Corewell Health Wm. Beaumont Univ
dba Corewell Health William Beaumont University Hospital ·
Royal Oak, Oakland County, MI
· CCN 230130
Licensed to William Beaumont Hospital
Composite
52.2
rank score
Distress
55
FY2023
Fit
64
vs thesis
Estimated ticket
$87.2M–$174M
1,026 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- margin deteriorating
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- very large — likely out of range
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $1.6B |
| Operating margin | -0.0% |
| Total margin | 0.7% |
| Days cash on hand | 1 |
| Current ratio | -6.52 |
| Occupancy | 75% |
Facility
| Beds | 1,026 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 1,025 | $1.3B | $67.3M | -5.6% | 4.5% | 323 | 5.86 | 67% | 41,685 | 22 |
| 2021 | 1,026 | $1.5B | $35.0M | -2.5% | 2.3% | 157 | 15.20 | 74% | 45,700 | 16 |
| 2022 | 1,026 | $1.6B | $33.1M | -0.8% | 2.1% | 126 | 9.90 | 74% | 44,955 | 20 |
| 2023 | 1,026 | $1.6B | $11.5M | -0.0% | 0.7% | 1 | -6.52 | 75% | 45,032 | 55 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Beaumont Health | 5% or greater direct ownership interest | 100 | 2014-09 | |
| Chad Tuttle | operational/managerial control | 100 | 2025-05 | |
| Corewell Health | 5% or greater indirect ownership interest | 100 | 2022-02 | chain |
| Corewell Health | operational/managerial control | 100 | 2025-05 | chain |
| Debra Guido-Allen | operational/managerial control | 100 | 2026-07 | |
| Matthew Cox | corporate officer | 100 | 2022-02 | |
| Anthony Stallion | corporate director | 2022-02 | ||
| Barbara Pilarski | corporate director | 2024-01 | ||
| Chad Tuttle | corporate director | 2026-01 | ||
| Faye Nelson | corporate director | 2022-06 | ||
| Lamont Yoder | corporate director | 2026-01 | ||
| Linda Little | corporate director | 2022-06 | ||
| Marija Grahovac | corporate director | 2025-01 | ||
| Mark Davidoff | corporate director | 2026-01 | ||
| Mary Kosch | corporate director | 2026-01 | ||
| Mona Makki | corporate director | 2023-01 | ||
| Nicholas Gates | corporate director | 2026-01 | ||
| Robert Skandalaris | corporate director | 2025-01 | ||
| Robert Welsh | corporate director | 2021-01 | ||
| Shane O'donnell | corporate director | 2024-01 | ||
| Warren Rose | corporate director | 2022-01 | ||
| Whitney Eckhoff | w-2 managing employee | 2024-11 |
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 |