Mclaren Oakland
Pontiac, Oakland County, MI
· CCN 230207
Licensed to Mclaren Oakland
Composite
51.7
rank score
Distress
44
FY2023
Fit
75
vs thesis
Estimated ticket
$54.5M–$218M
109 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin under 2%
- total margin -8% to -3%
- 30-60 days cash on hand
- occupancy 45-60%
- 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
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $232M |
| Operating margin | 0.6% |
| Total margin | -7.2% |
| Days cash on hand | 60 |
| Current ratio | 3.34 |
| Occupancy | 51% |
Facility
| Beds | 109 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 105 | $183M | $5.8M | -8.0% | 2.8% | 121 | 1.34 | 52% | 4,119 | 32 |
| 2021 | 109 | $193M | $9.2M | -7.9% | 4.2% | 97 | 1.32 | 45% | 3,550 | 32 |
| 2022 | 107 | $214M | $18.2M | 1.6% | 7.9% | 61 | 2.03 | 48% | 3,277 | 19 |
| 2023 | 109 | $232M | $-15.6M | 0.6% | -7.2% | 60 | 3.34 | 51% | 4,642 | 44 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mclaren Health Care Corporation | 5% or greater direct ownership interest | 100 | 2007-10 | chain |
| Allen Prince | corporate director | 2003-07 | ||
| Angela Moore | corporate director | 2026-03 | ||
| Chad Grant | corporate director | 2022-05 | ||
| Derrick Mcdonald | corporate director | 2015-03 | ||
| Jacqui Spicer | corporate director | 2020-01 | ||
| Kevin Ball | corporate director | 2018-09 | ||
| Leo Bowman | corporate director | 2003-07 | ||
| Lorenzo Suter | corporate officer | 2024-10 | ||
| Lorenzo Suter | corporate director | 2024-10 | ||
| Lorenzo Suter | operational/managerial control | 2024-10 | ||
| Lynn Marcotte | corporate officer | 2018-04 | ||
| Lynn Marcotte | w-2 managing employee | 2018-04 | ||
| Lynn Marcotte | operational/managerial control | 2018-04 | ||
| Mary Mbiya | corporate director | 2019-07 | ||
| Philip Incarnati | other | 2007-10 | ||
| Tony Hain | corporate director | 2004-03 |
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 |