Mymichigan Medical Center Sault
Sault Ste. Marie, Chippewa County, MI
· CCN 230239
Licensed to Mymichigan Medical Center Sault
Composite
53.3
rank score
Distress
74
FY2024
Fit
50
vs thesis
Estimated ticket
$3.4M–$6.9M
49 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio under 1.5
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $122M |
| Operating margin | -13.8% |
| Total margin | -3.3% |
| Days cash on hand | 2 |
| Current ratio | 1.34 |
| Occupancy | 37% |
Facility
| Beds | 49 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 49 | $104M | $10.3M | -1.2% | 8.9% | 95 | 1.97 | 51% | 2,229 | 22 |
| 2021 | 49 | $113M | $11.4M | -1.7% | 9.0% | 94 | 1.80 | 52% | 2,284 | 22 |
| 2022 | 42 | $59.6M | $-2.3M | -5.9% | -3.7% | 137 | 1.64 | 65% | 1,054 | 39 |
| 2023 | 49 | $123M | $-1.6M | -8.8% | -1.2% | 11 | 1.55 | 50% | 2,021 | 54 |
| 2024 | 49 | $122M | $-4.4M | -13.8% | -3.3% | 2 | 1.34 | 37% | 1,700 | 74 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mymichigan Health | 5% or greater direct ownership interest | 100 | 2022-01 | |
| Amy Goetz | corporate officer | 2022-01 | ||
| Charles Palmer | corporate officer | 2020-01 | ||
| Garth Macmaster | corporate officer | 2022-01 | ||
| Holly Kibble | corporate director | 2014-01 | ||
| Jamie Adair | corporate officer | 2022-01 | ||
| Kevin Kalchik | corporate officer | 2014-01 | ||
| Kyle Raycraft | corporate officer | 2020-01 | ||
| Lydia Watson | corporate officer | 2022-12 | ||
| Mark Savoie | corporate officer | 2019-01 | ||
| Maxine Anderson | corporate officer | 2013-08 | ||
| Nicole Oliver | w-2 managing employee | 2023-04 | ||
| Ralph Duman | corporate officer | 2018-01 | ||
| Samantha Hunter | w-2 managing employee | 2023-07 | ||
| Sarah James | corporate officer | 2025-07 | ||
| Thomas Coates | corporate officer | 2019-01 | ||
| Tina Church | corporate director | 2023-07 |
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 |