Ascension St. Vincent Hospital
Indianapolis, Marion County, IN
· CCN 150084
Licensed to St. Vincent Hospital & Health Care Center Inc
Composite
17.3
rank score
Distress
39
FY2024
Fit
64
vs thesis
Estimated ticket
$376M–$1.5B
751 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- current ratio under 1.5
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $1.4B |
| Operating margin | 0.8% |
| Total margin | 5.0% |
| Days cash on hand | 1 |
| Current ratio | 1.39 |
| Occupancy | 69% |
Facility
| Beds | 751 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 732 | $1.4B | $364M | 13.2% | 22.7% | 3 | 0.81 | 66% | 28,848 | 36 |
| 2022 | 799 | $1.5B | $160M | 6.2% | 10.3% | 2 | 0.89 | 66% | 29,267 | 31 |
| 2023 | 756 | $1.4B | $138M | 4.8% | 9.3% | 2 | 1.02 | 63% | 27,408 | 26 |
| 2024 | 751 | $1.4B | $75.4M | 0.8% | 5.0% | 1 | 1.39 | 69% | 29,486 | 39 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ascension Health | operational/managerial control | 2009-08 | ||
| Bethany Morrow | corporate officer | 2018-07 | ||
| Bethany Morrow | w-2 managing employee | 2018-07 | ||
| Daniel Parod | corporate officer | 2021-07 | ||
| Daniel Parod | w-2 managing employee | 2021-07 | ||
| David Hoover | corporate director | 2021-07 | ||
| Elizabeth Dodson | corporate director | 2024-07 | ||
| Harry Knight | corporate director | 2024-07 | ||
| James Hurst | corporate director | 2018-07 | ||
| Kevin Speer | corporate officer | 2023-04 | ||
| Laura Steele | corporate director | 2024-07 | ||
| Mary Stubbs | corporate director | 2021-07 | ||
| Parveen Chand | corporate director | 2023-07 | ||
| Patrice Duckett | corporate director | 2021-07 | ||
| St Vincent Health Inc | operational/managerial control | 2009-08 | ||
| Stephen Stitle | corporate director | 2021-07 |
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 |