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

HOSP

COVENANT SPECIALTY HOSPITAL

CCN 452102|LOC LUBBOCK, TX|BEDS 56|NPR $14.9M|MARGIN 10.0%

SeekingChartis Score

INVESTMENT THESIS

Pass: COVENANT SPECIALTY HOSPITAL

/ 100 (D)

+$1.1M

EBITDA Uplift

+736bps

Margin Δ

0.0%

Op Margin

$14.9M

Revenue

—

Realization

—

Peer Rank

SIGNAL STRENGTH

Margin

0.0%

Safety

nan%

CATALYSTS

RISKS

▼High Medicare dependence (76%)

▼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

$14.9M

Net Patient Revenue

10.0%

Operating Margin

$1.5M

Net Income

Licensed Beds

$267K

Revenue per Bed

$13.5M

Operating Expenses

Payer Mix

PYR

■ MEDICARE · 76%■ MEDICAID · nan%■ COMMERCIAL · 0%

Score Breakdown

SCComposite · 39/100

Component	Score	Max	%
Market Position	8	35	22%
Financial Health	19	25	77%
Operational Quality	0	20	0%
Competitive Moat	5	20	24%

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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