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HOSP

COVENANT CHILDRENS HOSPITAL

CCN 453306|LOC LUBBOCK, TX|BEDS 181|NPR $410.3M|MARGIN 15.5%

B-

SeekingChartis Score

INVESTMENT THESIS

Selective: COVENANT CHILDRENS HOSPITAL

/ 100 (C)

+$30.2M

EBITDA Uplift

+736bps

Margin Δ

0.0%

Op Margin

$410.3M

Revenue

—

Realization

—

Peer Rank

SIGNAL STRENGTH

Margin

0.0%

Safety

53%

CATALYSTS

▲RCM uplift of $30.2M (+736bps)

RISKS

▼Elevated distress risk (47%)

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

Peer Analysis EBITDA Bridge Data Room IC Memo ML Detail

$410.3M

Net Patient Revenue

15.5%

Operating Margin

$63.6M

Net Income

181

Licensed Beds

$2,267K

Revenue per Bed

$346.7M

Operating Expenses

Payer Mix

PYR

■ MEDICARE · 0%■ MEDICAID · 6%■ COMMERCIAL · 94%

Score Breakdown

SCComposite · 65/100

Component	Score	Max	%
Market Position	18	35	53%
Financial Health	25	25	100%
Operational Quality	0	20	0%
Competitive Moat	8	20	42%

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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