Sparrow Clinton Hospital
dba University Of Michigan Health-Sparrow Clinton ·
St. Johns, Clinton County, MI
· CCN 231326
Licensed to Sparrow Clinton Hospital
Composite
31.3
rank score
Distress
20
FY2024
Fit
51
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 30-45%
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $71.7M |
| Operating margin | 18.7% |
| Total margin | 32.8% |
| Days cash on hand | 57 |
| Current ratio | 9.35 |
| Occupancy | 31% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | urban |
| 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 | $43.1M | $17.9M | -1.7% | 28.9% | 22 | 2.32 | 24% | 659 | 47 |
| 2021 | 25 | $52.7M | $21.5M | 10.7% | 31.4% | 48 | 2.78 | 30% | 727 | 26 |
| 2022 | 25 | $59.3M | $-9.2M | 9.2% | -20.5% | 25 | 8.40 | 31% | 768 | 44 |
| 2023 | 25 | $32.8M | $15.6M | 17.9% | 36.6% | 44 | 4.04 | 29% | 370 | 26 |
| 2024 | 25 | $71.7M | $28.5M | 18.7% | 32.8% | 57 | 9.35 | 31% | 656 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Sparrow Health System | 5% or greater direct ownership interest | 100 | 2010-01 | chain |
| Alan Vierling | corporate officer | 2010-01 | ||
| Alan Vierling | w-2 managing employee | 2010-01 | ||
| Colleen Hogle | contracted managing employee | 2013-04 | ||
| Margaret Dimond | corporate director | 2024-01 | ||
| Margaret Dimond | w-2 managing employee | 2024-01 | ||
| Misty Russian | w-2 managing employee | 2024-01 | ||
| Um Health | 5% or greater indirect ownership interest | 2024-04 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.