Clark Memorial Hospital
dba Norton Clark Hospital ·
Jeffersonville, Clark County, IN
· CCN 150009
Licensed to Norton Clark Hospital Llc
Composite
74.9
rank score
Distress
89
FY2024
Fit
87
vs thesis
Estimated ticket
$53.5M–$214M
153 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 30-60 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $169M |
| Operating margin | -23.6% |
| Total margin | -23.1% |
| Days cash on hand | 43 |
| Current ratio | 0.46 |
| Occupancy | 57% |
Facility
| Beds | 153 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 153 | $181M | $13.7M | -1.6% | 6.9% | 1 | 1.51 | 62% | 7,199 | 38 |
| 2022 | 153 | $176M | $-16.8M | -10.8% | -9.4% | 1 | 1.72 | 70% | 7,520 | 67 |
| 2023 | 153 | $168M | $-23.6M | -14.9% | -14.0% | 1 | 1.58 | 57% | 7,031 | 73 |
| 2024 | 153 | $169M | $-39.2M | -23.6% | -23.1% | 43 | 0.46 | 57% | 6,938 | 89 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Norton Healthcare - Indiana, Inc | 5% or greater indirect ownership interest | 100 | 2023-09 | |
| Norton Healthcare Inc | 5% or greater indirect ownership interest | 100 | 2023-09 | |
| The Regional Health Network Of Kentucky And Southern Indiana Llc | 5% or greater direct ownership interest | 100 | 2015-04 | |
| Adam Kempf | corporate officer | 2023-09 | ||
| Elizabeth Truax | corporate director | 2025-01 | ||
| Robert Azar | corporate officer | 2023-09 | ||
| Russell Cox | corporate officer | 2023-09 | ||
| Shelley Gast | contracted managing employee | 2023-09 | ||
| Shelley Gast | corporate director | 2023-09 |
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 |