Iu Health White Hospital
dba Iu Health White Memorial Hospital ·
Monticello, White County, IN
· CCN 151312
Licensed to Indiana University Health White Memorial Hospital Inc
Composite
20.8
rank score
Distress
8
FY2023
Fit
43
vs thesis
Estimated ticket
$2.0M–$4.1M
24 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 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 · FY2023
| Net patient revenue | $48.5M |
| Operating margin | 10.6% |
| Total margin | 16.1% |
| Days cash on hand | 447 |
| Current ratio | 6.79 |
| Occupancy | 28% |
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 | 25 | $35.1M | $4.9M | 10.4% | 13.6% | 460 | 2.89 | 33% | 578 | 6 |
| 2021 | 25 | $39.1M | $9.7M | 11.2% | 21.9% | 439 | 4.03 | 36% | 677 | 6 |
| 2022 | 24 | $43.9M | $4.7M | 8.0% | 10.5% | 405 | 5.65 | 34% | 599 | 6 |
| 2023 | 24 | $48.5M | $8.3M | 10.6% | 16.1% | 447 | 6.79 | 28% | 516 | 8 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Arthur Vasquez | corporate officer | 2021-06 | ||
| Benjamin Harpenau | corporate director | 2023-08 | ||
| Erika Ugianskis | corporate director | 2021-08 | ||
| Gary Henriott | corporate director | 2015-06 | ||
| Indiana University Health Inc | operational/managerial control | 2011-07 | ||
| Jennifer Alvey | other | 2018-04 | ||
| Johnny Park | corporate director | 2023-08 | ||
| Liesel Delamater | corporate officer | 2025-08 | ||
| Liesel Delamater | w-2 managing employee | 2025-08 | ||
| Liesel Delamater | operational/managerial control | 2025-08 | ||
| Mark Buono | corporate director | 2021-12 | ||
| Michael Craig | corporate officer | 2024-07 | ||
| Philip List | corporate director | 2025-01 | ||
| Ruban Nirmalan | corporate director | 2014-06 | ||
| Shan Sheridan | corporate director | 2017-10 | ||
| Umesh Patel | corporate director | 2022-10 | ||
| Whitney Aiken | corporate officer | 2024-09 | ||
| William Li | corporate director | 2019-08 | ||
| Ying-Kei Hui | corporate director | 2024-04 |
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 |