St. Josephs Reg Med Center Plymouth
dba Saint Joseph Regional Medical Center - Plymouth ·
Plymouth, Marshall County, IN
· CCN 150076
Licensed to Saint Joseph Regional Medical Center- Plymouth Campus Inc
Composite
51.8
rank score
Distress
62
FY2024
Fit
55
vs thesis
Estimated ticket
$3.8M–$7.7M
45 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin under 2%
- under 30 days cash on hand
- current ratio under 1.5
- debt above 70% of assets
- occupancy below 30%
- 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
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $52.0M |
| Operating margin | -1.9% |
| Total margin | 0.3% |
| Days cash on hand | 0 |
| Current ratio | 1.24 |
| Occupancy | 15% |
Facility
| Beds | 45 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 45 | $61.1M | $10.5M | 3.8% | 15.2% | 3 | 1.01 | 35% | 1,724 | 31 |
| 2022 | 45 | $65.8M | $5.6M | 3.2% | 8.1% | 0 | 1.35 | 37% | 1,894 | 31 |
| 2023 | 45 | $58.3M | $891K | -2.0% | 1.5% | 1 | 1.31 | 27% | 1,403 | 58 |
| 2024 | 45 | $52.0M | $162K | -1.9% | 0.3% | 0 | 1.24 | 15% | 1,028 | 62 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Saint Joseph Regional Medical Center Inc | 5% or greater indirect ownership interest | 100 | 2020-01 | |
| Trinity Health Corporation | 5% or greater indirect ownership interest | 100 | 2000-05 | chain |
| Chris Rowland | corporate director | 2022-04 | ||
| Christopher Karam | contracted managing employee | 2017-01 | ||
| Christopher Karam | corporate director | 2017-01 | ||
| Craig Miller | corporate director | 2017-01 | ||
| Craig Miller | w-2 managing employee | 2017-01 | ||
| Dana Neer | corporate director | 2017-01 | ||
| Jacqueline Wright | corporate director | 2019-01 | ||
| James Foster | corporate director | 2022-04 | ||
| Jeffrey Mathis | corporate officer | 2022-04 | ||
| Jonathan Geise | corporate director | 2026-01 | ||
| Marion Fulce | corporate director | 2025-01 | ||
| Melissa Lukasick | corporate officer | 2025-01 | ||
| Paula Toth-Russell | corporate director | 2022-04 | ||
| Paula Toth-Russell | w-2 managing employee | 2017-01 | ||
| Robert Sink | contracted managing employee | 2022-04 | ||
| Robert Sink | corporate officer | 2025-01 | ||
| Rodolfo Monterrosa | corporate officer | 2022-04 | ||
| Rodolfo Monterrosa | corporate director | 2022-04 | ||
| Shannon Cermak | corporate director | 2026-01 |
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 |