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HOSP

TRINITY HEALTH ANN ARBOR

CCN 230156|LOC ANN ARBOR, MI|BEDS 475|NPR $1,000.4M|MARGIN -1.0%

C-

SeekingChartis Score

INVESTMENT THESIS

Buy: TRINITY HEALTH ANN ARBOR

/ 100 (B)

+$73.6M

EBITDA Uplift

+736bps

Margin Δ

0.0%

Op Margin

$1.00B

Revenue

—

Realization

—

Peer Rank

SIGNAL STRENGTH

Margin

0.0%

Safety

60%

CATALYSTS

▲RCM uplift of $73.6M (+736bps)

▲Platform-sized facility

RISKS

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

Peer Analysis EBITDA Bridge Data Room IC Memo ML Detail

$1,000.4M

Net Patient Revenue

-1.0%

Operating Margin

$-10.0M

Net Income

475

Licensed Beds

$2,106K

Revenue per Bed

$1,010.4M

Operating Expenses

Payer Mix

PYR

■ MEDICARE · 24%■ MEDICAID · 4%■ COMMERCIAL · 72%

Score Breakdown

SCComposite · 54/100

Component	Score	Max	%
Market Position	29	35	84%
Financial Health	8	25	31%
Operational Quality	0	20	0%
Competitive Moat	6	20	32%

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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