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HOSP

BELLIN MEMORIAL HOSPITAL

CCN 520049|LOC GREEN BAY, WI|BEDS 175|NPR $652.3M|MARGIN 13.7%

C+

SeekingChartis Score

INVESTMENT THESIS

Buy: BELLIN MEMORIAL HOSPITAL

/ 100 (B)

+$48.0M

EBITDA Uplift

+736bps

Margin Δ

0.0%

Op Margin

$652.3M

Revenue

—

Realization

—

Peer Rank

SIGNAL STRENGTH

Margin

0.0%

Safety

58%

CATALYSTS

▲RCM uplift of $48.0M (+736bps)

RISKS

▼Elevated distress risk (42%)

Buy — solid fundamentals with identifiable value creation levers. Proceed to detailed diligence.

Peer Analysis EBITDA Bridge Data Room IC Memo ML Detail

$652.3M

Net Patient Revenue

13.7%

Operating Margin

$89.2M

Net Income

175

Licensed Beds

$3,728K

Revenue per Bed

$563.2M

Operating Expenses

Payer Mix

PYR

■ MEDICARE · 19%■ MEDICAID · 4%■ COMMERCIAL · 77%

Score Breakdown

SCComposite · 63/100

Component	Score	Max	%
Market Position	19	35	55%
Financial Health	23	25	94%
Operational Quality	0	20	0%
Competitive Moat	8	20	39%

Comparable Hospitals

CMP

CCN	Hospital	Beds	NPR
520002	ASPIRUS STEVENS POINT HOSPITAL	82	$0M
520004	MCHS FRANCISCAN HEALTHCARE INC	103	$0M
520008	WAUKESHA MEMORIAL HOSPITAL	270	$0M
520009	ASCENSION NE WISCONSIN-ST. ELIZABETH	287	$0M
520011	LAKEVIEW MEDICAL CENTER OF RICE LAKE	40	$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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