Mh-Lakeshore Campus
dba Trinity Health Shelby Hospital ·
Shelby, Oceana County, MI
· CCN 231320
Licensed to Mercy Health Partners
Composite
21.8
rank score
Distress
14
FY2024
Fit
34
vs thesis
Estimated ticket
$2.0M–$4.1M
24 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- occupancy below 30%
- margin deteriorating
- part of a multi-hospital chain — divestiture candidate
- 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 · FY2024
| Net patient revenue | $38.5M |
| Operating margin | 3.3% |
| Total margin | 25.6% |
| Days cash on hand | 421 |
| Current ratio | 5.51 |
| Occupancy | 15% |
Facility
| Beds | 24 |
| 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 | 24 | $30.4M | $10.5M | -11.9% | 27.9% | 459 | 4.13 | 10% | 295 | 37 |
| 2022 | 24 | $37.7M | $5.1M | 4.9% | 11.4% | 488 | 3.88 | 13% | 381 | 9 |
| 2023 | 24 | $41.9M | $14.2M | 12.3% | 30.7% | 592 | 5.80 | 12% | 405 | 9 |
| 2024 | 24 | $38.5M | $10.8M | 3.3% | 25.6% | 421 | 5.51 | 15% | 448 | 14 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Trinity Health Corporation | 5% or greater indirect ownership interest | 100 | 2008-04 | chain |
| Trinity Health-Michigan | 5% or greater indirect ownership interest | 100 | 2008-04 | |
| Christian Schafer | corporate officer | 2026-01 | ||
| Daniel Green | operational/managerial control | 2023-01 | ||
| Edmund Hodge | corporate director | 2019-01 | ||
| Eric Ferguson | corporate director | 2021-08 | ||
| Gary Allore | contracted managing employee | 2012-08 | ||
| Gary Allore | corporate officer | 2017-09 | ||
| Gary Allore | operational/managerial control | 2012-08 | ||
| Jean Nagelkerk | corporate officer | 2025-01 | ||
| Jean Nagelkerk | corporate director | 2019-01 | ||
| Joseph Fleck | corporate director | 2026-01 | ||
| Linda Werthman | corporate director | 2020-08 | ||
| Michael Gusho | corporate officer | 2018-01 | ||
| Michael Williams | corporate director | 2025-01 | ||
| Paula Chermside | corporate director | 2026-01 | ||
| Sara Dolan | corporate director | 2025-01 | ||
| Shannon Striebich | corporate officer | 2024-07 | ||
| Shannon Striebich | corporate director | 2024-07 | ||
| Spencer Maidlow | corporate director | 2019-01 | ||
| Suzanne Mellon | corporate director | 2021-08 | ||
| Wayman Britt | corporate officer | 2025-01 | ||
| Wayman Britt | corporate director | 2019-03 | ||
| William Morris | corporate director | 2022-03 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.