Metropolitan Hospital
dba University Of Michigan Health - West ·
Wyoming, Kent County, MI
· CCN 230236
Licensed to Metropolitan Hospital
Composite
56.5
rank score
Distress
73
FY2024
Fit
59
vs thesis
Estimated ticket
$14.1M–$28.1M
201 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
- debt above 85% of assets
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $555M |
| Operating margin | -8.0% |
| Total margin | -3.1% |
| Days cash on hand | 5 |
| Current ratio | 1.38 |
| Occupancy | 54% |
Facility
| Beds | 201 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 190 | $1.3B | $854M | 63.0% | 63.5% | 46 | 1.43 | 55% | 9,695 | 27 |
| 2022 | 190 | $505M | $4.6M | -4.1% | 0.9% | 16 | 1.27 | 63% | 9,190 | 49 |
| 2023 | 201 | $512M | $-32.4M | -11.3% | -6.0% | 5 | 1.20 | 55% | 8,911 | 76 |
| 2024 | 201 | $555M | $-17.8M | -8.0% | -3.1% | 5 | 1.38 | 54% | 9,699 | 73 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Regents Of The University Of Michigan | 5% or greater indirect ownership interest | 100 | 2016-12 | |
| Um Health | 5% or greater direct ownership interest | 100 | 2016-12 | |
| Bruce Courtade | corporate director | 5 | 2020-11 | |
| Laura Gibson | corporate director | 5 | 2020-11 | |
| Timothy Williams | corporate director | 5 | 2020-11 | |
| Anthony Mazzali | corporate director | 2025-07 | ||
| Candace Metcalf | corporate director | 2025-07 | ||
| Carol Priebe Wiles | corporate officer | 2025-07 | ||
| Corey Glass | w-2 managing employee | 2024-04 | ||
| Daniel Balice | corporate director | 2025-07 | ||
| Eric Strucko | corporate officer | 2025-07 | ||
| Gregory Holzhei | corporate director | 2025-07 | ||
| Harper Wildern | corporate director | 2025-07 | ||
| John Hendrickson | corporate director | 2020-11 | ||
| John Milewski | corporate director | 2025-07 | ||
| Kristi Belmore | w-2 managing employee | 2024-04 | ||
| Lakeeya Tucker | corporate officer | 2025-07 | ||
| Margaret Dimond | corporate officer | 2024-01 | ||
| Margaret Dimond | w-2 managing employee | 2024-01 | ||
| Matthew Wilcox | corporate director | 2025-07 |
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 |