Mclaren Bay Special Care
Bay City, Bay County, MI · CCN 232020
Composite
21.6
rank score
Distress
0
FY2023
Fit
54
vs thesis
Estimated ticket
$4.5M–$18.0M
15 beds ·
within envelope
Ownership
nonprofit
LTCH
Why it ranks here
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- very small facility
- 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 | $6.7M |
| Operating margin | 11.5% |
| Total margin | 47.1% |
| Days cash on hand | 323 |
| Current ratio | 7.68 |
| Occupancy | 74% |
Facility
| Beds | 15 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $300K |
| Per-bed (high) | $1.2M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 31 | $6.2M | $2.7M | 13.7% | 33.2% | 305 | 3.57 | 37% | 196 | 6 |
| 2021 | 31 | $6.9M | $7.9M | 19.3% | 58.8% | 292 | 5.15 | 39% | 200 | 6 |
| 2022 | 15 | $7.2M | $-6.0M | 16.9% | 34,357.1% | 234 | 5.16 | 74% | 176 | 0 |
| 2023 | 15 | $6.7M | $5.3M | 11.5% | 47.1% | 323 | 7.68 | 74% | 171 | 0 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in MI
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2018-05-01 | Select Specialty - Downriver Llc | Select Specialty Hospital -... | Ssh - Wyandotte | 71 |
| 2017-08-01 | Special Care Hospital, Llc | Spectrum Health Kent Community Campus | Ssh - Spectrum Health | 36 |