Bronson Methodist Hospital
Kalamazoo, MI
· CCN 230017
Licensed to Bronson Methodist Hospital
Composite
34.9
rank score
Distress
20
FY2023
Fit
60
vs thesis
Estimated ticket
$41.5M–$83.0M
415 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- margin deteriorating
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- very large — likely out of range
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $1.1B |
| Operating margin | -3.1% |
| Total margin | 10.5% |
| Days cash on hand | 262 |
| Current ratio | 8.48 |
| Occupancy | 78% |
Facility
| Beds | 415 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 415 | $832M | $123M | 0.2% | 12.9% | 347 | 7.18 | 69% | 24,812 | 7 |
| 2021 | 415 | $1.1B | $186M | 4.2% | 15.6% | 331 | 6.88 | 76% | 23,199 | 0 |
| 2022 | 439 | $1.1B | $-33.8M | -1.4% | -3.2% | 261 | 9.60 | 78% | 23,114 | 28 |
| 2023 | 415 | $1.1B | $138M | -3.1% | 10.5% | 262 | 8.48 | 78% | 24,789 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bronson Health Care Group Inc | 5% or greater direct ownership interest | 100 | 1982-02 | chain |
| Bronson Health Care Group Inc | operational/managerial control | 100 | 1982-02 | chain |
| Bill Manns | corporate officer | 2020-01 | ||
| Brenda Hunt | corporate director | 2011-07 | ||
| Cheryl Johnson | corporate officer | 2021-01 | ||
| Cheryl Johnson | w-2 managing employee | 2021-01 | ||
| Donald Parfet | corporate director | 2002-12 | ||
| Erick Stewart | corporate director | 2022-11 | ||
| Genevieve Coleman | corporate director | 2025-01 | ||
| Grace Lubwama | corporate director | 2025-01 | ||
| James Falahee | corporate officer | 2014-06 | ||
| James Falahee | w-2 managing employee | 2014-06 | ||
| James Liggins | corporate director | 2016-10 | ||
| Jorge Gonzalez | corporate director | 2018-01 | ||
| Katharine Hermsen | corporate director | 2025-01 | ||
| Kellie Hoffman | corporate director | 2025-01 | ||
| Leigh Colegrove | w-2 managing employee | 2021-10 | ||
| Luther Marshall Washington | corporate director | 2022-11 | ||
| Lynn Chen-Zhang | corporate director | 2022-11 | ||
| Martinson Arnan | corporate director | 2024-01 | ||
| Michael Odar | corporate director | 2016-07 | ||
| Mike Way | corporate officer | 1986-01 | ||
| Mike Way | w-2 managing employee | 1986-01 | ||
| Namita Sharma | corporate director | 2022-11 | ||
| Neil Nyberg | corporate director | 2011-07 |
Showing 25 of 35. Full list via /api/targets/230017.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in MI
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2018-07-01 | St Joseph Mercy Chelsea Inc | Trinity Health-Michigan | Chelsea Hospital | 79 |