Corewell Health- Dearborn
dba Corewell Health Dearborn Hospital ·
Dearborn, MI
· CCN 230020
Licensed to Oakwood Healthcare Inc
Composite
53.3
rank score
Distress
61
FY2023
Fit
60
vs thesis
Estimated ticket
$45.5M–$91.0M
535 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- liabilities exceed assets
- margin deteriorating sharply
- 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 | $703M |
| Operating margin | -1.4% |
| Total margin | -0.5% |
| Days cash on hand | 1 |
| Current ratio | 3.21 |
| Occupancy | 69% |
Facility
| Beds | 535 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 567 | $650M | $53.7M | -6.0% | 7.2% | 0 | 0.94 | 75% | 24,365 | 64 |
| 2021 | 567 | $682M | $32.5M | 1.6% | 4.6% | 1 | 2.06 | 73% | 22,826 | 33 |
| 2022 | 567 | $671M | $-20.2M | -5.5% | -3.0% | 0 | 1.87 | 69% | 22,577 | 57 |
| 2023 | 535 | $703M | $-3.5M | -1.4% | -0.5% | 1 | 3.21 | 69% | 22,204 | 61 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Beaumont Health | 5% or greater direct ownership interest | 100 | 2014-09 | |
| Beaumont Health | operational/managerial control | 100 | 2014-09 | |
| Corewell Health | 5% or greater indirect ownership interest | 100 | 2022-02 | chain |
| Debra Guido-Allen | operational/managerial control | 100 | 2023-02 | |
| Lamont Yoder | operational/managerial control | 100 | 2025-05 | |
| Matthew Cox | corporate officer | 100 | 2022-02 | |
| Anthony Stallion | corporate director | 2022-02 | ||
| Barbara Pilarski | corporate director | 2024-01 | ||
| Chad Tuttle | corporate director | 2026-01 | ||
| Faye Nelson | corporate director | 2022-06 | ||
| Lamont Yoder | corporate director | 2026-01 | ||
| Linda Little | corporate director | 2022-06 | ||
| Marija Grahovac | corporate director | 2025-01 | ||
| Mark Davidoff | corporate director | 2026-01 | ||
| Mary Kosch | corporate director | 2026-01 | ||
| Mona Makki | corporate director | 2023-01 | ||
| Nicholas Gates | corporate director | 2026-01 | ||
| Robert Skandalaris | corporate director | 2025-01 | ||
| Robert Welsh | corporate director | 2021-01 | ||
| Shane O'donnell | corporate director | 2024-01 | ||
| Warren Rose | corporate director | 2022-01 | ||
| Whitney Eckhoff | w-2 managing employee | 2023-10 |
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 |