Methodist Hospitals Inc
dba Methodist Hospitals Inc ·
Gary, Lake County, IN
· CCN 150002
Licensed to The Methodist Hospitals Inc
Composite
52.2
rank score
Distress
59
FY2023
Fit
64
vs thesis
Estimated ticket
$172M–$688M
405 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- under 30 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very large — likely out of range
- ticket size well above the envelope
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $405M |
| Operating margin | -8.8% |
| Total margin | -2.2% |
| Days cash on hand | 8 |
| Current ratio | 2.27 |
| Occupancy | 51% |
Facility
| Beds | 405 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 445 | $329M | $15.7M | -9.7% | 4.2% | 120 | 2.00 | 48% | 11,565 | 29 |
| 2021 | 417 | $363M | $15.7M | -5.9% | 3.9% | 104 | 2.21 | 53% | 11,507 | 29 |
| 2022 | 405 | $391M | $-27.4M | -7.4% | -7.0% | 57 | 2.61 | 54% | 10,946 | 53 |
| 2023 | 405 | $405M | $-9.6M | -8.8% | -2.2% | 8 | 2.27 | 51% | 11,482 | 59 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| John Lowenstine | corporate director | 2011-10 | ||
| Laura Majoch | w-2 managing employee | 2022-05 | ||
| Matthew Doyle | corporate officer | 2019-10 | ||
| Robert Johnson | corporate director | 2011-10 |
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 IN
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 |
|---|---|---|---|---|
| 2025-12-28 | Indiana University Health Inc | Indiana University Health North... | Indiana University Health | 1,274 |
| 2025-12-13 | Union Hospital Inc | Terre Haute Regional Hospital Lp | Union Hospital Inc. | 260 |
| 2025-07-01 | Parkview Logansport Hospital Inc | Memorial Hospital | Memorial Hospital Logansport | 37 |
| 2024-03-01 | Franciscan Health Michigan City | Franciscan Beacon Hospital, Llc | Franciscan Health Michigan City | 133 |
| 2020-11-01 | St Elizabeth Medical Center, Inc | Dearborn County Hospital | St Elizabeth Dearborn | 50 |
| 2019-07-16 | Reid Hospital & Health Care Services Inc | Fayette Memorial Hospital Association Inc | Reid Hospital & Health Care Services | 183 |