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

HOSP

DICKINSON COUNTY HEALTHCARE SYSTEM

CCN 230055|LOC IRON MOUNTAIN, MI|BEDS 49|NPR $126.3M|MARGIN -4.7%

SeekingChartis Score

INVESTMENT THESIS

Selective: DICKINSON COUNTY HEALTHCARE SYSTEM

/ 100 (C)

+$9.3M

EBITDA Uplift

+736bps

Margin Δ

0.0%

Op Margin

$126.3M

Revenue

—

Realization

—

Peer Rank

SIGNAL STRENGTH

Margin

0.0%

Safety

54%

CATALYSTS

▲RCM uplift of $9.3M (+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

$126.3M

Net Patient Revenue

-4.7%

Operating Margin

$-5.9M

Net Income

Licensed Beds

$2,578K

Revenue per Bed

$132.2M

Operating Expenses

Payer Mix

PYR

■ MEDICARE · 35%■ MEDICAID · 2%■ COMMERCIAL · 63%

Score Breakdown

SCComposite · 24/100

Component	Score	Max	%
Market Position	12	35	34%
Financial Health	7	25	27%
Operational Quality	0	20	0%
Competitive Moat	1	20	3%

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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