Scheurer Hospital
dba Scheurer Health - Pigeon ·
Pigeon, Huron County, MI
· CCN 231310
Licensed to Scheurer Hospital
Composite
26.3
rank score
Distress
22
FY2024
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- occupancy below 30%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $61.5M |
| Operating margin | -4.2% |
| Total margin | 6.7% |
| Days cash on hand | 165 |
| Current ratio | 4.60 |
| Occupancy | 18% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $46.4M | $1.4M | -9.3% | 2.6% | 105 | 3.82 | 22% | 266 | 36 |
| 2022 | 25 | $49.1M | $485K | -10.2% | 0.9% | 122 | 4.01 | 22% | 320 | 44 |
| 2023 | 25 | $55.6M | $2.2M | -5.1% | 3.7% | 161 | 5.45 | 18% | 157 | 31 |
| 2024 | 25 | $61.5M | $4.6M | -4.2% | 6.7% | 165 | 4.60 | 18% | 126 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ali Khan | corporate director | 1994-10 | ||
| Ali Khan | w-2 managing employee | 1994-10 | ||
| Brent Wehner | corporate director | 2015-01 | ||
| Colleen Poisson | corporate director | 2007-10 | ||
| Gregory Woodke | corporate officer | 2025-03 | ||
| Jaime Shepherd | w-2 managing employee | 2025-12 | ||
| Janet Sloan | corporate officer | 2025-03 | ||
| Jay Dubey | corporate officer | 1991-10 | ||
| Julie Good | corporate officer | 2022-12 | ||
| Patrick Stecker | corporate director | 2022-12 | ||
| Rhonda Wisenbaugh | corporate director | 2015-01 | ||
| Ross Ramsey | corporate officer | 2022-12 | ||
| Ross Ramsey | operational/managerial control | 2022-12 | ||
| Scott Meyersieck | corporate officer | 1988-10 | ||
| Scott Rayl | corporate officer | 2025-03 | ||
| Terry Lutz | corporate director | 1995-10 | ||
| Terry Lutz | w-2 managing employee | 1995-10 | ||
| Theresa Hessling | corporate officer | 2025-03 | ||
| Wayne Keim | corporate officer | 2015-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.