Market Analysis — HEALTHSOURCE SAGINAW INC.
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
None
Moat Rating (2/10)
#3
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 Share4.1%
Top 3 Concentration98.4%
Network Density0.60
Margin vs Market+14.7%
Bed Util vs Market-18.2%
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: 5,332).
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 |
|---|---|---|---|---|
| COVENANT MEDICAL CENTER | 464 | $681M | 68.0% | 69.4% |
| ST. MARYS OF MICHIGAN | 166 | $264M | 26.4% | 24.8% |
| SSH -SAGINAW INC. | 32 | $16M | 1.6% | 4.8% |
Regional Payer Mix
■ Medicare 22%■ Medicaid 23%■ Commercial 55%