Ascension St. Vincent Anderson
Anderson, IN
· CCN 150088
Licensed to St Vincent Anderson Regional Hospital Inc
Composite
67.3
rank score
Distress
75
FY2024
Fit
84
vs thesis
Estimated ticket
$47.6M–$190M
136 beds ·
within envelope
Ownership
nonprofit
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 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $168M |
| Operating margin | -13.3% |
| Total margin | -11.6% |
| Days cash on hand | 0 |
| Current ratio | 1.02 |
| Occupancy | 47% |
Facility
| Beds | 136 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 144 | $195M | $28.7M | 10.9% | 14.2% | 0 | 0.61 | 50% | 5,322 | 42 |
| 2022 | 144 | $200M | $11.5M | 3.7% | 5.6% | 0 | 0.66 | 54% | 5,258 | 42 |
| 2023 | 144 | $194M | $12.0M | 4.9% | 6.1% | 0 | 0.93 | 47% | 5,034 | 33 |
| 2024 | 136 | $168M | $-19.9M | -13.3% | -11.6% | 0 | 1.02 | 47% | 4,309 | 75 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Becky Jacobson | corporate officer | 100 | 2019-07 | |
| Becky Jacobson | w-2 managing employee | 100 | 2019-07 | |
| St Vincent Anderson Regional Hospital Inc | 5% or greater direct ownership interest | 100 | 2013-01 | |
| Ann Varner | corporate director | 2022-07 | ||
| Cynthia Adams | corporate director | 2022-07 | ||
| Eileen Flavin | corporate director | 2013-01 | ||
| Georgiana Reynal | corporate director | 2021-07 | ||
| J Cooke | corporate director | 2022-07 | ||
| Jonathan Nalli | corporate officer | 2014-02 | ||
| Leo Dierckman | corporate director | 2022-07 | ||
| Martha Hoshaw | corporate director | 2022-07 | ||
| Michael Austin | corporate director | 2013-01 | ||
| Michael Emmons | corporate director | 2022-07 | ||
| Parveen Chand | corporate officer | 2022-07 | ||
| Parveen Chand | w-2 managing employee | 2022-07 | ||
| St Vincent Health Inc | operational/managerial control | 2013-01 | ||
| Terrence Metzger | corporate director | 2022-07 | ||
| Willie Stroman | corporate director | 2022-07 |
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 |