ASPIRUS IRON RIVER HOPSITAL & CLINIC
CCN 231318 — IRON RIVER, MI — 25 beds
🛡️ Public data only — no PHI permitted on this instance.
HOSP
ASPIRUS IRON RIVER HOPSITAL & CLINIC
CCN 231318|LOC IRON RIVER, MI|BEDS 25|NPR $34.5M|MARGIN -12.3%
17
F
SeekingChartis Score
INVESTMENT THESIS
Selective: ASPIRUS IRON RIVER HOPSITAL & CLINI
53
/ 100 (C)
+$2.5M
EBITDA Uplift
+736bps
Margin Δ
0.0%
Op Margin
$34.5M
Revenue
—
Realization
—
Peer Rank
SIGNAL STRENGTH
Margin
0.0%
Safety
45%
CATALYSTS
RISKS
▼Elevated distress risk (55%)
▼Small facility — limited scale economies
Hold / Selective — investigate specific opportunities but be prepared for execution risk.
$34.5M
Net Patient Revenue
-12.3%
Operating Margin
$-4.2M
Net Income
25
Licensed Beds
$1,378K
Revenue per Bed
$38.7M
Operating Expenses
Payer Mix
PYR■ MEDICARE · 38%■ MEDICAID · 2%■ COMMERCIAL · 60%
Score Breakdown
SCComposite · 17/100| Component | Score | Max | % | Distribution |
|---|---|---|---|---|
| Market Position | 8 | 35 | 24% | |
| Financial Health | 5 | 25 | 19% | |
| Operational Quality | 0 | 20 | 0% | |
| Competitive Moat | 0 | 20 | 2% |
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
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