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

HOSP

BLACK HILLS SURGICAL HOSPITAL LLP

CCN 430091|LOC RAPID CITY, SD|BEDS 26|NPR $91.1M|MARGIN 15.3%

C-

SeekingChartis Score

INVESTMENT THESIS

Selective: BLACK HILLS SURGICAL HOSPITAL LLP

/ 100 (C)

+$6.7M

EBITDA Uplift

+736bps

Margin Δ

0.0%

Op Margin

$91.1M

Revenue

—

Realization

—

Peer Rank

SIGNAL STRENGTH

Margin

0.0%

Safety

52%

CATALYSTS

▲RCM uplift of $6.7M (+736bps)

RISKS

▼High Medicare dependence (55%)

▼Elevated distress risk (48%)

▼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

$91.1M

Net Patient Revenue

15.3%

Operating Margin

$14.0M

Net Income

Licensed Beds

$3,502K

Revenue per Bed

$77.1M

Operating Expenses

Payer Mix

PYR

■ MEDICARE · 55%■ MEDICAID · 2%■ COMMERCIAL · 42%

Score Breakdown

SCComposite · 52/100

Component	Score	Max	%
Market Position	11	35	30%
Financial Health	25	25	100%
Operational Quality	0	20	0%
Competitive Moat	6	20	32%

Comparable Hospitals

CMP

CCN	Hospital	Beds	NPR
430005	PRAIRIE LAKES HEALTH CARE CENTER	69	$0M
430008	BROOKINGS HEALTH SYSTEM	49	$0M
430012	AVERA SACRED HEART HOSPITAL	42	$0M
430013	AVERA QUEEN OF PEACE	50	$0M
430014	AVERA ST. LUKES	50	$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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