Hills & Dales General Hospital
Cass City, Tuscola County, MI
· CCN 231316
Licensed to Hills & Dales General Hospital Inc
Composite
26.8
rank score
Distress
23
FY2023
Fit
41
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 30-60 days cash on hand
- 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 · FY2023
| Net patient revenue | $68.5M |
| Operating margin | 5.0% |
| Total margin | 11.3% |
| Days cash on hand | 59 |
| Current ratio | 2.47 |
| Occupancy | 30% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $34.8M | $308K | -3.8% | 0.8% | 132 | 1.77 | 16% | 246 | 32 |
| 2021 | 25 | $37.1M | $7.5M | -0.5% | 16.7% | 136 | 2.11 | 15% | 209 | 29 |
| 2022 | 25 | $41.2M | $4.7M | 1.2% | 10.3% | 138 | 2.61 | 24% | 284 | 20 |
| 2023 | 25 | $68.5M | $8.3M | 5.0% | 11.3% | 59 | 2.47 | 30% | 432 | 23 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andrew Daniels | corporate director | 2022-01 | ||
| Andrew Daniels | w-2 managing employee | 2022-01 | ||
| Angela Mcconnachie | corporate officer | 2024-01 | ||
| Angela Mcconnachie | w-2 managing employee | 2024-01 | ||
| Carol Starling | corporate officer | 2024-01 | ||
| David Messing | corporate officer | 2024-01 | ||
| Erik Tamlyn | corporate director | 2024-01 | ||
| Faith Fahrner | corporate officer | 2024-01 | ||
| Gail Denton | corporate officer | 2024-01 | ||
| Judy Brown | corporate officer | 2024-01 | ||
| Kayla Lasceski | corporate director | 2014-03 | ||
| Kayla Lasceski | w-2 managing employee | 2011-09 | ||
| Kimberly Gentner | corporate officer | 2024-01 | ||
| Patrick Curtis | corporate officer | 2024-01 | ||
| Paul Rohling | corporate director | 2024-01 | ||
| Scott Orr | corporate officer | 2024-01 | ||
| Steven Ellis | corporate officer | 2024-01 | ||
| Victoria Meiburg | corporate officer | 2024-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.