Community Hospital
Munster, Lake County, IN
· CCN 150125
Licensed to Munster Medical Research Foundation Inc
Composite
15.6
rank score
Distress
30
FY2024
Fit
64
vs thesis
Estimated ticket
$202M–$810M
405 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- 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 | $649M |
| Operating margin | 6.1% |
| Total margin | 9.3% |
| Days cash on hand | 0 |
| Current ratio | 3.49 |
| Occupancy | 61% |
Facility
| Beds | 405 |
| 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 | 385 | $576M | $87.7M | 9.6% | 14.4% | 0 | 0.98 | 58% | 15,249 | 33 |
| 2022 | 399 | $594M | $68.6M | 8.1% | 11.2% | 0 | 1.38 | 59% | 15,599 | 28 |
| 2023 | 405 | $615M | $59.3M | 6.0% | 9.3% | 0 | 3.48 | 59% | 16,091 | 24 |
| 2024 | 405 | $649M | $62.2M | 6.1% | 9.3% | 0 | 3.49 | 61% | 17,336 | 30 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Community Foundation Of Northwest Indiana, Inc | 5% or greater direct ownership interest | 100 | 1985-01 | |
| Amy Han | corporate director | 2022-07 | ||
| Bruce Yalowitz | corporate director | 2019-07 | ||
| Constantine Dovellos | corporate director | 2020-07 | ||
| Daniel O'brien | corporate officer | 2016-07 | ||
| Daniel O'brien | w-2 managing employee | 2016-07 | ||
| David Bochnowski | corporate director | 1990-07 | ||
| David Wickland | corporate director | 1991-07 | ||
| Donald Fesko | other | 2016-07 | ||
| Donald Torrenga | corporate director | 2009-07 | ||
| Eric Compton | corporate director | 2016-07 | ||
| Frankie Fesko | corporate director | 1982-07 | ||
| Ingrid Wolf | corporate director | 2020-07 | ||
| M. Shabeeb | corporate director | 1997-07 | ||
| Michael Mellon | corporate director | 2016-07 | ||
| Michael Purcell | corporate director | 2016-07 | ||
| Nitin Sardesai | corporate director | 2008-07 | ||
| Raymond Neiswonger | corporate officer | 2022-07 | ||
| Raymond Neiswonger | w-2 managing employee | 2022-07 | ||
| Sandi Merlo | corporate director | 2021-12 | ||
| Steve Pestikas | corporate director | 2013-07 | ||
| Steven Chovanec | corporate director | 2004-07 | ||
| Thomas Brubaker | corporate director | 1990-07 | ||
| William Hasse | corporate director | 2008-07 |
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 |