Harbor Beach Community Hospital
Harbor Beach, Huron County, MI
· CCN 231313
Licensed to Harbor Beach Community Hospital Inc
Composite
35.2
rank score
Distress
48
FY2023
Fit
34
vs thesis
Estimated ticket
$1.3M–$2.5M
15 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- 60-90 days cash on hand
- occupancy below 30%
- margin deteriorating
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $15.6M |
| Operating margin | -16.5% |
| Total margin | 4.5% |
| Days cash on hand | 80 |
| Current ratio | 3.64 |
| Occupancy | 3% |
Facility
| Beds | 15 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 15 | $12.0M | $1.2M | -21.8% | 7.6% | 226 | 1.65 | 6% | 71 | 37 |
| 2021 | 15 | $14.3M | $2.1M | -15.3% | 11.1% | 112 | 3.05 | 7% | 109 | 41 |
| 2022 | 15 | $15.7M | $421K | -16.3% | 2.3% | 89 | 2.48 | 4% | 76 | 47 |
| 2023 | 15 | $15.6M | $859K | -16.5% | 4.5% | 80 | 3.64 | 3% | 55 | 48 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ali Khan | corporate director | 2025-03 | ||
| Brent Wehner | corporate director | 2025-03 | ||
| Colleen Poisson | corporate director | 2025-03 | ||
| Gregory Woodke | corporate director | 2015-06 | ||
| Janet Sloan | corporate director | 2013-04 | ||
| Jay Dubey | corporate director | 2025-03 | ||
| Jill Wehner | corporate director | 1999-11 | ||
| Jill Wehner | w-2 managing employee | 1999-11 | ||
| Julie Good | corporate director | 2025-03 | ||
| Michael Otto | corporate director | 2025-03 | ||
| Patrick Stecker | corporate director | 2025-03 | ||
| Rhonda Wisenbaugh | corporate director | 2025-03 | ||
| Scott Meyersieck | corporate director | 2025-03 | ||
| Scott Rayl | corporate director | 2010-04 | ||
| Theresa Hessling | corporate director | 2025-03 | ||
| Wayne Keim | corporate director | 2025-03 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.