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

HOSP

HARRIS HEALTH SYSTEM

CCN 450289|LOC BELLAIRE, TX|BEDS 576|NPR $395.5M|MARGIN -100.0%

SeekingChartis Score

INVESTMENT THESIS

Selective: HARRIS HEALTH SYSTEM

/ 100 (C)

+$29.1M

EBITDA Uplift

+736bps

Margin Δ

0.0%

Op Margin

$395.5M

Revenue

—

Realization

—

Peer Rank

SIGNAL STRENGTH

Margin

0.0%

Safety

53%

CATALYSTS

▲RCM uplift of $29.1M (+736bps)

▲Platform-sized facility

RISKS

▼Elevated distress risk (47%)

▼High Medicaid exposure (26%)

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

Peer Analysis EBITDA Bridge Data Room IC Memo ML Detail

$395.5M

Net Patient Revenue

-100.0%

Operating Margin

$-842.0M

Net Income

576

Licensed Beds

$687K

Revenue per Bed

$1,237.6M

Operating Expenses

Payer Mix

PYR

■ MEDICARE · 4%■ MEDICAID · 26%■ COMMERCIAL · 70%

Score Breakdown

SCComposite · 45/100

Component	Score	Max	%
Market Position	28	35	80%
Financial Health	0	25	0%
Operational Quality	0	20	0%
Competitive Moat	8	20	38%

Comparable Hospitals

CMP

CCN	Hospital	Beds	NPR
450002	THE HOSPITALS OF PROVIDENCE-MEMORIAL	410	$0M
450007	PETERSON REGIONAL MEDICAL CENTER	98	$0M
450010	UNITED REGIONAL HEALTH CARE SYSTEM	244	$0M
450011	ST. JOSEPH REGIONAL HEALTH CENTER	298	$0M
450015	DALLAS CO. HOSP. DIST.	786	$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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