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HOSP

BAY REGIONAL MEDICAL CENTER

CCN 230041|LOC BAY CITY, MI|BEDS 273|NPR $314.7M|MARGIN -3.9%

SeekingChartis Score

INVESTMENT THESIS

Buy: BAY REGIONAL MEDICAL CENTER

/ 100 (B)

+$23.2M

EBITDA Uplift

+736bps

Margin Δ

0.0%

Op Margin

$314.7M

Revenue

—

Realization

—

Peer Rank

SIGNAL STRENGTH

Margin

0.0%

Safety

54%

CATALYSTS

▲RCM uplift of $23.2M (+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

$314.7M

Net Patient Revenue

-3.9%

Operating Margin

$-12.3M

Net Income

273

Licensed Beds

$1,153K

Revenue per Bed

$327.0M

Operating Expenses

Payer Mix

PYR

■ MEDICARE · 37%■ MEDICAID · 2%■ COMMERCIAL · 62%

Score Breakdown

SCComposite · 39/100

Component	Score	Max	%
Market Position	21	35	59%
Financial Health	7	25	28%
Operational Quality	0	20	0%
Competitive Moat	4	20	18%

Comparable Hospitals

CMP

CCN	Hospital	Beds	NPR
230002	TRINITY HEALTH - LIVONIA	239	$0M
230003	SPECTRUM HEALTH ZEELAND	55	$0M
230005	PROMEDICA HICKMAN HOSPITAL	58	$0M
230013	PONTIAC GENERAL HOSPITAL	47	$0M
230015	THREE RIVERS HEALTH	48	$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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