STURGIS HOSPITAL INC. — History
CCN 230096 | 3-year financial timeline | COVID resilience: 28/100
🛡️ Public data only — no PHI permitted on this instance.
$15M
Latest Revenue (FY2022)
-3.7%
Revenue CAGR (3yr)
-58.4%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $17M | $18M | $15M | -13.4% | -3.7% |
| Operating Expenses | $24M | $24M | $24M | -0.4% | -0.2% |
| Operating Margin | -47.4% | -37.7% | -58.4% | -55.0% | +0.0% |
| Net Income | $-8M | $-7M | $-9M | -34.2% | +0.0% |
| Licensed Beds | 49 | 49 | 49 | +0.0% | +0.0% |
| Total Patient Days | 1,064 | 1,510 | 1,322 | -12.5% | +11.5% |
| Medicare Day % | 43% | 41% | 42% | +2.8% | -0.9% |
| Medicaid Day % | 2% | 3% | 3% | -19.1% | +14.2% |
COVID Impact & Recovery
Resilience Score: 28/100 — Distressed — significant COVID damage
Revenue recovery from FY2020 to FY2022: -7.2% ($17M → $15M)
FY2020 captured the initial COVID shock. Slow recovery suggests structural challenges beyond COVID.
Trend Summary
Revenue▼ Declining
Operating Margin▼ Declining
Beds▶ Stable
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
-3.7%
This Hospital
+7.6%
State Avg
Latest Margin
-58.4%
This Hospital
-4.6%
State Avg
Projections (FY2023-2025)
Extrapolated from 3-year trend using linear projection. Does not account for regulatory or market changes.
| Year | Revenue (proj) | Margin (proj) |
|---|---|---|
| FY2023 (proj) | $15M | -63.9% |
| FY2024 (proj) | $14M | -69.4% |
| FY2025 (proj) | $14M | -74.9% |