Corewell Health Taylor
dba Corewell Health Taylor Hospital ·
Taylor, Wayne County, MI
· CCN 230270
Licensed to Oakwood Healthcare Inc
Composite
53.8
rank score
Distress
46
FY2024
Fit
78
vs thesis
Estimated ticket
$49.5M–$198M
99 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin negative
- 30-60 days cash on hand
- 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
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $192M |
| Operating margin | -3.3% |
| Total margin | -1.6% |
| Days cash on hand | 33 |
| Current ratio | 12.57 |
| Occupancy | 79% |
Facility
| Beds | 99 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 99 | $189M | $19.6M | 7.3% | 10.1% | 1 | 4.12 | 75% | 5,196 | 22 |
| 2022 | 99 | $186M | $2.6M | -2.6% | 1.3% | 1 | 3.37 | 76% | 4,702 | 41 |
| 2023 | 99 | $184M | $7.6M | -0.2% | 4.0% | 0 | 6.51 | 81% | 4,941 | 38 |
| 2024 | 99 | $192M | $-3.1M | -3.3% | -1.6% | 33 | 12.57 | 79% | 5,768 | 46 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Beaumont Health | 5% or greater direct ownership interest | 100 | 2014-09 | |
| Beaumont Health | operational/managerial control | 100 | 2014-09 | |
| Corewell Health | 5% or greater indirect ownership interest | 100 | 2022-02 | chain |
| Kristine Donahue | operational/managerial control | 100 | 2022-07 | |
| Matthew Cox | corporate officer | 100 | 2022-02 | |
| Abedelrahim Asfour | corporate director | 2021-01 | ||
| Anthony Stallion | corporate director | 2022-02 | ||
| Ashok Jain | corporate director | 2021-01 | ||
| Barbara Pilarski | corporate director | 2024-01 | ||
| Christina Freese Decker | corporate officer | 2022-02 | ||
| Faye Nelson | corporate director | 2022-06 | ||
| Linda Little | corporate director | 2022-06 | ||
| Marija Grahovac | corporate director | 2025-01 | ||
| Matthew Cox | operational/managerial control | 2022-02 | ||
| Mona Makki | corporate director | 2023-01 | ||
| Robert Skandalaris | corporate director | 2025-01 | ||
| Robert Welsh | corporate director | 2021-01 | ||
| Shane O'donnell | corporate director | 2024-01 | ||
| Warren Rose | corporate director | 2022-01 | ||
| Whitney Eckhoff | w-2 managing employee | 2023-10 |
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 |