dealflow
envelope $200M

← Targets

Ascension St. Vincent Williamsport

Williamsport, Warren County, IN · CCN 151307
Licensed to St Vincent Williamsport Hospital

Composite
33.0
rank score
Distress
35
FY2024
Fit
43
vs thesis
Estimated ticket
$1.4M–$2.7M
16 beds · within envelope
Ownership
nonprofit
CAH

Why it ranks here

  • under 30 days cash on hand
  • current ratio under 1.5
  • debt above 70% of assets
  • 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
  • nonprofit — expect AG conversion review

Latest financials · FY2024

Net patient revenue$25.8M
Operating margin 3.2%
Total margin 16.6%
Days cash on hand 0
Current ratio 1.06
Occupancy28%

Facility

Beds16
Facility typeCAH
Settingrural
Ownership classnonprofit
Per-bed (low) $85.0K
Per-bed (high) $170K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 16 $20.4M $331K -2.6% 1.6% 4 0.49 31% 324 71
2022 16 $22.0M $-378K -10.3% -1.6% 4 0.77 33% 337 84
2023 16 $22.8M $105K -6.5% 0.4% 5 0.54 32% 408 78
2024 16 $25.8M $5.0M 3.2% 16.6% 0 1.06 28% 354 35

Owners

OwnerRole%SinceType
St Vincent Health Inc
Indianapolis, IN
operational/managerial control 100 2014-06
St Vincent Williamsport Hospital
Williamsport, IN
5% or greater direct ownership interest 100 1966-06
Ascension Health
Saint Louis, MO
operational/managerial control 2014-06
Brian Edwards corporate director 2023-07
Carlyle Floyd corporate director 2023-07
Cynthia Adams corporate director 2019-07
Dana Muntz corporate officer 2023-07
Dana Muntz corporate director 2023-07
Dana Muntz w-2 managing employee 2023-07
Floyd Grubb corporate director 2023-07
Jacob Baker corporate director 2023-07
Kevin Speer corporate officer 2023-05
Michael Emmons corporate director 2023-07
Ryan Penrod corporate director 2023-07

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.

DateBuyerSellerHospitalBeds
2018-03-01 Indiana University Health Jay Inc Jay County Hospital Iu Health Jay Hospital 21