dealflow
envelope $200M

← Targets

St. Francis Hospital

dba Osf Healthcare St. Francis Hospital & Medical Group · Escanaba, MI · CCN 231337
Licensed to St Francis Hospital

Composite
36.6
rank score
Distress
30
FY2023
Fit
53
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds · within envelope
Ownership
nonprofit
CAH

Why it ranks here

  • under 30 days cash on hand
  • liabilities exceed assets
  • part of a multi-hospital chain — divestiture candidate
  • rural — cheaper but limited density
  • small but workable bed count
  • very small ticket — sub-scale as a platform asset
  • strong occupancy — good iteration surface
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$114M
Operating margin 8.3%
Total margin 10.9%
Days cash on hand 0
Current ratio 5.10
Occupancy65%

Facility

Beds25
Facility typeCAH
Settingrural
Ownership classnonprofit
Per-bed (low) $85.0K
Per-bed (high) $170K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 25 $74.0M $-10.4M -23.8% -12.8% 7 0.94 37% 1,373 92
2021 25 $97.5M $9.3M 2.1% 8.6% 0 1.41 50% 1,593 39
2022 25 $106M $15.2M 7.8% 13.2% 0 2.61 64% 1,864 22
2023 25 $114M $13.0M 8.3% 10.9% 0 5.10 65% 1,851 30

Owners

OwnerRole%SinceType
Anne Ziegler corporate director 2021-01
Brian Silverstein corporate director 2015-10
Bridget Meidl corporate director 2014-11
Gerald Mcshane corporate director 1996-09
Judith Duvall corporate officer 2006-10
Judith Duvall corporate director 1989-10
Kathleen Williams corporate officer 2014-11
Kathleen Williams corporate director 2003-01
Kelly Jefferson w-2 managing employee 2022-01
Kirsten Largent corporate officer 2024-11
Kirsten Largent w-2 managing employee 2024-11
Kirsten Largent operational/managerial control 2024-11
Melanie Mann corporate officer 2024-10
Melanie Mann corporate director 2006-10
Michelle Conger corporate officer 2025-01
Michelle Conger corporate director 2025-01
Michelle Conger operational/managerial control 2025-01
Osf Healthcare Ministries
Peoria, IL
operational/managerial control 2024-11
Osf Healthcare System
Peoria, IL
operational/managerial control 2012-07 chain
Patricia Brazeau corporate officer 2006-10
Patricia Brazeau corporate director 2016-01
Paula Selamat corporate director 2024-10
Robert Sehring corporate officer 2017-10
Robert Sehring corporate director 2017-10

Ownership changes

No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.