Cameron Memorial Community Hospital
dba Cameron Memorial Community Hospital Inc ·
Angola, Steuben County, IN
· CCN 151315
Licensed to Cameron Memorial Community Hospital Inc
Composite
34.9
rank score
Distress
25
FY2023
Fit
59
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- 60-90 days cash on hand
- occupancy 45-60%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $97.4M |
| Operating margin | -1.4% |
| Total margin | 6.0% |
| Days cash on hand | 77 |
| Current ratio | 3.01 |
| Occupancy | 52% |
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 | $68.3M | $409K | -7.2% | 0.6% | 104 | 2.06 | 45% | 1,027 | 36 |
| 2021 | 25 | $84.8M | $13.7M | 3.7% | 14.4% | 121 | 2.14 | 58% | 990 | 7 |
| 2022 | 25 | $95.1M | $4.8M | 7.4% | 4.9% | 95 | 3.06 | 61% | 1,133 | 4 |
| 2023 | 25 | $97.4M | $6.3M | -1.4% | 6.0% | 77 | 3.01 | 52% | 1,100 | 25 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andrew Kleber | corporate officer | 2026-02 | ||
| Angela Logan | corporate officer | 2021-05 | ||
| Ann Rice | corporate officer | 2026-02 | ||
| Carrie Vollmer-Sanders | corporate officer | 2026-02 | ||
| Charles Maclean | corporate officer | 2026-02 | ||
| Donna Elbrecht | corporate officer | 2026-02 | ||
| Janelle Sponsler | w-2 managing employee | 2020-10 | ||
| John Mccoy | corporate officer | 2013-09 | ||
| Jonathan Cress | corporate officer | 2026-02 | ||
| Kendra Klink | corporate officer | 2026-02 | ||
| Luke Andrews | corporate officer | 2026-02 | ||
| Scott Gruner | corporate director | 2026-02 | ||
| Todd Rumsey | corporate officer | 2013-09 | ||
| Wendy Stamper | corporate director | 2020-01 |
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 |