Stonecrest
dba Stonecrest Center ·
Detroit, Wayne County, MI
· CCN 234038
Licensed to Bca Of Detroit Llc
Composite
53.0
rank score
Distress
38
FY2023
Fit
85
vs thesis
Estimated ticket
$50.0M–$200M
182 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 uses the capital envelope well
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $63.2M |
| Operating margin | 21.4% |
| Total margin | 21.7% |
| Days cash on hand | 0 |
| Current ratio | -0.11 |
| Occupancy | 94% |
Facility
| Beds | 182 |
| 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 | 182 | $52.6M | $14.2M | 26.8% | 26.5% | 0 | -0.57 | 87% | 4,413 | 36 |
| 2021 | 182 | $58.6M | $15.7M | 26.8% | 26.8% | 0 | -0.19 | 90% | 4,196 | 36 |
| 2022 | 182 | $60.0M | $14.0M | 22.9% | 23.3% | 0 | -0.16 | 91% | 4,000 | 36 |
| 2023 | 182 | $63.2M | $13.7M | 21.4% | 21.7% | 0 | -0.11 | 94% | 3,559 | 38 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Acadia Healthcare Company Inc | 5% or greater indirect ownership interest | 100 | 2012-12 | chain |
| Commodore Acquisition Sub, Llc | 5% or greater indirect ownership interest | 5 | 2012-12 | |
| Brian Farley | corporate officer | 2023-07 | ||
| Christopher Hunter | corporate officer | 2022-04 | ||
| Deborah Kraemer | w-2 managing employee | 2012-06 | ||
| Paul Anderson | w-2 managing employee | 2025-08 | ||
| Stacie Harty | w-2 managing employee | 2018-06 | ||
| Todd Young | corporate officer | 2025-10 |
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 |