Community Hospital Of Noble Cty Inc
dba Parkview Noble Hospital ·
Kendallville, Noble County, IN
· CCN 150146
Licensed to Community Hospital Of Noble County Inc
Composite
36.2
rank score
Distress
28
FY2023
Fit
59
vs thesis
Estimated ticket
$3.1M–$6.2M
31 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- occupancy 30-45%
- margin slipping
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $73.7M |
| Operating margin | 8.3% |
| Total margin | 10.1% |
| Days cash on hand | 0 |
| Current ratio | 11.53 |
| Occupancy | 45% |
Facility
| Beds | 31 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 31 | $69.2M | $8.9M | 3.8% | 11.8% | 0 | 3.15 | 45% | 1,684 | 28 |
| 2021 | 31 | $73.5M | $15.8M | 15.4% | 20.3% | 0 | 5.41 | 50% | 1,867 | 24 |
| 2022 | 31 | $71.4M | $3.0M | 1.7% | 4.2% | 0 | 9.23 | 45% | 1,714 | 31 |
| 2023 | 31 | $73.7M | $7.6M | 8.3% | 10.1% | 0 | 11.53 | 45% | 1,888 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Parkview Health System Inc | 5% or greater direct ownership interest | 100 | 2007-11 | |
| Casey Myers | other | 2023-01 | ||
| Christopher Fought | corporate officer | 2026-01 | ||
| Christopher Frazier | corporate officer | 2026-01 | ||
| Gary Gatman | other | 2020-01 | ||
| Jessica Lee-Hansen | corporate officer | 2025-08 | ||
| Jessica Lee-Hansen | w-2 managing employee | 2025-08 | ||
| Jordi Disler | corporate officer | 2023-08 | ||
| Jordi Disler | corporate director | 2023-08 | ||
| Jordi Disler | w-2 managing employee | 2023-08 | ||
| Jordi Disler | other | 2023-08 | ||
| Juli Johnson | corporate officer | 2026-01 | ||
| Kara Warreber | other | 2020-04 | ||
| Mycal Mansfield | other | 2021-01 | ||
| Philip Corbin | corporate officer | 2026-01 | ||
| Rick Henvey | corporate officer | 2023-01 | ||
| Ryan Ferguson | corporate officer | 2026-01 | ||
| Stanton Risser | corporate officer | 2024-07 | ||
| Stanton Risser | w-2 managing employee | 2024-07 | ||
| Stanton Risser | operational/managerial control | 2024-07 | ||
| Susan Jansen | other | 2022-01 |
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 |