Memorial Hospital Logansport
dba Parkview Health ·
Logansport, Cass County, IN
· CCN 150072
Licensed to Parkview Logansport Hospital Inc
Already transacted. CMS recorded an ownership change effective
2025-07-01. Confirm the current owner before spending a call on this.
Composite
20.8
rank score
Distress
78
FY2023
Fit
56
vs thesis
Estimated ticket
$2.6M–$5.2M
37 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio under 1.5
- occupancy 30-45%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
- changed ownership 2025-07-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $106M |
| Operating margin | -13.0% |
| Total margin | -9.1% |
| Days cash on hand | 11 |
| Current ratio | 1.12 |
| Occupancy | 36% |
Facility
| Beds | 37 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 37 | $83.0M | $-354K | -19.2% | -0.4% | 113 | 2.94 | 42% | 1,501 | 46 |
| 2021 | 37 | $100M | $-769K | -7.4% | -0.7% | 86 | 2.22 | 43% | 1,421 | 46 |
| 2022 | 37 | $104M | $-14.9M | -17.4% | -14.0% | 47 | 1.34 | 39% | 1,424 | 70 |
| 2023 | 37 | $106M | $-10.0M | -13.0% | -9.1% | 11 | 1.12 | 36% | 1,393 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Parkview Health System Inc | 5% or greater direct ownership interest | 100 | 2025-07 | chain |
| Brian Morrill | corporate officer | 2025-07 | ||
| Brian Morrill | corporate director | 2025-07 | ||
| David Redweik | corporate officer | 2025-07 | ||
| Jessica Lee-Hansen | corporate officer | 2025-08 | ||
| Jessica Lee-Hansen | w-2 managing employee | 2025-08 | ||
| Jessica Mcclintock Glover | corporate officer | 2025-07 | ||
| Jessica Mcclintock Glover | corporate director | 2025-07 | ||
| Jon-Myckle Price | corporate officer | 2025-07 | ||
| Jon-Myckle Price | corporate director | 2025-07 | ||
| Juli Johnson | corporate officer | 2025-07 | ||
| Kathy Dunderman | corporate officer | 2025-07 | ||
| Matt Lewellen | corporate officer | 2025-07 | ||
| Michael Deitrich | corporate officer | 2025-07 | ||
| Molly Cain | corporate officer | 2025-07 | ||
| Molly Cain | corporate director | 2025-07 | ||
| Tara Mcvay | corporate officer | 2025-07 | ||
| Tara Mcvay | corporate director | 2025-07 | ||
| Tara Mcvay | w-2 managing employee | 2025-07 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2025-07-01 | change of ownership | Parkview Logansport Hospital Inc | Memorial Hospital |
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 |