LAKE SUPERIOR HOSPICE ASSOCIATION

MARQUETTE, MICCN: 231553
GREEN
CON State

Overall

66.1

Quality

73.3

Compliance

50.0

Operational

70.0

Market

75.0

Contact Information

Address

914 WEST BARAGA

MARQUETTE, MI 49855

Website

No website on file

Administrator

STUART K JOHNSON, MEDICAL DIRECTOR

Financial & Registry Data

Cost Report (2024)
Revenue$2.7M
Expenses$2.0M
Net Income$0.74M
Cost/Day$174
IRS 990 (2023)
EIN382327011
990 Revenue$2.5M
Total Assets$1.3M
Exec Comp$158K

Provider Details

CountyMarquette
Ownership TypeNon-Profit
ADC28
ADC Fittarget
Service Area (ZIPs)23
Market TypeUrban
CertifiedOct 30, 1992
County Demographics
65+ Population13,961
% 65+21.0%
Median Income$63,115

Ownership Profile

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

Classification Reasons

ADC (28) within target range
CON state provides regulatory moat
Strong quality metrics (score: 73)
Strong operational performance

Outreach Status

Readiness

Ready - Prioritize for outreach

Deal Type

Possible platform or large tuck-in

Sell-Side Hypothesis

Small census may strain profitability, owner may seek scale partner

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

95/100
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

Ideal Size+15

ADC 20-60 is perfect for owner carry-back - established but manageable

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