Market Analysis — SPECTRUM HEALTH ZEELAND
MI market | 3 hospitals | HHI: 4,903 (Concentrated)
🛡️ Public data only — no PHI permitted on this instance.
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3
Hospitals in Market
280
Total Beds
$0.4B
Market Revenue
Concentrated
HHI: 4,903
None
Moat Rating (4/10)
#2
Market Share Rank
Competitive Moat (Mauboussin Framework)
Based on "Measuring the Moat" adapted for healthcare. Score 0-10: wide (8+), narrow (5-7), none (<5).
Scale Advantageweak
Switching Costslow
Market Share24.6%
Top 3 Concentration100.0%
Network Density1.07
Margin vs Market+15.2%
Bed Util vs Market-19.2%
What This Means
This hospital has a none moat — no moat — commoditized market position, pricing power limited. The MI market is highly concentrated — few dominant players, potential antitrust concerns (HHI: 4,903).
Implications: Operational improvements are the primary value driver — see the EBITDA bridge. Compare against peers via comparables or see the full MI market.
Top Competitors
| Hospital | Beds | Revenue | Rev Share | Bed Share |
|---|---|---|---|---|
| HOLLAND HOSPITAL | 189 | $262M | 64.7% | 67.5% |
| TRINITY HEALTH GRAND HAVEN HOSPITAL | 36 | $43M | 10.7% | 12.9% |
Regional Payer Mix
■ Medicare 18%■ Medicaid 7%■ Commercial 76%