Mymichigan Medical Center Clare
Clare, MI
· CCN 230180
Licensed to Mymichigan Medical Center Clare
Composite
26.1
rank score
Distress
17
FY2024
Fit
46
vs thesis
Estimated ticket
$4.9M–$9.8M
49 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 60-90 days cash on hand
- occupancy below 30%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $104M |
| Operating margin | 15.2% |
| Total margin | 22.5% |
| Days cash on hand | 65 |
| Current ratio | 6.84 |
| Occupancy | 17% |
Facility
| Beds | 49 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 49 | $54.7M | $3.4M | -0.9% | 5.7% | 70 | 2.21 | 13% | 678 | 34 |
| 2022 | 49 | $61.8M | $1.3M | 3.8% | 2.2% | 18 | 1.28 | 16% | 963 | 34 |
| 2023 | 49 | $67.7M | $7.3M | 0.3% | 9.7% | 6 | 4.06 | 13% | 740 | 38 |
| 2024 | 49 | $104M | $25.5M | 15.2% | 22.5% | 65 | 6.84 | 17% | 962 | 17 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Charles Sherwin | corporate director | 2026-03 | ||
| Mymichigan Health | operational/managerial control | 2014-07 | ||
| Samantha Hunter | w-2 managing employee | 2022-01 | ||
| Sarah James | corporate officer | 2025-07 | ||
| Tina Church | corporate director | 2021-04 | ||
| Tina Church | w-2 managing employee | 2021-04 | ||
| Tricia Gorde | corporate director | 2024-08 | ||
| Trudy Shira | w-2 managing employee | 2015-03 |
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 |