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

HOSP

PINE REST CHRISTIAN HOSPITAL

CCN 234006|LOC GRAND RAPIDS, MI|BEDS 198|NPR $184.4M|MARGIN -12.7%

SeekingChartis Score

INVESTMENT THESIS

Selective: PINE REST CHRISTIAN HOSPITAL

/ 100 (C)

+$13.6M

EBITDA Uplift

+736bps

Margin Δ

0.0%

Op Margin

$184.4M

Revenue

—

Realization

—

Peer Rank

SIGNAL STRENGTH

Margin

0.0%

Safety

nan%

CATALYSTS

▲RCM uplift of $13.6M (+736bps)

RISKS

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

Peer Analysis EBITDA Bridge Data Room IC Memo ML Detail

$184.4M

Net Patient Revenue

-12.7%

Operating Margin

$-23.4M

Net Income

198

Licensed Beds

$931K

Revenue per Bed

$207.8M

Operating Expenses

Payer Mix

PYR

■ MEDICARE · 11%■ MEDICAID · nan%■ COMMERCIAL · 0%

Score Breakdown

SCComposite · 31/100

Component	Score	Max	%
Market Position	17	35	49%
Financial Health	5	25	18%
Operational Quality	0	20	0%
Competitive Moat	3	20	13%

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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