St. John Brighton
dba Henry Ford Health Brighton Center For Recovery ·
Brighton, Livingston County, MI
· CCN 230279
Licensed to Ascension Brighton Center For Recovery
Composite
61.1
rank score
Distress
65
FY2024
Fit
75
vs thesis
Estimated ticket
$42.1M–$168M
99 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 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 · FY2024
| Net patient revenue | $14.3M |
| Operating margin | -12.2% |
| Total margin | -10.3% |
| Days cash on hand | — |
| Current ratio | 1.62 |
| Occupancy | 50% |
Facility
| Beds | 99 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 99 | $9.2M | $34.6K | -52.9% | 0.2% | 3 | 2.29 | 31% | 1,184 | 59 |
| 2022 | 99 | $10.3M | $-2.9M | -39.8% | -25.1% | — | 0.88 | 35% | 1,346 | 76 |
| 2023 | 99 | $13.1M | $-1.4M | -13.0% | -10.7% | — | 1.06 | 47% | 1,525 | 64 |
| 2024 | 99 | $14.3M | $-1.5M | -12.2% | -10.3% | — | 1.62 | 50% | 1,459 | 65 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ascension Michigan | 5% or greater direct ownership interest | 100 | 2020-05 | chain |
| Henry Ford Health System | 5% or greater indirect ownership interest | 100 | 1987-12 | |
| 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 | ||
| David Hempstead | corporate director | 2007-01 | ||
| Edgar Vann | corporate director | 2015-01 | ||
| Eugene Lovasco | corporate director | 2024-10 | ||
| Farzan Siddiqui | corporate director | 2024-01 | ||
| Frederiek Toney | corporate director | 2021-01 | ||
| Gerardo Norcia | corporate director | 2023-12 | ||
| Jacalyn Goforth | corporate director | 2022-01 | ||
| Jason Williams | corporate director | 2024-10 | ||
| John Harris | corporate director | 2021-01 | ||
| Joseph Richardson | corporate director | 2016-01 | ||
| Lynn Alandt | corporate director | 2007-01 | ||
| Marjorie Staten | corporate officer | 2024-10 | ||
| Michael Rafferty | corporate director | 2020-01 | ||
| Robert Riney | corporate director | 2022-07 | ||
| Robin Damschroder | corporate officer | 2024-10 | ||
| Robin Damschroder | operational/managerial control | 2024-10 |
Showing 25 of 26. Full list via /api/targets/230279.
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 |