Iu Health Arnett Hospital
Lafayette, Tippecanoe County, IN
· CCN 150173
Licensed to Indiana University Health Arnett Inc
Composite
28.4
rank score
Distress
0
FY2023
Fit
71
vs thesis
Estimated ticket
$19.2M–$38.4M
192 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $446M |
| Operating margin | 21.6% |
| Total margin | 24.9% |
| Days cash on hand | 352 |
| Current ratio | 9.87 |
| Occupancy | 66% |
Facility
| Beds | 192 |
| 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 | 185 | $446M | $14.7M | -2.1% | 3.1% | 33 | 1.42 | 67% | 11,255 | 36 |
| 2021 | 185 | $398M | $131M | 25.1% | 30.5% | 184 | 4.28 | 75% | 11,677 | 0 |
| 2022 | 194 | $426M | $75.7M | 16.1% | 17.5% | 221 | 7.73 | 75% | 12,100 | 0 |
| 2023 | 192 | $446M | $116M | 21.6% | 24.9% | 352 | 9.87 | 66% | 11,792 | 0 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Arthur Vasquez | corporate officer | 2021-06 | ||
| Benjamin Harpenau | corporate director | 2023-08 | ||
| Erika Ugianskis | corporate director | 2021-08 | ||
| Gary Henriott | corporate director | 2015-06 | ||
| Indiana University Health Inc | operational/managerial control | 2008-08 | ||
| Johnny Park | corporate director | 2023-08 | ||
| Mark Buono | corporate director | 2021-12 | ||
| Michael Craig | corporate officer | 2024-06 | ||
| Michael Craig | w-2 managing employee | 2024-06 | ||
| Philip List | corporate director | 2025-01 | ||
| Ruban Nirmalan | corporate director | 2014-06 | ||
| Shan Sheridan | corporate director | 2017-10 | ||
| Umesh Patel | corporate director | 2022-10 | ||
| Whitney Aiken | corporate officer | 2024-09 | ||
| William Li | corporate director | 2019-08 | ||
| Ying-Kei Hui | corporate director | 2024-04 |
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 |