Genesys Regional Medical Ctr.
dba Henry Ford Genesys Hospital ·
Grand Blanc, Genesee County, MI
· CCN 230197
Licensed to Henry Ford Health Genesys Hospital
Composite
63.2
rank score
Distress
74
FY2024
Fit
70
vs thesis
Estimated ticket
$111M–$445M
318 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio under 1.5
- liabilities exceed assets
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $365M |
| Operating margin | -8.8% |
| Total margin | -5.9% |
| Days cash on hand | 0 |
| Current ratio | 1.33 |
| Occupancy | 64% |
Facility
| Beds | 318 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 350 | $409M | $55.8M | 0.6% | 12.1% | 2 | 0.75 | 62% | 17,256 | 53 |
| 2022 | 353 | $938M | $517M | 53.2% | 54.1% | 1 | 0.67 | 69% | 18,386 | 47 |
| 2023 | 333 | $363M | $-23.0M | -10.2% | -6.1% | 2 | 0.88 | 68% | 16,197 | 82 |
| 2024 | 318 | $365M | $-22.2M | -8.8% | -5.9% | 0 | 1.33 | 64% | 16,262 | 74 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Henry Ford Health System | 5% or greater indirect ownership interest | 100 | 1987-12 | chain |
| Henry Ford Health Parent | 5% or greater indirect ownership interest | 80 | 2024-10 | |
| Ascension Health | 5% or greater indirect ownership interest | 20 | 2024-10 | |
| Anthony Tersigni | corporate director | 2024-10 | ||
| Barry Porter | corporate director | 2020-01 | ||
| Calvin Ford | corporate director | 2025-01 | ||
| Charles Mcclure | corporate director | 2014-07 | ||
| Daniel Phelan | corporate director | 2022-01 | ||
| David Breen | corporate director | 2015-01 | ||
| Edgar Vann | corporate director | 2015-01 | ||
| Edward Callaghan | corporate director | 2025-09 | ||
| Eugene Lovasco | corporate director | 2024-10 | ||
| Farzan Siddiqui | corporate director | 2024-01 | ||
| Gerardo Norcia | corporate director | 2023-12 | ||
| Gregory Pflum | corporate director | 2025-09 | ||
| Gwendolyn Mackenzie | corporate director | 2025-09 | ||
| Jacalyn Goforth | corporate director | 2022-01 | ||
| Jason Williams | w-2 managing employee | 2024-10 | ||
| Jeffrey Fall | corporate director | 2025-09 | ||
| John Harris | corporate director | 2021-01 | ||
| Joseph Richardson | corporate director | 2016-01 | ||
| Lisa Fitzpatrick | corporate director | 2025-09 | ||
| Marjorie Staten | corporate officer | 2024-10 | ||
| Mary Ann Victor | corporate director | 2025-09 | ||
| Michael Rafferty | corporate director | 2020-01 |
Showing 25 of 31. Full list via /api/targets/230197.
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 |