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

HOSP

TRINITY HEALTH MUSKEGON

CCN 230066|LOC MUSKEGON, MI|BEDS 262|NPR $621.2M|MARGIN -15.5%

SeekingChartis Score

INVESTMENT THESIS

Buy: TRINITY HEALTH MUSKEGON

/ 100 (B)

+$45.7M

EBITDA Uplift

+736bps

Margin Δ

0.0%

Op Margin

$621.2M

Revenue

—

Realization

—

Peer Rank

SIGNAL STRENGTH

Margin

0.0%

Safety

60%

CATALYSTS

▲RCM uplift of $45.7M (+736bps)

▲Platform-sized facility

RISKS

▼Elevated distress risk (40%)

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

Peer Analysis EBITDA Bridge Data Room IC Memo ML Detail

$621.2M

Net Patient Revenue

-15.5%

Operating Margin

$-96.0M

Net Income

262

Licensed Beds

$2,371K

Revenue per Bed

$717.2M

Operating Expenses

Payer Mix

PYR

■ MEDICARE · 22%■ MEDICAID · 3%■ COMMERCIAL · 75%

Score Breakdown

SCComposite · 36/100

Component	Score	Max	%
Market Position	22	35	62%
Financial Health	4	25	16%
Operational Quality	0	20	0%
Competitive Moat	3	20	17%

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

MORE IN MIStart Diligence · creates a deal from HCRIS