Center For Forensic Psychiatry
Ann Arbor, Washtenaw County, MI
· CCN 234041
Licensed to State Of Michigan Office Of Financial Management
Composite
31.2
rank score
Distress
0
FY2023
Fit
78
vs thesis
Estimated ticket
$74.8M–$299M
272 beds ·
within envelope
Ownership
government
PH
Why it ranks here
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- large — ticket likely stretches the envelope
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $103M |
| Operating margin | 2.3% |
| Total margin | — |
| Days cash on hand | — |
| Current ratio | — |
| Occupancy | 83% |
Facility
| Beds | 272 |
| Facility type | PH |
| Setting | urban |
| Ownership class | government |
| 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 | 272 | $7.0M | — | -1,089.4% | — | — | — | 89% | 265 | 58 |
| 2021 | 272 | $15.4M | — | -511.6% | — | — | — | 82% | 198 | 58 |
| 2022 | 272 | $8.2M | — | -1,045.3% | — | — | — | 84% | 197 | 58 |
| 2023 | 272 | $103M | — | 2.3% | — | — | — | 83% | 228 | 0 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andrea Vandenbergh | corporate officer | 100 | 2019-07 | |
| Andrea Vandenbergh | w-2 managing employee | 100 | 2019-07 | |
| State Of Michigan Office Of Financial Management | 5% or greater direct ownership interest | 100 | 1975-08 |
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 |