Community Health Center Branch
dba Insight Hospital And Medical Center Coldwater ·
Coldwater, MI
· CCN 230022
Licensed to Community Health Center Of Branch County
Composite
56.0
rank score
Distress
80
FY2023
Fit
50
vs thesis
Estimated ticket
$5.2M–$10.5M
75 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current liabilities exceed current assets
- debt above 85% of assets
- occupancy 30-45%
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $76.0M |
| Operating margin | -26.7% |
| Total margin | -16.2% |
| Days cash on hand | 24 |
| Current ratio | 0.90 |
| Occupancy | 40% |
Facility
| Beds | 75 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 75 | $62.6M | $-27.5M | -13.9% | -39.3% | 38 | 0.73 | 39% | 2,380 | 80 |
| 2021 | 75 | $72.6M | $-2.4M | -7.5% | -3.1% | 24 | 0.73 | 46% | 2,495 | 72 |
| 2022 | 75 | $72.9M | $2.9M | -19.8% | 3.8% | 10 | 0.90 | 45% | 2,338 | 64 |
| 2023 | 75 | $76.0M | $-12.5M | -26.7% | -16.2% | 24 | 0.90 | 40% | 2,155 | 80 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Atif Bawahab | corporate officer | 2024-12 | ||
| Atif Bawahab | corporate director | 2024-12 | ||
| Atiq Nakrawala | corporate officer | 2024-12 | ||
| Atiq Nakrawala | corporate director | 2024-12 | ||
| Baseer Tajuddin | corporate officer | 2024-12 | ||
| Baseer Tajuddin | corporate director | 2024-12 | ||
| Firdaus Foundation | operational/managerial control | 2024-12 | ||
| Jawad Shah | corporate director | 2024-12 | ||
| Robin Cole | w-2 managing employee | 2024-12 |
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 |