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HOSP

WITHAM MEMORIAL HOSPITAL

CCN 150104|LOC LEBANON, IN|BEDS 50|NPR $158.5M|MARGIN -11.6%

SeekingChartis Score

INVESTMENT THESIS

Buy: WITHAM MEMORIAL HOSPITAL

/ 100 (B)

+$11.7M

EBITDA Uplift

+736bps

Margin Δ

0.0%

Op Margin

$158.5M

Revenue

—

Realization

—

Peer Rank

SIGNAL STRENGTH

Margin

0.0%

Safety

56%

CATALYSTS

▲RCM uplift of $11.7M (+736bps)

RISKS

▼Elevated distress risk (44%)

▼Small facility — limited scale economies

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

Peer Analysis EBITDA Bridge Data Room IC Memo ML Detail

$158.5M

Net Patient Revenue

-11.6%

Operating Margin

$-18.4M

Net Income

Licensed Beds

$3,170K

Revenue per Bed

$176.9M

Operating Expenses

Payer Mix

PYR

■ MEDICARE · 31%■ MEDICAID · 3%■ COMMERCIAL · 66%

Score Breakdown

SCComposite · 23/100

Component	Score	Max	%
Market Position	13	35	36%
Financial Health	5	25	20%
Operational Quality	0	20	0%
Competitive Moat	1	20	3%

Comparable Hospitals

CMP

CCN	Hospital	Beds	NPR
150001	JOHNSON MEMORIAL HOSPITAL	58	$0M
150002	METHODIST HOSPITALS INC	405	$0M
150004	FRANCISCAN HEALTH HAMMOND	10	$0M
150005	HENDRICKS REGIONAL HEALTH	130	$0M
150006	LAPORTE HOSPITAL	74	$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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