HOSPICE OF LENAWEE

ADRIAN, MICCN: 231537
GREEN
CON State

Overall

67.1

Quality

73.3

Compliance

45.0

Operational

70.0

Market

85.0

CAHPS Survey Rating

5.0

Family Caregiver Survey

Contact Information

Address

1903 WOLF CREEK HWY

ADRIAN, MI 49221

Website

No website on file

Administrator

KIMBERLY JONES, DIRECTOR OF HUMAN RESOURCES

Financial & Registry Data

Cost Report (2024)
Revenue$9.5M
Expenses$7.6M
Net Income$1.93M
Cost/Day$255

Provider Details

CountyLenawee
Ownership TypeOther
ADC97
ADC Fitmarginal
Service Area (ZIPs)64
Market TypeUrban
CertifiedSep 6, 1990
County Demographics
65+ Population20,823
% 65+21.0%
Median Income$65,484

Ownership Profile

Complexityunknown
Owner Count
PE/Investment BackedNo
Chain AffiliatedNo
Recent Ownership ChangeNo

Classification Reasons

CON state provides regulatory moat
Strong quality metrics (score: 73)
Strong operational performance

Outreach Status

Readiness

Ready - Prioritize for outreach

Deal Type

Platform potential

Sell-Side Hypothesis

Compliance challenges may motivate divestiture

Rating Sensitivity

Upgrade Triggers

Already at highest classification

Downgrade Triggers

Quality or compliance metrics decline in next CMS refresh; Material compliance investigation or survey deficiency; Significant ownership change or PE exit

Owner Carry-Back Analysis

88/100
HIGH
Independent Ownership+30

Not backed by private equity - more likely to consider creative financing

Standalone Operation+20

Not part of larger chain - owner has full decision authority

Single Owner+20

Sole owner can make quick decisions on seller financing

Medium Operation+8

Larger ADC - may attract institutional buyers but still viable

Stable Ownership+10

Long-term owner more likely to have emotional investment and consider flexible terms

Prime Owner Carry-Back Candidate

This provider shows strong indicators for owner financing. Single/simple ownership structure, no PE involvement, and ideal operational size suggest the owner may be receptive to a seller note arrangement. Consider approaching with a 10-20% carry-back proposal.

Data Quality & Completeness

Completeness Score

85%

Data Quality

HIGH

Confidence

High (0.90)

Missing Fields

quality_stars
Data Source: CMS Provider Data Catalog Nov 2025, PECOS Q1 2026 • Analysis Date: Jan 26, 2026