Market Analysis — COVENANT MEDICAL CENTER
MI market | 4 hospitals | HHI: 5,332 (Concentrated)
🛡️ Public data only — no PHI permitted on this instance.
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4
Hospitals in Market
669
Total Beds
$1.0B
Market Revenue
Concentrated
HHI: 5,332
Wide
Moat Rating (9/10)
#1
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 Advantagestrong
Switching Costshigh
Market Share68.0%
Top 3 Concentration98.4%
Network Density0.60
Margin vs Market+9.2%
Bed Util vs Market+13.9%
What This Means
This hospital has a wide moat — wide moat — strong competitive position, high barriers to entry. The MI market is highly concentrated — few dominant players, potential antitrust concerns (HHI: 5,332).
Implications: Market position supports pricing power — check payer contract terms. Compare against peers via comparables or see the full MI market.
Top Competitors
| Hospital | Beds | Revenue | Rev Share | Bed Share |
|---|---|---|---|---|
| ST. MARYS OF MICHIGAN | 166 | $264M | 26.4% | 24.8% |
| HEALTHSOURCE SAGINAW INC. | 7 | $41M | 4.1% | 1.1% |
| SSH -SAGINAW INC. | 32 | $16M | 1.6% | 4.8% |
Regional Payer Mix
■ Medicare 22%■ Medicaid 23%■ Commercial 55%