Sturgis Hospital Inc.
dba Sturgis Hospital ·
Sturgis, St. Joseph County, MI
· CCN 230779
Licensed to Sturgis Hospital Inc
Composite
23.3
rank score
Distress
100
FY2023
Fit
33
vs thesis
Estimated ticket
—–—
— beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- rural — cheaper but limited density
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $3.4M |
| Operating margin | -54.1% |
| Total margin | -51.7% |
| Days cash on hand | 0 |
| Current ratio | -0.45 |
| Occupancy | — |
Facility
| Beds | — |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | — |
| Per-bed (high) | — |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | — | $3.4M | $-1.8M | -54.1% | -51.7% | 0 | -0.45 | — | — | 100 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Sturgis Hospital Inc | 5% or greater direct ownership interest | 100 | 2010-01 | |
| Arthur Ebert | corporate director | 2021-06 | ||
| Bharat Vakharia | corporate officer | 2003-06 | ||
| Gabe Alvez | corporate director | 2021-06 | ||
| Jeannie Gerchow | corporate director | 2004-07 | ||
| Jeremy Gump | corporate officer | 2018-03 | ||
| Katherine Gauthier | corporate director | 2021-06 | ||
| Lindsay Richardson | corporate director | 2021-06 | ||
| Patrick Haas | corporate officer | 2009-11 | ||
| Robert Morin | w-2 managing employee | 2019-09 |
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 |