Mymichigan Medical Ctr West Bran
West Branch, MI
· CCN 230095
Licensed to Mymichigan Medical Center West Branch
Composite
56.7
rank score
Distress
85
FY2024
Fit
46
vs thesis
Estimated ticket
$6.2M–$12.3M
88 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- debt above 70% of assets
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $68.7M |
| Operating margin | -8.6% |
| Total margin | -3.6% |
| Days cash on hand | 0 |
| Current ratio | 0.56 |
| Occupancy | 17% |
Facility
| Beds | 88 |
| 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 | 88 | $51.7M | $2.5M | -11.2% | 4.2% | 47 | 0.49 | 15% | 1,429 | 67 |
| 2022 | 88 | $60.0M | $-6.5M | -15.8% | -10.3% | 20 | 0.49 | 20% | 1,596 | 89 |
| 2023 | 88 | $65.0M | $-3.4M | -11.3% | -4.9% | 10 | 0.66 | 17% | 1,819 | 84 |
| 2024 | 88 | $68.7M | $-2.6M | -8.6% | -3.6% | 0 | 0.56 | 17% | 1,815 | 85 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mymichigan Health | 5% or greater direct ownership interest | 100 | 2018-04 | |
| Alan Bruder | corporate director | 2018-04 | ||
| Amanda Peirce | w-2 managing employee | 2019-06 | ||
| Bryan Cross | corporate director | 2023-06 | ||
| Carrie Schweigert | w-2 managing employee | 2021-11 | ||
| Cynthia Pickering | w-2 managing employee | 2019-06 | ||
| Elizabeth Daniels | corporate director | 2023-06 | ||
| Gail Hughey | corporate director | 2023-06 | ||
| Glenn Smith | corporate director | 2023-06 | ||
| Jeffrey Fossitt | corporate director | 2023-06 | ||
| John Stoneback | corporate director | 2013-10 | ||
| Jolene Compton | corporate director | 2023-06 | ||
| Kaslynn Krupp | w-2 managing employee | 2021-04 | ||
| Kevin Elliott | corporate director | 2018-04 | ||
| Lydia Watson | corporate director | 2023-06 | ||
| Paul Bucchi | corporate director | 2023-06 | ||
| Raymond Stover | corporate officer | 2022-05 | ||
| Samantha Hunter | w-2 managing employee | 2021-11 | ||
| Sarah James | w-2 managing employee | 2019-06 | ||
| Thomas Kish | corporate director | 2018-04 | ||
| Tina Church | corporate director | 2021-04 | ||
| Tina Church | w-2 managing employee | 2021-04 |
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 |