Iu Health Paoli Hospital
dba Indiana University Health Paoli Hospital ·
Paoli, Orange County, IN
· CCN 151306
Licensed to Indiana University Health Paoli Inc
Composite
29.8
rank score
Distress
28
FY2023
Fit
43
vs thesis
Estimated ticket
$2.0M–$4.1M
24 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- occupancy below 30%
- margin deteriorating
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $32.9M |
| Operating margin | -2.6% |
| Total margin | 5.2% |
| Days cash on hand | 275 |
| Current ratio | 3.43 |
| Occupancy | 22% |
Facility
| Beds | 24 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 | $28.5M | $2.4M | 2.6% | 7.8% | 215 | 1.57 | 14% | 292 | 9 |
| 2021 | 24 | $33.6M | $10.9M | 11.6% | 26.8% | 262 | 2.60 | 21% | 430 | 9 |
| 2022 | 24 | $34.4M | $1.4M | 4.8% | 4.1% | 243 | 3.55 | 18% | 382 | 9 |
| 2023 | 24 | $32.9M | $1.9M | -2.6% | 5.2% | 275 | 3.43 | 22% | 455 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Corinna Repetto | corporate director | 2021-01 | ||
| Denzil Ross | corporate officer | 2024-02 | ||
| Denzil Ross | corporate director | 2024-02 | ||
| Denzil Ross | operational/managerial control | 2024-02 | ||
| Indiana University Health Inc | operational/managerial control | 2010-01 | ||
| Jack Kenworthy | corporate officer | 2016-10 | ||
| Jack Kenworthy | corporate director | 2016-10 | ||
| Joyce Poling | corporate director | 2016-10 | ||
| Julie Minton | corporate director | 2018-10 | ||
| Kamal Girgis | corporate director | 2026-01 | ||
| Kent Rodgers | corporate director | 2026-01 | ||
| Kevin Gebke | corporate director | 2022-08 | ||
| Larry Bailey | corporate officer | 2022-01 | ||
| Michael Craig | corporate officer | 2016-10 | ||
| Michael Craig | operational/managerial control | 2016-10 | ||
| Mohan Shenoy | corporate director | 2021-01 | ||
| Paul Quick | corporate director | 2025-01 | ||
| Richard Hendrickson | corporate officer | 2016-10 | ||
| Richard Hendrickson | corporate director | 2016-10 | ||
| Skylar Whiteman | corporate director | 2025-01 | ||
| Tashera Perry | corporate director | 2025-01 | ||
| Whitney Aiken | corporate officer | 2026-01 |
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 |
|---|---|---|---|---|
| 2018-03-01 | Indiana University Health Jay Inc | Jay County Hospital | Iu Health Jay Hospital | 21 |