Univ Of Mi Hospitals & Hlth Ctrs
dba University Of Michigan Health ·
Ann Arbor, Washtenaw County, MI
· CCN 230046
Licensed to Regents Of The University Of Michigan
Composite
13.7
rank score
Distress
30
FY2024
Fit
52
vs thesis
Estimated ticket
$477M–$1.9B
954 beds ·
over envelope
Ownership
government
STH
Why it ranks here
- under 30 days cash on hand
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $5.1B |
| Operating margin | 3.4% |
| Total margin | 9.5% |
| Days cash on hand | 14 |
| Current ratio | 1.82 |
| Occupancy | 87% |
Facility
| Beds | 954 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 944 | $4.0B | $779M | 1.0% | 16.3% | 50 | 3.18 | 87% | 45,343 | 23 |
| 2022 | 951 | $4.2B | $331M | 0.0% | 7.2% | 46 | 2.52 | 90% | 45,625 | 23 |
| 2023 | 951 | $4.6B | $115M | -1.4% | 2.4% | 28 | 1.66 | 89% | 45,543 | 38 |
| 2024 | 954 | $5.1B | $516M | 3.4% | 9.5% | 14 | 1.82 | 87% | 45,657 | 30 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| David Miller | corporate director | 2021-01 | ||
| David Miller | w-2 managing employee | 2021-01 | ||
| Dee Fenner | corporate director | 2020-02 | ||
| Dee Fenner | w-2 managing employee | 2020-02 | ||
| Domenico Grasso | corporate director | 2025-05 | ||
| Eric Strucko | corporate director | 2022-04 | ||
| Eric Strucko | w-2 managing employee | 2022-04 | ||
| Fionnuala Walsh | corporate director | 2018-01 | ||
| Geoffrey Chatas | corporate director | 2021-10 | ||
| J Fabiana Johnson | w-2 managing employee | 2004-11 | ||
| Kedrick Adkins | corporate director | 2017-03 | ||
| Marianne Udow-Phillips | corporate director | 2017-03 | ||
| Mark Prince | corporate director | 2021-03 | ||
| Mark Prince | w-2 managing employee | 2016-07 | ||
| Mark Prince | operational/managerial control | 2016-07 | ||
| Marschall Runge | corporate officer | 2015-03 | ||
| Marschall Runge | corporate director | 2017-03 | ||
| Marschall Runge | w-2 managing employee | 2017-03 | ||
| Michael Johns | corporate director | 2017-03 | ||
| Michelle Kaikkonen | w-2 managing employee | 2022-03 | ||
| Patricia Hurn | corporate director | 2017-03 | ||
| Peter Mccanna | corporate director | 2023-04 | ||
| Robert Sheehy | corporate director | 2017-03 | ||
| Tiffany Ford | corporate officer | 2023-04 |
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 |