Iu Health West Hospital
Avon, Hendricks County, IN · CCN 150158
Composite
34.8
rank score
Distress
0
FY2023
Fit
87
vs thesis
Estimated ticket
$86.5M–$346M
173 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $332M |
| Operating margin | 16.5% |
| Total margin | 22.9% |
| Days cash on hand | 729 |
| Current ratio | 20.58 |
| Occupancy | 67% |
Facility
| Beds | 173 |
| 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 | 125 | $227M | $53.3M | 16.2% | 21.9% | 774 | 9.53 | 72% | 7,525 | 0 |
| 2021 | 156 | $283M | $63.5M | 19.7% | 21.8% | 700 | 13.73 | 74% | 8,627 | 0 |
| 2022 | 174 | $289M | $32.4M | 9.0% | 11.0% | 651 | 18.54 | 69% | 7,766 | 0 |
| 2023 | 173 | $332M | $82.4M | 16.5% | 22.9% | 729 | 20.58 | 67% | 7,812 | 0 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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 |