Mymichigan Medical Center Gladwin
Gladwin, MI
· CCN 231325
Licensed to Mymichigan Medical Center Gladwin
Composite
26.8
rank score
Distress
23
FY2024
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 · FY2024
| Net patient revenue | $51.1M |
| Operating margin | 9.6% |
| Total margin | 25.1% |
| Days cash on hand | 41 |
| Current ratio | 19.40 |
| Occupancy | 13% |
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 | $37.1M | $12.3M | -3.2% | 24.4% | 41 | 12.78 | 13% | 371 | 41 |
| 2022 | 25 | $44.3M | $556K | 10.3% | 1.4% | 74 | 11.65 | 15% | 455 | 22 |
| 2023 | 25 | $45.8M | $10.1M | 8.4% | 19.4% | 6 | 17.21 | 12% | 302 | 31 |
| 2024 | 25 | $51.1M | $15.5M | 9.6% | 25.1% | 41 | 19.40 | 13% | 352 | 23 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alan Bruder | corporate director | 2022-01 | ||
| Elizabeth Daniels | corporate director | 2022-01 | ||
| Glenn Smith | contracted managing employee | 2015-01 | ||
| Gregory Rogers | corporate director | 2022-01 | ||
| Jeffrey Fossitt | corporate director | 2022-01 | ||
| John Duff | corporate director | 2022-01 | ||
| John Stoneback | corporate director | 2022-01 | ||
| Jolene Compton | contracted managing employee | 2015-01 | ||
| Kevin Elliott | corporate director | 2022-01 | ||
| Mymichigan Health | operational/managerial control | 2014-07 | ||
| Paul Bucchi | corporate director | 2022-01 | ||
| Raymond Stover | corporate officer | 2015-01 | ||
| Samantha Hunter | w-2 managing employee | 2022-01 | ||
| Sarah James | corporate officer | 2025-07 | ||
| Thomas Kish | corporate director | 2022-01 | ||
| Tina Church | corporate director | 2022-01 | ||
| Tina Church | w-2 managing employee | 2022-01 | ||
| Tricia Gorde | corporate director | 2024-08 | ||
| Trudy Shira | corporate director | 2013-01 | ||
| Trudy Shira | w-2 managing employee | 2015-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.