Schneck Medical Center
Seymour, Jackson County, IN
· CCN 150065
Licensed to Jackson County Schneck Memorial Hospital
Composite
30.7
rank score
Distress
14
FY2023
Fit
61
vs thesis
Estimated ticket
$5.2M–$10.4M
52 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin under 2%
- occupancy 45-60%
- margin deteriorating
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $203M |
| Operating margin | 1.8% |
| Total margin | 11.6% |
| Days cash on hand | 215 |
| Current ratio | 6.11 |
| Occupancy | 51% |
Facility
| Beds | 52 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 85 | $164M | $26.6M | 1.4% | 14.1% | 242 | 6.08 | 35% | 2,282 | 12 |
| 2021 | 81 | $188M | $39.7M | 9.7% | 18.9% | 208 | 7.81 | 39% | 2,148 | 6 |
| 2022 | 60 | $184M | $-18.1M | -0.8% | -10.8% | 196 | 7.30 | 47% | 2,064 | 34 |
| 2023 | 52 | $203M | $26.1M | 1.8% | 11.6% | 215 | 6.11 | 51% | 2,082 | 14 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jackson County Schneck Memorial Hospital | 5% or greater direct ownership interest | 100 | 1966-07 | |
| Andrew Markel | corporate director | 2017-01 | ||
| Brandon Harpe | corporate director | 2020-01 | ||
| Courtney Kleber | corporate director | 2013-01 | ||
| Deborah Mann | corporate officer | 2014-02 | ||
| Deborah Mann | w-2 managing employee | 2014-02 | ||
| Eric Fish | corporate officer | 2020-09 | ||
| Eric Fish | w-2 managing employee | 2020-09 | ||
| Jack Mccory | corporate director | 2009-01 | ||
| Matthew Reedy | corporate director | 2011-01 | ||
| Rick Smith | corporate director | 1998-01 | ||
| Robert Gillaspy | corporate director | 2017-01 | ||
| Susan Bevers | corporate director | 2014-12 | ||
| Terrence Gilliland | corporate director | 2011-01 |
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 |