Forest View Hospital
dba Forest View Psychiatric Hospital ·
Grand Rapids, Kent County, MI
· CCN 234030
Licensed to Forest View Psychiatric Hospital Inc
Composite
51.4
rank score
Distress
38
FY2023
Fit
81
vs thesis
Estimated ticket
$29.7M–$119M
108 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- margin deteriorating
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $44.0M |
| Operating margin | 20.3% |
| Total margin | 20.8% |
| Days cash on hand | 0 |
| Current ratio | -0.05 |
| Occupancy | 83% |
Facility
| Beds | 108 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $275K |
| Per-bed (high) | $1.1M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 108 | $36.7M | $9.6M | 23.4% | 25.4% | 4 | -0.04 | 76% | 3,241 | 36 |
| 2021 | 108 | $39.3M | $11.1M | 25.4% | 27.4% | 2 | -0.05 | 78% | 3,071 | 36 |
| 2022 | 108 | $40.6M | $10.4M | 24.6% | 25.3% | 0 | -0.04 | 79% | 3,089 | 36 |
| 2023 | 108 | $44.0M | $9.2M | 20.3% | 20.8% | 0 | -0.05 | 83% | 3,342 | 38 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cheryl Ramagano | corporate officer | 100 | 2010-07 | |
| Katharine Lyver | corporate officer | 100 | 2024-01 | |
| Matthew Klein | corporate officer | 100 | 2010-07 | |
| Matthew Peterson | corporate officer | 100 | 2019-09 | |
| Matthew Peterson | operational/managerial control | 100 | 2019-09 | |
| Steve Filton | corporate officer | 100 | 2010-07 | |
| Steve Filton | operational/managerial control | 100 | 2010-07 | |
| Uhs Of Delaware Inc | operational/managerial control | 100 | 2014-01 | chain |
| Universal Health Services Inc | 5% or greater direct ownership interest | 100 | 2010-07 | |
| Alan Miller | 5% or greater indirect ownership interest | 87 | 2024-03 | |
| Matthew Peterson | corporate director | 33 | 2019-09 | |
| Steve Filton | corporate director | 33 | 2010-07 | |
| David Argenzio | contracted managing employee | 2025-02 | ||
| David Argenzio | corporate officer | 2025-02 | ||
| George Brunner | corporate officer | 2010-07 | ||
| James Coleman | contracted managing employee | 2010-07 | ||
| Thomas Day | corporate officer | 2021-07 | ||
| Thomas Day | corporate director | 2021-07 |
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 |
|---|---|---|---|---|
| 2025-02-23 | Hfhs-Acadia Joint Venture Llc | Henry Ford Health System | Kingswood Hospital | 221 |