Ascension Providence Rochester Hospi
dba Henry Ford Rochester Hospital ·
Rochester, Oakland County, MI
· CCN 230254
Licensed to Henry Ford Health Rochester Hospital
Composite
62.7
rank score
Distress
80
FY2024
Fit
62
vs thesis
Estimated ticket
$11.5M–$23.0M
164 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio under 1.5
- debt above 85% of assets
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $240M |
| Operating margin | -12.8% |
| Total margin | -11.0% |
| Days cash on hand | 0 |
| Current ratio | 1.07 |
| Occupancy | 65% |
Facility
| Beds | 164 |
| 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 | 180 | $232M | $-12.0M | -0.6% | -5.4% | 40 | 0.65 | 58% | 8,920 | 71 |
| 2022 | 158 | $233M | $-14.4M | -8.7% | -6.0% | 24 | 0.85 | 71% | 9,609 | 73 |
| 2023 | 153 | $250M | $-4.6M | -4.6% | -1.8% | 29 | 1.25 | 77% | 9,918 | 57 |
| 2024 | 164 | $240M | $-26.8M | -12.8% | -11.0% | 0 | 1.07 | 65% | 10,223 | 80 |
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 | ||
| 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 | ||
| Frederiek Toney | corporate director | 2021-01 | ||
| 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 | corporate officer | 2024-10 | ||
| 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 | ||
| Mary Ann Victor | corporate director | 2025-09 | ||
| Michael Rafferty | corporate director | 2020-01 |
Showing 25 of 31. Full list via /api/targets/230254.
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 |