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HOSP

SANTA BARBARA COTTAGE HOSPITAL

CCN 050396|LOC SANTA BARBARA, CA|BEDS 371|NPR $777.9M|MARGIN -6.2%

SeekingChartis Score

INVESTMENT THESIS

Buy: SANTA BARBARA COTTAGE HOSPITAL

/ 100 (B)

+$57.3M

EBITDA Uplift

+736bps

Margin Δ

0.0%

Op Margin

$777.9M

Revenue

—

Realization

—

Peer Rank

SIGNAL STRENGTH

Margin

0.0%

Safety

54%

CATALYSTS

▲RCM uplift of $57.3M (+736bps)

▲Platform-sized facility

RISKS

▼Elevated distress risk (46%)

Buy — solid fundamentals with identifiable value creation levers. Proceed to detailed diligence.

Peer Analysis EBITDA Bridge Data Room IC Memo ML Detail

$777.9M

Net Patient Revenue

-6.2%

Operating Margin

$-47.9M

Net Income

371

Licensed Beds

$2,097K

Revenue per Bed

$825.8M

Operating Expenses

Payer Mix

PYR

■ MEDICARE · 36%■ MEDICAID · 6%■ COMMERCIAL · 58%

Score Breakdown

SCComposite · 46/100

Component	Score	Max	%
Market Position	26	35	73%
Financial Health	6	25	25%
Operational Quality	0	20	0%
Competitive Moat	5	20	25%

Comparable Hospitals

CMP

CCN	Hospital	Beds	NPR
050002	ST ROSE HOSPITAL	153	$0M
050006	ST. JOSEPH HOSPITAL - EUREKA	132	$0M
050007	MILLS PENINSULA MEDICAL CENTER	241	$0M
050008	CPMC-R.K. DAVIES MEDICAL CENTER	105	$0M
050009	QUEEN OF THE VALLEY MEDICAL CENTER	119	$0M

Team Notes

NOTE0 entries

Actions

ACT

WFDiligence Workflow

Competitive Intel EBITDA Bridge Data Room IC Memo Scenarios

AIDeep Analysis

ML Analysis Demand 3-Year History Stats Bayesian

FINFinancial Models

DCF LBO 3-Statement Returns Market Denial

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