St. Marys Of Michigan
dba N/a ·
Saginaw, Saginaw County, MI
· CCN 230077
Licensed to Mymichigan Medical Center Saginaw
Composite
57.4
rank score
Distress
75
FY2024
Fit
59
vs thesis
Estimated ticket
$12.7M–$25.3M
181 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 ratio under 1.5
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $253M |
| Operating margin | -28.4% |
| Total margin | -21.1% |
| Days cash on hand | 1 |
| Current ratio | 1.32 |
| Occupancy | 56% |
Facility
| Beds | 181 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 239 | $286M | $-45.9M | -21.1% | -15.3% | 44 | 0.82 | 52% | 9,405 | 83 |
| 2022 | 226 | $276M | $-62.6M | -32.1% | -20.7% | 1 | 0.69 | 53% | 8,490 | 90 |
| 2023 | 166 | $264M | $-69.7M | -32.0% | -25.0% | 1 | 0.86 | 65% | 8,308 | 80 |
| 2024 | 181 | $253M | $-56.6M | -28.4% | -21.1% | 1 | 1.32 | 56% | 7,915 | 75 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mymichigan Medical Center Saginaw | 5% or greater direct ownership interest | 100 | 2024-08 | |
| Andrew Bethune | corporate officer | 2024-08 | ||
| Bapineedu Maganti | corporate officer | 2024-08 | ||
| Brodi Lynch | corporate officer | 2024-08 | ||
| Bryan Cross | corporate officer | 2024-08 | ||
| Heather Bauman | corporate officer | 2024-08 | ||
| Jimmy Greene | corporate officer | 2024-08 | ||
| Jo May | corporate officer | 2024-08 | ||
| John Freel | corporate officer | 2024-08 | ||
| Laurilee Mccord | other | 2019-01 | ||
| Marcia Mastracci Ditmyer | corporate director | 2024-08 | ||
| Mark Flegenheimer | corporate officer | 2024-08 | ||
| Mary Catherine Hannah | corporate officer | 2024-08 | ||
| Michael Erickson | corporate officer | 2024-08 | ||
| Ronald Bays | corporate officer | 2024-08 | ||
| Samantha Hunter | w-2 managing employee | 2025-05 | ||
| Sarah James | corporate director | 2025-07 | ||
| Steve Meyer | corporate officer | 2024-08 | ||
| Terence Moore | corporate officer | 2024-08 | ||
| Tina Church | corporate director | 2024-08 | ||
| Tricia Gorde | corporate director | 2024-08 |
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 |