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HOSP

PROMEDICA HICKMAN HOSPITAL

CCN 230005|LOC ADRIAN, MI|BEDS 58|NPR $124.7M|MARGIN 5.5%

SeekingChartis Score

INVESTMENT THESIS

Selective: PROMEDICA HICKMAN HOSPITAL

/ 100 (C)

+$9.2M

EBITDA Uplift

+736bps

Margin Δ

0.0%

Op Margin

$124.7M

Revenue

—

Realization

—

Peer Rank

SIGNAL STRENGTH

Margin

0.0%

Safety

54%

CATALYSTS

▲RCM uplift of $9.2M (+736bps)

RISKS

▼Elevated distress risk (46%)

▼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

$124.7M

Net Patient Revenue

5.5%

Operating Margin

$6.9M

Net Income

Licensed Beds

$2,151K

Revenue per Bed

$117.8M

Operating Expenses

Payer Mix

PYR

■ MEDICARE · 34%■ MEDICAID · 6%■ COMMERCIAL · 60%

Score Breakdown

SCComposite · 37/100

Component	Score	Max	%
Market Position	12	35	35%
Financial Health	14	25	57%
Operational Quality	0	20	0%
Competitive Moat	3	20	15%

Comparable Hospitals

CMP

CCN	Hospital	Beds	NPR
230002	TRINITY HEALTH - LIVONIA	239	$0M
230003	SPECTRUM HEALTH ZEELAND	55	$0M
230013	PONTIAC GENERAL HOSPITAL	47	$0M
230015	THREE RIVERS HEALTH	48	$0M
230017	BRONSON METHODIST HOSPITAL	439	$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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