Bronson Lakeview Hospital
Paw Paw, Van Buren County, MI
· CCN 231332
Licensed to Bronson Lakeview Hospital
Composite
17.5
rank score
Distress
5
FY2023
Fit
38
vs thesis
Estimated ticket
$1.4M–$2.7M
16 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- occupancy 30-45%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $81.9M |
| Operating margin | 23.3% |
| Total margin | 25.9% |
| Days cash on hand | 350 |
| Current ratio | 6.95 |
| Occupancy | 40% |
Facility
| Beds | 16 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 16 | $50.9M | $10.5M | 1.3% | 17.3% | 155 | 4.45 | 17% | 486 | 16 |
| 2021 | 16 | $70.1M | $16.8M | 18.8% | 22.7% | 233 | 5.85 | 37% | 747 | 6 |
| 2022 | 16 | $67.9M | $12.8M | 14.6% | 18.0% | 320 | 6.31 | 46% | 758 | 2 |
| 2023 | 16 | $81.9M | $22.0M | 23.3% | 25.9% | 350 | 6.95 | 40% | 769 | 5 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Bronson Health Care Group Inc | 5% or greater direct ownership interest | 100 | 2008-01 | |
| Ashley Rhoderick | w-2 managing employee | 2020-04 | ||
| Barbara James | corporate director | 2008-01 | ||
| Bill Manns | corporate officer | 2020-05 | ||
| Brenda Hunt | corporate director | 2011-07 | ||
| Bronson Health Care Group Inc | operational/managerial control | 2008-01 | ||
| Cheryl Johnson | corporate officer | 2021-01 | ||
| Denise Neely | corporate officer | 2005-01 | ||
| Donald Parfet | corporate director | 2008-01 | ||
| Emilee Nason | w-2 managing employee | 2020-04 | ||
| James Falahee | corporate officer | 2014-06 | ||
| James Falahee | w-2 managing employee | 2014-06 | ||
| James Liggins | corporate director | 2016-01 | ||
| Jamie Squires | w-2 managing employee | 2022-01 | ||
| Jorge Gonzalez | corporate director | 2018-01 | ||
| Kirk Richardson | corporate officer | 2014-06 | ||
| Kirk Richardson | w-2 managing employee | 2014-06 | ||
| Lajune Montgomery-Tabron | corporate director | 2011-07 | ||
| Leigh Colegrove | w-2 managing employee | 2021-10 | ||
| Mahesh Karamchandani | corporate director | 2011-07 | ||
| Marisa Eason | w-2 managing employee | 2022-01 | ||
| Mark Atkinson | corporate director | 2012-09 | ||
| Mary Fink | corporate director | 2017-01 | ||
| Michael Odar | corporate director | 2016-07 | ||
| Mike Way | corporate officer | 1986-01 |
Showing 25 of 40. Full list via /api/targets/231332.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.