Corewell Health Wayne
dba Corewell Health Wayne Hospital ·
Wayne, MI
· CCN 230142
Licensed to Oakwood Healthcare Inc
Composite
56.0
rank score
Distress
51
FY2024
Fit
78
vs thesis
Estimated ticket
$42.1M–$168M
99 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $195M |
| Operating margin | -3.3% |
| Total margin | -2.3% |
| Days cash on hand | 26 |
| Current ratio | 10.01 |
| Occupancy | 88% |
Facility
| Beds | 99 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 86 | $152M | $10.3M | -9.1% | 5.9% | 0 | 1.88 | 75% | 5,043 | 44 |
| 2022 | 86 | $173M | $-8.8M | -8.6% | -4.9% | 1 | 2.61 | 94% | 5,452 | 57 |
| 2023 | 97 | $181M | $2.1M | -3.6% | 1.1% | 1 | 4.22 | 87% | 5,919 | 41 |
| 2024 | 99 | $195M | $-4.5M | -3.3% | -2.3% | 26 | 10.01 | 88% | 6,422 | 51 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Beaumont Health | 5% or greater direct ownership interest | 100 | 2014-09 | |
| Beaumont Health | operational/managerial control | 100 | 2014-09 | |
| Chad Tuttle | operational/managerial control | 100 | 2025-05 | |
| Corewell Health | 5% or greater indirect ownership interest | 100 | 2022-02 | chain |
| Kristine Donahue | operational/managerial control | 100 | 2022-07 | |
| Lamont Yoder | corporate director | 100 | 2025-05 | |
| Lamont Yoder | operational/managerial control | 100 | 2025-05 | |
| 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 | ||
| 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 | 2023-10 |
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 |