Franciscan Health Mooresville
Mooresville, IN
· CCN 150057
Licensed to Franciscan Health Indianapolis & Mooresville
Composite
38.1
rank score
Distress
18
FY2023
Fit
75
vs thesis
Estimated ticket
$40.0M–$160M
80 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $152M |
| Operating margin | 22.0% |
| Total margin | 26.6% |
| Days cash on hand | 192 |
| Current ratio | 4.90 |
| Occupancy | 27% |
Facility
| Beds | 80 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 99 | $140M | $56.4M | 34.7% | 38.1% | 62 | 1.62 | 19% | 2,406 | 19 |
| 2021 | 80 | $178M | $47.6M | 43.9% | 33.3% | 0 | -1.16 | 28% | 2,238 | 44 |
| 2022 | 80 | $153M | $51.2M | 26.6% | 31.4% | 68 | 3.33 | 28% | 2,256 | 19 |
| 2023 | 80 | $152M | $43.0M | 22.0% | 26.6% | 192 | 4.90 | 27% | 2,307 | 18 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Franciscan Alliance Inc | 5% or greater direct ownership interest | 100 | 1966-07 | |
| Alan Gillespie | corporate director | 2023-01 | ||
| Amy Herron | corporate officer | 2024-04 | ||
| Amy Herron | w-2 managing employee | 2024-04 | ||
| Ann Magiera | corporate director | 2007-11 | ||
| Anna Hoefer | corporate director | 2023-08 | ||
| Catherine Nielsen | corporate director | 2015-01 | ||
| Ernest Iannotta | corporate director | 2015-01 | ||
| Hilton Hudson | corporate director | 2023-01 | ||
| Kathleen Goeppinger | corporate director | 2007-11 | ||
| Kenneth Herlin | corporate director | 2015-01 | ||
| Kevin Leahy | corporate director | 2004-02 | ||
| Lethia Leveille | corporate director | 2015-01 | ||
| Madonna Rougeau | corporate director | 2007-11 | ||
| Margaret Mitchel | corporate director | 2023-08 | ||
| Marie Morgan | corporate director | 2023-08 | ||
| Marilyn Oliver | corporate director | 2007-11 | ||
| Marlene Shapley | corporate director | 2007-11 | ||
| Pamela Shultz | corporate director | 2015-01 |
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 |