St Elizabeth Dearborn
dba St. Elizabeth Dearborn Hospital ·
Lawrenceburg, Dearborn County, IN
· CCN 150086
Licensed to St Elizabeth Medical Center, Inc
Composite
37.7
rank score
Distress
10
FY2023
Fit
83
vs thesis
Estimated ticket
$25.0M–$100M
50 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin under 2%
- debt above 70% of assets
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $96.2M |
| Operating margin | 0.7% |
| Total margin | 2.4% |
| Days cash on hand | 1,061 |
| Current ratio | 15.33 |
| Occupancy | 69% |
Facility
| Beds | 50 |
| 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 | 62 | $57.3M | $-1.0M | -17.8% | -1.6% | 68 | 1.01 | 45% | 2,379 | 51 |
| 2021 | 61 | $80.0M | $8.6M | 9.4% | 10.6% | 342 | 13.44 | 64% | 3,517 | 0 |
| 2022 | 50 | $78.4M | $-7.3M | -11.2% | -9.1% | 700 | 17.86 | 70% | 3,809 | 56 |
| 2023 | 50 | $96.2M | $2.4M | 0.7% | 2.4% | 1,061 | 15.33 | 69% | 3,794 | 10 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| St Elizabeth Medical Center, Inc | 5% or greater direct ownership interest | 100 | 2020-11 | |
| Andrew Schaeffer | corporate director | 2020-11 | ||
| Debbie Simpson | corporate director | 2026-01 | ||
| Derek Haught | corporate director | 2025-01 | ||
| Donald Price | corporate director | 2024-01 | ||
| Garren Colvin | corporate officer | 2020-11 | ||
| Garren Colvin | corporate director | 2020-11 | ||
| Garren Colvin | w-2 managing employee | 2020-11 | ||
| Jackie Sweeney | corporate director | 2020-11 | ||
| Jason Jackman | corporate director | 2020-11 | ||
| Jeanne Schroer | corporate director | 2023-01 | ||
| John Hawkins | corporate director | 2023-01 | ||
| Joseph Koester | corporate director | 2020-11 | ||
| Kris Knochelmann | corporate director | 2021-01 | ||
| Kristi Nelson | corporate director | 2022-01 | ||
| Lisa Frey | corporate officer | 2020-11 | ||
| Lori Ritchey-Baldwin | corporate officer | 2020-11 | ||
| Lori Ritchey-Baldwin | w-2 managing employee | 2020-11 | ||
| Marsha Ladenburger | corporate director | 2021-01 | ||
| Robert Moorhead | corporate director | 2021-01 | ||
| Robert Stevens | corporate director | 2022-01 | ||
| Sylvia Buxton | corporate director | 2024-01 | ||
| Vera Hall | corporate officer | 2023-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-11-01 | change of ownership | St Elizabeth Medical Center, Inc | Dearborn County 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 |