Franciscan Health Indianapolis
Indianapolis, Marion County, IN
· CCN 150162
Licensed to Franciscan Health Indianapolis & Mooresville
Composite
32.1
rank score
Distress
10
FY2023
Fit
69
vs thesis
Estimated ticket
$41.0M–$82.0M
410 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- margin deteriorating sharply
- rural — cheaper but limited density
- very large — likely out of range
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $970M |
| Operating margin | 2.8% |
| Total margin | 8.4% |
| Days cash on hand | 179 |
| Current ratio | 4.80 |
| Occupancy | 75% |
Facility
| Beds | 410 |
| 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 | 499 | $803M | $274M | 30.1% | 32.8% | 68 | 1.38 | 57% | 18,261 | 16 |
| 2021 | 499 | $983M | $170M | 36.9% | 15.9% | 168 | 2.81 | 58% | 19,474 | 2 |
| 2022 | 499 | $891M | $327M | 32.4% | 35.2% | 219 | 4.20 | 59% | 17,951 | 2 |
| 2023 | 410 | $970M | $86.9M | 2.8% | 8.4% | 179 | 4.80 | 75% | 19,924 | 10 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amy Herron | corporate director | 100 | 2024-11 | |
| Amy Herron | w-2 managing employee | 100 | 2024-11 | |
| Franciscan Alliance Inc | 5% or greater direct ownership interest | 100 | 1995-10 | |
| Alan Gillespie | corporate director | 2022-01 | ||
| Ann Magiera | corporate director | 2005-03 | ||
| Anna Hoefer | corporate director | 2023-08 | ||
| Catherine Nielsen | corporate director | 2015-01 | ||
| Ernest Iannotta | corporate director | 2015-01 | ||
| Hilton Hudson | corporate director | 2022-01 | ||
| Kathleen Goeppinger | corporate director | 2005-03 | ||
| Kenneth Herlin | corporate director | 2015-01 | ||
| Kevin Leahy | corporate director | 2005-03 | ||
| Lethia Leveille | corporate director | 2015-01 | ||
| Madonna Rougeau | corporate director | 2015-01 | ||
| Margaret Mitchel | corporate director | 2023-08 | ||
| Marie Morgan | corporate director | 2023-08 | ||
| Marilyn Oliver | corporate director | 2005-03 | ||
| Marlene Shapley | corporate director | 2007-11 | ||
| Pamela Shultz | corporate officer | 2023-08 | ||
| Pamela Shultz | corporate director | 2015-01 |
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 |