St. Catherine Hospital
dba Powers Health ·
East Chicago, Lake County, IN
· CCN 150008
Licensed to St Catherine Hospital Inc
Composite
54.7
rank score
Distress
40
FY2024
Fit
87
vs thesis
Estimated ticket
$61.0M–$244M
122 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- under 30 days cash on hand
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $164M |
| Operating margin | -6.1% |
| Total margin | 4.3% |
| Days cash on hand | 0 |
| Current ratio | 2.36 |
| Occupancy | 61% |
Facility
| Beds | 122 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 132 | $135M | $939K | -6.1% | 0.6% | 0 | 0.40 | 64% | 5,634 | 72 |
| 2022 | 119 | $133M | $7.1M | -12.9% | 4.5% | 0 | 0.76 | 67% | 5,174 | 63 |
| 2023 | 122 | $138M | $197K | -11.2% | 0.1% | 0 | 1.75 | 61% | 5,269 | 53 |
| 2024 | 122 | $164M | $7.9M | -6.1% | 4.3% | 0 | 2.36 | 61% | 5,158 | 40 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Community Foundation Of Northwest Indiana, Inc | 5% or greater direct ownership interest | 100 | 2001-10 | chain |
| Annemarie Kampwerth | corporate director | 2022-07 | ||
| Daniel O'brien | corporate officer | 2025-07 | ||
| Daniel O'brien | w-2 managing employee | 2025-07 | ||
| Edward Williams | corporate director | 1994-01 | ||
| George Ryan | corporate director | 2011-07 | ||
| Jeffrey Strack | corporate director | 2018-05 | ||
| John Artis | corporate director | 2011-07 | ||
| John Caban | corporate director | 2007-11 | ||
| Judy Gresko | corporate director | 2008-07 | ||
| Karen Bishop Morris | corporate director | 2018-08 | ||
| Leo Correa | corporate officer | 2017-02 | ||
| Leo Correa | w-2 managing employee | 2017-02 | ||
| Luis Molina | corporate director | 2022-07 | ||
| Maria Corona | corporate director | 2018-07 | ||
| Marisela Varela | corporate director | 2013-07 | ||
| R Gonzalez | corporate director | 2007-07 | ||
| Rita Gillis | corporate director | 2013-07 | ||
| Vatsal Patel | corporate director | 2021-07 | ||
| Victor Prasco | corporate director | 2018-07 | ||
| Wassim Shwaiki | corporate director | 2013-07 |
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 |