Bell Memorial Hospital
dba Up Health System Bell ·
Ishpeming, Marquette County, MI
· CCN 231321
Licensed to Acquisition Bell Hospital Llc
Composite
35.0
rank score
Distress
35
FY2024
Fit
48
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
for-profit
CAH
Why it ranks here
- under 30 days cash on hand
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $63.3M |
| Operating margin | 6.1% |
| Total margin | 8.7% |
| Days cash on hand | 7 |
| Current ratio | 2.59 |
| Occupancy | 32% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | for-profit |
| 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 | $50.4M | $9.9M | 5.4% | 17.1% | 0 | 1.80 | 35% | 913 | 28 |
| 2022 | 25 | $51.6M | $6.2M | 2.5% | 10.9% | 1 | 2.63 | 37% | 963 | 28 |
| 2023 | 25 | $55.4M | $4.9M | 3.5% | 8.4% | 2 | 2.13 | 43% | 1,005 | 28 |
| 2024 | 25 | $63.3M | $5.7M | 6.1% | 8.7% | 7 | 2.59 | 32% | 806 | 35 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dsb Acquisition Llc | 5% or greater indirect ownership interest | 100 | 2018-11 | |
| Historic Lifepoint Hospitals, Llc | 5% or greater indirect ownership interest | 100 | 2013-05 | |
| Legacy Lifepoint Health Llc | 5% or greater indirect ownership interest | 100 | 2013-05 | |
| Lifepoint Health Inc | 5% or greater indirect ownership interest | 100 | 2018-11 | |
| Lifepoint Holdings 2 Llc | 5% or greater direct ownership interest | 100 | 2013-05 | |
| Lifepoint Hospitals Holdings Llc | 5% or greater indirect ownership interest | 100 | 2013-05 | |
| Alyson Sundberg | w-2 managing employee | 2025-05 | ||
| Charlotte Lawrence | corporate officer | 2022-01 | ||
| Christopher Monte | corporate officer | 2013-05 | ||
| Elliott Brown | corporate officer | 2026-04 | ||
| Elmer Polite | corporate officer | 2020-12 | ||
| Lifepoint Corporate Services General Partnership | operational/managerial control | 2015-01 | ||
| Marcus Poppell | corporate officer | 2013-05 | ||
| Phillip Sensing | corporate officer | 2026-05 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.