Memorial Hosp & Health Care Ctr
dba Deaconess Memorial Medical Center Inc ·
Jasper, Dubois County, IN
· CCN 150115
Licensed to Deaconess Memorial Medical Center Inc
Composite
29.1
rank score
Distress
8
FY2024
Fit
59
vs thesis
Estimated ticket
$9.6M–$19.2M
96 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- occupancy 30-45%
- margin slipping
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $272M |
| Operating margin | 28.5% |
| Total margin | 33.7% |
| Days cash on hand | 218 |
| Current ratio | 4.90 |
| Occupancy | 32% |
Facility
| Beds | 96 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 96 | $236M | $92.3M | 27.0% | 34.9% | 427 | 2.66 | 40% | 3,952 | 6 |
| 2022 | 96 | $245M | $76.9M | 29.1% | 30.7% | 354 | 3.21 | 43% | 3,238 | 6 |
| 2023 | 96 | $259M | $94.1M | 28.7% | 33.7% | 221 | 3.78 | 32% | 2,602 | 6 |
| 2024 | 96 | $272M | $98.7M | 28.5% | 33.7% | 218 | 4.90 | 32% | 2,203 | 8 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Deaconess Health System Inc | 5% or greater direct ownership interest | 100 | 2024-02 | chain |
| Christian Blome | corporate director | 2024-02 | ||
| Donna Balka | corporate director | 2021-05 | ||
| James Huebner | corporate director | 2014-01 | ||
| James Porter | corporate director | 2024-02 | ||
| Keith Miller | corporate officer | 2024-10 | ||
| Keith Miller | w-2 managing employee | 2024-10 | ||
| Kristi Nord | corporate director | 2024-01 | ||
| Lynn Lingafelter | corporate director | 2024-02 | ||
| Nicholas Werne | corporate director | 2022-08 | ||
| Renee Cunningham | corporate director | 2012-01 | ||
| Shannon Ebenkamp | w-2 managing employee | 2024-10 | ||
| Shawn Mccoy | corporate director | 2024-02 | ||
| Sohail Qadir | corporate director | 2015-07 | ||
| Tonya Heim | corporate director | 2013-01 |
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 |