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HOSP

MCLAREN NORTHERN MICHIGAN

CCN 230105|LOC PETOSKEY, MI|BEDS 177|NPR $235.0M|MARGIN -0.6%

SeekingChartis Score

INVESTMENT THESIS

Selective: MCLAREN NORTHERN MICHIGAN

/ 100 (C)

+$17.3M

EBITDA Uplift

+736bps

Margin Δ

0.0%

Op Margin

$235.0M

Revenue

—

Realization

—

Peer Rank

SIGNAL STRENGTH

Margin

0.0%

Safety

51%

CATALYSTS

▲RCM uplift of $17.3M (+736bps)

RISKS

▼Elevated distress risk (49%)

Hold / Selective — investigate specific opportunities but be prepared for execution risk.

Peer Analysis EBITDA Bridge Data Room IC Memo ML Detail

$235.0M

Net Patient Revenue

-0.6%

Operating Margin

$-1.4M

Net Income

177

Licensed Beds

$1,328K

Revenue per Bed

$236.4M

Operating Expenses

Payer Mix

PYR

■ MEDICARE · 35%■ MEDICAID · 6%■ COMMERCIAL · 59%

Score Breakdown

SCComposite · 34/100

Component	Score	Max	%
Market Position	17	35	49%
Financial Health	8	25	31%
Operational Quality	0	20	0%
Competitive Moat	2	20	12%

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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