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

HOSP

SPOONER HEALTH SYSTEM

CCN 521332|LOC SPOONER, WI|BEDS 20|NPR $33.4M|MARGIN 8.6%

SeekingChartis Score

INVESTMENT THESIS

Selective: SPOONER HEALTH SYSTEM

/ 100 (C)

+$2.5M

EBITDA Uplift

+736bps

Margin Δ

0.0%

Op Margin

$33.4M

Revenue

—

Realization

—

Peer Rank

SIGNAL STRENGTH

Margin

0.0%

Safety

45%

CATALYSTS

RISKS

▼High Medicare dependence (60%)

▼Elevated distress risk (55%)

▼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

$33.4M

Net Patient Revenue

8.6%

Operating Margin

$2.9M

Net Income

Licensed Beds

$1,668K

Revenue per Bed

$30.5M

Operating Expenses

Payer Mix

PYR

■ MEDICARE · 60%■ MEDICAID · 2%■ COMMERCIAL · 38%

Score Breakdown

SCComposite · 37/100

Component	Score	Max	%
Market Position	8	35	23%
Financial Health	18	25	71%
Operational Quality	0	20	0%
Competitive Moat	4	20	18%

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

MORE IN WIStart Diligence · creates a deal from HCRIS