Mclaren Flint
Flint, Genesee County, MI
· CCN 230141
Licensed to Mclaren Flint
Composite
54.2
rank score
Distress
62
FY2023
Fit
61
vs thesis
Estimated ticket
$24.1M–$48.1M
283 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin below -8%
- under 30 days cash on hand
- current ratio under 1.5
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $441M |
| Operating margin | -3.6% |
| Total margin | -74.6% |
| Days cash on hand | 0 |
| Current ratio | 1.03 |
| Occupancy | 68% |
Facility
| Beds | 283 |
| 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 | 293 | $396M | $37.9M | -3.7% | 8.5% | 103 | 1.04 | 70% | 15,979 | 23 |
| 2021 | 293 | $431M | $64.4M | -0.9% | 12.9% | 70 | 1.01 | 79% | 15,239 | 29 |
| 2022 | 276 | $443M | $-25.3M | -1.8% | -5.9% | 7 | 1.01 | 73% | 12,863 | 53 |
| 2023 | 283 | $441M | $-196M | -3.6% | -74.6% | 0 | 1.03 | 68% | 13,636 | 62 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mclaren Health Care Corporation | 5% or greater direct ownership interest | 100 | 1992-09 | chain |
| Bart Daig | corporate director | 2018-06 | ||
| Beverly Walker-Griffea | corporate director | 2015-10 | ||
| Brian Bhagat | corporate director | 2018-06 | ||
| Chad Grant | corporate director | 2017-01 | ||
| Christopher Candela | corporate officer | 2021-09 | ||
| Christopher Candela | corporate director | 2021-09 | ||
| Christopher Candela | operational/managerial control | 2021-09 | ||
| David Mazurkiewicz | corporate director | 2009-10 | ||
| Elizabeth Murphy | corporate director | 2013-01 | ||
| Fred Korte | corporate officer | 2015-10 | ||
| Fred Korte | w-2 managing employee | 2015-10 | ||
| Fred Korte | operational/managerial control | 2015-10 | ||
| George Wilkinson | corporate director | 2023-02 | ||
| Kevin Johnson | corporate director | 2023-11 | ||
| Lawrence Moon | corporate director | 2004-07 | ||
| Mark Miller | corporate director | 2018-06 | ||
| Michael Hanschmann | corporate director | 2026-03 | ||
| Michael Mueller | corporate director | 2024-02 | ||
| Philip Incarnati | corporate director | 1989-03 |
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 |