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

HOSP

MCKENZIE COUNTY HEALTHCARE SYSTEM

CCN 351302|LOC WATFORD CITY, ND|BEDS 24|NPR $43.1M|MARGIN -20.2%

SeekingChartis Score

INVESTMENT THESIS

Pass: MCKENZIE COUNTY HEALTHCARE SYSTEM

/ 100 (D)

+$3.2M

EBITDA Uplift

+736bps

Margin Δ

0.0%

Op Margin

$43.1M

Revenue

—

Realization

—

Peer Rank

SIGNAL STRENGTH

Margin

0.0%

Safety

39%

CATALYSTS

RISKS

▼High Medicare dependence (65%)

▼Elevated distress risk (61%)

▼Small facility — limited scale economies

Speculative — only pursue if turnaround thesis is strong and entry multiple reflects risk.

Peer Analysis EBITDA Bridge Data Room IC Memo ML Detail

$43.1M

Net Patient Revenue

-20.2%

Operating Margin

$-8.7M

Net Income

Licensed Beds

$1,796K

Revenue per Bed

$51.8M

Operating Expenses

Payer Mix

PYR

■ MEDICARE · 65%■ MEDICAID · 9%■ COMMERCIAL · 26%

Score Breakdown

SCComposite · 15/100

Component	Score	Max	%
Market Position	9	35	25%
Financial Health	3	25	10%
Operational Quality	0	20	0%
Competitive Moat	0	20	2%

Comparable Hospitals

CMP

CCN	Hospital	Beds	NPR
350002	ST ALEXIUS MEDICAL CENTER	157	$0M
350006	TRINITY HOSPITALS/ST JOES	145	$0M
350011	SANFORD MEDICAL CENTER - FARGO	493	$0M
350015	SANFORD BISMARCK	223	$0M
350019	ALTRU HEALTH SYSTEM-ALTRU HOSPITAL	258	$0M

Team Notes

NOTE0 entries

Actions

ACT

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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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