Iu Health Tipton Hospital
Tipton, Tipton County, IN
· CCN 151311
Licensed to Indiana University Health Tipton Hospital Inc
Composite
34.4
rank score
Distress
32
FY2023
Fit
50
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- 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 | $41.4M |
| Operating margin | -2.3% |
| Total margin | 5.7% |
| Days cash on hand | 433 |
| Current ratio | 7.32 |
| Occupancy | 19% |
Facility
| Beds | 25 |
| 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 | 25 | $46.2M | $6.5M | 9.3% | 13.4% | 391 | 3.17 | 24% | 545 | 9 |
| 2021 | 25 | $48.1M | $10.9M | 11.3% | 20.3% | 420 | 3.78 | 29% | 673 | 9 |
| 2022 | 25 | $49.2M | $3.8M | 6.9% | 7.7% | 379 | 6.60 | 26% | 642 | 9 |
| 2023 | 25 | $41.4M | $2.6M | -2.3% | 5.7% | 433 | 7.32 | 19% | 436 | 32 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Arthur Vasquez | corporate officer | 2025-01 | ||
| Harpreetinder Singh | corporate director | 2025-05 | ||
| Indiana University Health Inc | operational/managerial control | 2009-01 | ||
| Joellen Scott | corporate director | 2024-01 | ||
| Kathleen Boaz | corporate director | 2023-01 | ||
| Kurt Hare | corporate director | 2024-01 | ||
| Liesel Delamater | corporate officer | 2023-04 | ||
| Michael Craig | contracted managing employee | 2024-12 | ||
| Michael Craig | corporate officer | 2024-12 | ||
| Michael Harper | corporate director | 2022-03 |
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 |