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

HOSP

HEALTHSOURCE SAGINAW INC.

CCN 230275|LOC SAGINAW, MI|BEDS 7|NPR $41.1M|MARGIN -28.9%

SeekingChartis Score

INVESTMENT THESIS

Selective: HEALTHSOURCE SAGINAW INC.

/ 100 (C)

+$3.0M

EBITDA Uplift

+736bps

Margin Δ

0.0%

Op Margin

$41.1M

Revenue

—

Realization

—

Peer Rank

SIGNAL STRENGTH

Margin

0.0%

Safety

40%

CATALYSTS

RISKS

▼Elevated distress risk (60%)

▼High Medicaid exposure (63%)

▼Small facility — limited scale economies

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

Peer Analysis EBITDA Bridge Data Room IC Memo ML Detail

$41.1M

Net Patient Revenue

-28.9%

Operating Margin

$-11.9M

Net Income

Licensed Beds

$5,874K

Revenue per Bed

$53.0M

Operating Expenses

Payer Mix

PYR

■ MEDICARE · 7%■ MEDICAID · 63%■ COMMERCIAL · 30%

Score Breakdown

SCComposite · 11/100

Component	Score	Max	%
Market Position	8	35	24%
Financial Health	0	25	1%
Operational Quality	0	20	0%
Competitive Moat	0	20	0%

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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