024-02 | ||
| Kent Dumonseau | corporate officer | 2013-08 | ||
| Kent Dumonseau | w-2 managing employee | 2013-08 | ||
| Luke Beirl | corporate officer | 2024-02 | ||
| Luke Beirl | w-2 managing employee | 2024-02 | ||
| Matthew Anich | corporate director | 2007-06 | ||
| Patricia Schraufnagel | corporate director | 2007-06 | ||
| Peggy Vanhollen-Kman | corporate director | 2015-06 | ||
| Regional Enterprises Inc | operational/managerial control | 2007-07 | ||
| Richard Setzke | corporate director | 2024-02 | ||
| Robert Houle | corporate director | 2024-02 | ||
| Taylor Pearson | corporate director | 2024-02 | ||
| Thomas Cunningham | corporate director | 2012-01 | ||
| Thomas Jokinen | corporate director | 2007-06 | ||
| Tyler Wickman | corporate director | 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 |