Sparrow Eaton
dba University Of Michigan Health-Sparrow Eaton ·
Charlotte, Eaton County, MI
· CCN 231327
Licensed to Sparrow Eaton Hospital
Composite
29.1
rank score
Distress
23
FY2024
Fit
47
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%
- urban — higher occupancy and iteration surface
- 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 | $83.8M |
| Operating margin | 16.7% |
| Total margin | 22.8% |
| Days cash on hand | 52 |
| Current ratio | 2.85 |
| Occupancy | 30% |
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 | $51.3M | $7.4M | -13.7% | 11.2% | 67 | 2.55 | 12% | 413 | 47 |
| 2021 | 25 | $67.5M | $12.3M | 8.3% | 16.5% | 92 | 2.28 | 25% | 734 | 13 |
| 2022 | 25 | $76.1M | $7.1M | 11.5% | 9.6% | 52 | 1.47 | 35% | 866 | 26 |
| 2023 | 25 | $39.4M | $10.5M | 17.4% | 24.4% | 140 | 1.63 | 37% | 498 | 10 |
| 2024 | 25 | $83.8M | $20.6M | 16.7% | 22.8% | 52 | 2.85 | 30% | 732 | 23 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Regents Of The University Of Michigan | 5% or greater indirect ownership interest | 100 | 2023-04 | |
| Sparrow Health System | 5% or greater direct ownership interest | 100 | 2019-10 | |
| Um Health | 5% or greater indirect ownership interest | 100 | 2023-04 | |
| Anthony Mazzali | corporate officer | 2025-07 | ||
| Bruce Courtade | corporate officer | 2025-07 | ||
| Candace Metcalf | corporate officer | 2025-07 | ||
| Carol Priebe Wiles | corporate officer | 2025-07 | ||
| Daniel Balice | corporate officer | 2025-07 | ||
| Eric Strucko | corporate officer | 2025-07 | ||
| Gregory Holzhei | corporate officer | 2025-07 | ||
| Harper Wildern | corporate officer | 2025-07 | ||
| John Hendrickson | corporate officer | 2025-07 | ||
| John Milewski | corporate officer | 2025-07 | ||
| Lakeeya Tucker | corporate officer | 2025-07 | ||
| Laura Gibson | corporate officer | 2025-07 | ||
| Margaret Dimond | corporate officer | 2024-01 | ||
| Margaret Dimond | w-2 managing employee | 2024-01 | ||
| Matthew Wilcox | corporate officer | 2025-07 | ||
| Misty Russian | w-2 managing employee | 2024-01 | ||
| Timothy Williams | corporate officer | 2025-07 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.