Winnebago Mental Health Institute
Madison, Winnebago County, WI
· CCN 524002
Licensed to State Of Wisconsin
Composite
67.8
rank score
Distress
84
FY2024
Fit
75
vs thesis
Estimated ticket
$64.5M–$258M
335 beds ·
within envelope
Ownership
government
PH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- large — ticket likely stretches the envelope
- ticket size uses the capital envelope well
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $75.2M |
| Operating margin | -52.2% |
| Total margin | -8.3% |
| Days cash on hand | 0 |
| Current ratio | -0.34 |
| Occupancy | 52% |
Facility
| Beds | 335 |
| Facility type | PH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $192K |
| Per-bed (high) | $770K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 330 | $-62.6M | $-178M | 239.8% | 196.4% | 29 | -6.00 | 56% | 3,724 | 38 |
| 2022 | 330 | $66.1M | $2.6M | -33.4% | 2.8% | 0 | -1.56 | 54% | 4,405 | 66 |
| 2023 | 330 | $70.7M | $-15.9M | -67.9% | -15.5% | 0 | -0.65 | 54% | 3,738 | 82 |
| 2024 | 335 | $75.2M | $-8.8M | -52.2% | -8.3% | 0 | -0.34 | 52% | 3,420 | 84 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Christopher Craggs | corporate officer | 100 | 2018-07 | |
| Christopher Craggs | operational/managerial control | 100 | 2019-07 | |
| State Of Wisconsin | 5% or greater direct ownership interest | 100 | 2015-11 | |
| State Of Wisconsin | operational/managerial control | 100 | 2015-11 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.