Monroe Regional Hospital
dba Promedica Monroe Regional Hospital ·
Monroe, MI
· CCN 230099
Licensed to Mercy Memorial Hospital Corporation
Composite
59.2
rank score
Distress
65
FY2023
Fit
75
vs thesis
Estimated ticket
$62.5M–$250M
147 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin below -8%
- 30-60 days cash on hand
- current ratio under 1.5
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $154M |
| Operating margin | -8.1% |
| Total margin | -72.8% |
| Days cash on hand | 36 |
| Current ratio | 1.43 |
| Occupancy | 46% |
Facility
| Beds | 147 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 129 | $124M | $18.4M | -18.5% | 13.2% | 65 | 0.66 | 41% | 4,831 | 57 |
| 2021 | 147 | $149M | $-6.5M | -12.5% | -4.2% | 15 | 0.39 | 54% | 6,414 | 78 |
| 2022 | 147 | $151M | $16.4M | -14.6% | 10.5% | 49 | 0.82 | 49% | 5,635 | 56 |
| 2023 | 147 | $154M | $-116M | -8.1% | -72.8% | 36 | 1.43 | 46% | 5,192 | 65 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Promedica Health System Inc | 5% or greater direct ownership interest | 100 | 2015-01 | |
| Amanda Kert | w-2 managing employee | 2025-01 | ||
| Arturo Polizzi | corporate officer | 2021-01 | ||
| Christi Ansberg | corporate director | 2019-01 | ||
| Christina Stansfield | operational/managerial control | 2020-10 | ||
| Darrin Arquette | corporate director | 2019-09 | ||
| Florence Buchanan | corporate director | 2023-01 | ||
| James Peace | corporate director | 2022-02 | ||
| Julie Everly | corporate director | 2022-01 | ||
| Keith Masserant | corporate director | 2022-02 | ||
| Kenneth Mcnamee | corporate officer | 2025-01 | ||
| Kevin Sharp | corporate director | 2019-03 | ||
| Kojo Quartey | corporate director | 2022-01 | ||
| Kristin Irwin | corporate officer | 2023-01 | ||
| Molly Luempert-Coy | corporate director | 2022-01 | ||
| Nicholas Schenk | corporate officer | 2024-01 | ||
| Susan Vanisacker | corporate director | 2021-02 | ||
| Terrence Metzger | corporate officer | 2023-05 | ||
| Thomas Myers | corporate director | 2022-01 | ||
| Timothy Lake | corporate director | 2022-02 |
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 |