Community Hospital Of Bremen Inc.
dba Community Hospital Of Bremen Inc ·
Bremen, Marshall County, IN
· CCN 151300
Licensed to Community Hospital Of Bremen Inc
Composite
35.8
rank score
Distress
44
FY2023
Fit
40
vs thesis
Estimated ticket
$2.0M–$4.1M
24 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- total margin negative
- 30-60 days cash on hand
- occupancy below 30%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $26.3M |
| Operating margin | -1.7% |
| Total margin | -0.3% |
| Days cash on hand | 40 |
| Current ratio | 3.26 |
| Occupancy | 29% |
Facility
| Beds | 24 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 24 | $19.6M | $-1.3M | -10.5% | -6.2% | 82 | 1.16 | 30% | 245 | 67 |
| 2021 | 24 | $23.5M | $-89.4K | -2.1% | -0.4% | 31 | 0.88 | 34% | 322 | 62 |
| 2022 | 24 | $22.6M | $-1.9M | -12.6% | -8.1% | 32 | 3.52 | 35% | 305 | 67 |
| 2023 | 24 | $26.3M | $-88.7K | -1.7% | -0.3% | 40 | 3.26 | 29% | 303 | 44 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Beacon Health System Inc | 5% or greater indirect ownership interest | 100 | 2018-06 | |
| Jeffrey Costello | corporate officer | 100 | 2018-06 | |
| Alan Miller | corporate director | 2009-06 | ||
| Amy Lashbrook | corporate officer | 2014-08 | ||
| Amy Lashbrook | w-2 managing employee | 2014-08 | ||
| Andrew Wolf | corporate director | 2012-06 | ||
| Carol Hochstetler | corporate officer | 2012-06 | ||
| David Bailey | corporate officer | 2013-03 | ||
| David Bailey | w-2 managing employee | 2013-03 | ||
| Irene Maffetone | w-2 managing employee | 2018-06 | ||
| James Richardson | corporate director | 2012-06 | ||
| Jeff Brinkman | corporate officer | 2012-06 | ||
| Karen Shorter | corporate director | 2009-06 | ||
| Norma Napoli | corporate director | 2007-06 | ||
| Thomas Teghtmeyer | corporate officer | 2012-06 | ||
| William Davis | corporate officer | 2012-06 |
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 |
|---|---|---|---|---|
| 2018-03-01 | Indiana University Health Jay Inc | Jay County Hospital | Iu Health Jay Hospital | 21 |