🛡️ Public data only — no PHI permitted on this instance.

HOSP

SPENCER MUNICIPAL HOSPITAL

CCN 160112|LOC SPENCER, IA|BEDS 49|NPR $108.7M|MARGIN -10.3%

SeekingChartis Score

INVESTMENT THESIS

Selective: SPENCER MUNICIPAL HOSPITAL

/ 100 (C)

+$8.0M

EBITDA Uplift

+736bps

Margin Δ

0.0%

Op Margin

$108.7M

Revenue

—

Realization

—

Peer Rank

SIGNAL STRENGTH

Margin

0.0%

Safety

47%

CATALYSTS

▲RCM uplift of $8.0M (+736bps)

RISKS

▼Elevated distress risk (53%)

▼Small facility — limited scale economies

Hold / Selective — investigate specific opportunities but be prepared for execution risk.

Peer Analysis EBITDA Bridge Data Room IC Memo ML Detail

$108.7M

Net Patient Revenue

-10.3%

Operating Margin

$-11.2M

Net Income

Licensed Beds

$2,218K

Revenue per Bed

$119.9M

Operating Expenses

Payer Mix

PYR

■ MEDICARE · 52%■ MEDICAID · 4%■ COMMERCIAL · 43%

Score Breakdown

SCComposite · 22/100

Component	Score	Max	%
Market Position	12	35	33%
Financial Health	5	25	21%
Operational Quality	0	20	0%
Competitive Moat	1	20	3%

Comparable Hospitals

CMP

CCN	Hospital	Beds	NPR
160001	UNITYPOINT HEALTH-MARSHALLTOWN	27	$0M
160005	ST. ANTHONY REGIONAL HOSPITAL	49	$0M
160008	KEOKUK AREA HOSPITAL	49	$0M
160013	TRINITY MUSCATINE	18	$0M
160016	TRINITY REGIONAL MEDICAL CENTER	44	$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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