Corewell Health- Farmington Hills
dba Corewell Health Farmington Hills Hospital ·
Farmington Hills, MI
· CCN 230151
Licensed to Botsford General Hospital
Composite
35.7
rank score
Distress
20
FY2023
Fit
62
vs thesis
Estimated ticket
$20.9M–$41.8M
209 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $480M |
| Operating margin | 7.4% |
| Total margin | 15.8% |
| Days cash on hand | 12 |
| Current ratio | 13.60 |
| Occupancy | 76% |
Facility
| Beds | 209 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 226 | $388M | $28.8M | 5.1% | 6.8% | 4 | 1.06 | 70% | 12,019 | 26 |
| 2021 | 226 | $413M | $9.3M | 6.9% | 2.2% | 1 | 4.84 | 75% | 11,515 | 22 |
| 2022 | 225 | $434M | $-36.0M | 3.3% | -8.1% | 4 | 5.78 | 76% | 10,438 | 39 |
| 2023 | 209 | $480M | $76.5M | 7.4% | 15.8% | 12 | 13.60 | 76% | 10,812 | 20 |
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 | 2025-11 | |
| Lamont Yoder | operational/managerial control | 100 | 2025-05 | |
| 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 | ||
| Mark Davidoff | corporate director | 2026-01 | ||
| Matthew Cox | corporate officer | 2022-02 | ||
| Mona Makki | corporate director | 2023-01 | ||
| Nicholas Gates | corporate director | 2026-01 | ||
| 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 |