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HOSP

GLS - MUSKEGON

CCN 232021|LOC MUSKEGON, MI|BEDS 31|NPR $3.5M|MARGIN -15.7%

SeekingChartis Score

INVESTMENT THESIS

Selective: GLS - MUSKEGON

/ 100 (C)

+$274K

EBITDA Uplift

+775bps

Margin Δ

0.0%

Op Margin

$3.5M

Revenue

—

Realization

—

Peer Rank

SIGNAL STRENGTH

Margin

0.0%

Safety

50%

CATALYSTS

RISKS

▼Elevated distress risk (50%)

▼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

$3.5M

Net Patient Revenue

-15.7%

Operating Margin

$-0.6M

Net Income

Licensed Beds

$114K

Revenue per Bed

$4.1M

Operating Expenses

Payer Mix

PYR

■ MEDICARE · 40%■ MEDICAID · 10%■ COMMERCIAL · 49%

Score Breakdown

SCComposite · 10/100

Component	Score	Max	%
Market Position	4	35	10%
Financial Health	4	25	15%
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

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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