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

HOSP

ASCENSION BORGESS HOSPITAL

CCN 230117|LOC KALAMAZOO, MI|BEDS 228|NPR $373.6M|MARGIN -36.4%

SeekingChartis Score

INVESTMENT THESIS

Selective: ASCENSION BORGESS HOSPITAL

/ 100 (C)

+$27.5M

EBITDA Uplift

+736bps

Margin Δ

0.0%

Op Margin

$373.6M

Revenue

—

Realization

—

Peer Rank

SIGNAL STRENGTH

Margin

0.0%

Safety

56%

CATALYSTS

▲RCM uplift of $27.5M (+736bps)

▲Platform-sized facility

RISKS

▼Elevated distress risk (44%)

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

Peer Analysis EBITDA Bridge Data Room IC Memo ML Detail

$373.6M

Net Patient Revenue

-36.4%

Operating Margin

$-136.0M

Net Income

228

Licensed Beds

$1,638K

Revenue per Bed

$509.5M

Operating Expenses

Payer Mix

PYR

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

Score Breakdown

SCComposite · 28/100

Component	Score	Max	%
Market Position	20	35	56%
Financial Health	0	25	0%
Operational Quality	0	20	0%
Competitive Moat	3	20	15%

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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