Monroe Hospital
Bloomington, Monroe County, IN
· CCN 150183
Licensed to Prime Healthcare Services - Monroe Llc
Composite
72.5
rank score
Distress
97
FY2023
Fit
72
vs thesis
Estimated ticket
$11.2M–$44.8M
32 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- small but workable bed count
- small ticket — deploys little of the available capital
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $31.4M |
| Operating margin | -34.2% |
| Total margin | -33.6% |
| Days cash on hand | 29 |
| Current ratio | 0.13 |
| Occupancy | 39% |
Facility
| Beds | 32 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 32 | $22.0M | $-6.0M | -47.9% | -22.6% | 25 | 0.14 | 30% | 900 | 97 |
| 2021 | 32 | $27.4M | $-5.0M | -25.5% | -17.1% | 29 | 0.25 | 32% | 952 | 97 |
| 2022 | 32 | $30.8M | $-21.3M | -69.7% | -68.8% | 7 | 0.21 | 31% | 1,070 | 97 |
| 2023 | 32 | $31.4M | $-10.6M | -34.2% | -33.6% | 29 | 0.13 | 39% | 1,382 | 97 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Prime Healthcare Holdings Inc | 5% or greater indirect ownership interest | 100 | 2015-03 | |
| Prime Healthcare Services, Inc | 5% or greater indirect ownership interest | 100 | 2015-03 | |
| Christopher Doan | corporate officer | 2017-07 | ||
| Kenneth Wheeler | corporate officer | 2015-03 | ||
| Kenneth Wheeler | w-2 managing employee | 2015-03 | ||
| Luis Leon | corporate officer | 2023-02 | ||
| Luis Leon | corporate director | 2023-02 | ||
| Luis Leon | w-2 managing employee | 2023-02 | ||
| Steven Aleman | other | 2020-06 |
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 |