Corpus Intelligence SSH - SPECTRUM HEALTH 2026-04-26 05:21 UTC
SSH - SPECTRUM HEALTH
CCN 232029 — GRAND RAPIDS, MI — 36 beds
🛡️ Public data only — no PHI permitted on this instance.
HOSP

SSH - SPECTRUM HEALTH

CCN 232029|LOC GRAND RAPIDS, MI|BEDS 36|NPR $21.6M|MARGIN 0.6%
21
F
SeekingChartis Score
INVESTMENT THESIS
Pass: SSH - SPECTRUM HEALTH
43
/ 100 (D)
+$1.6M
EBITDA Uplift
+736bps
Margin Δ
0.0%
Op Margin
$21.6M
Revenue
—
Realization
—
Peer Rank
SIGNAL STRENGTH
Margin
0.0%
Safety
60%
CATALYSTS
RISKS
▼Elevated distress risk (40%)
▼Small facility — limited scale economies
Speculative — only pursue if turnaround thesis is strong and entry multiple reflects risk.
Peer AnalysisEBITDA BridgeData RoomIC MemoML Detail
$21.6M
Net Patient Revenue
0.6%
Operating Margin
$0.1M
Net Income
36
Licensed Beds
$601K
Revenue per Bed
$21.5M
Operating Expenses

Payer Mix

PYR
■ MEDICARE · 23%■ MEDICAID · 4%■ COMMERCIAL · 73%

Score Breakdown

SCComposite · 21/100
ComponentScoreMax%Distribution
Market Position83522%
Financial Health92535%
Operational Quality0200%
Competitive Moat1204%

Comparable Hospitals

CMP
CCNHospitalBedsNPR
230002TRINITY HEALTH - LIVONIA239$0M
230003SPECTRUM HEALTH ZEELAND55$0M
230005PROMEDICA HICKMAN HOSPITAL58$0M
230013PONTIAC GENERAL HOSPITAL47$0M
230015THREE RIVERS HEALTH48$0M

Team Notes

NOTE0 entries

Actions

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