Perry County Hospital
dba Perry County Memorial Hospital ·
Tell City, Perry County, IN
· CCN 151322
Licensed to Perry County Memorial Hospital
Composite
34.4
rank score
Distress
31
FY2023
Fit
51
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin -10% to -5%
- occupancy 30-45%
- margin deteriorating
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $48.9M |
| Operating margin | -5.9% |
| Total margin | 3.0% |
| Days cash on hand | 168 |
| Current ratio | 3.82 |
| Occupancy | 41% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| 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 | $35.0M | $2.5M | -13.7% | 5.9% | 156 | 4.36 | 36% | 616 | 33 |
| 2021 | 25 | $41.9M | $2.6M | -8.4% | 5.5% | 161 | 4.20 | 37% | 630 | 28 |
| 2022 | 25 | $42.9M | $-396K | -10.4% | -0.8% | 152 | 4.42 | 33% | 517 | 41 |
| 2023 | 25 | $48.9M | $1.6M | -5.9% | 3.0% | 168 | 3.82 | 41% | 556 | 31 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jared Stimpson | contracted managing employee | 100 | 2023-07 | |
| Jared Stimpson | corporate officer | 100 | 2023-07 | |
| Jared Stimpson | operational/managerial control | 100 | 2023-07 | |
| Perry County Memorial Hospital | 5% or greater direct ownership interest | 100 | 1966-01 | |
| Randall Russell | contracted managing employee | 100 | 2023-07 | |
| Randall Russell | corporate officer | 100 | 2023-07 | |
| Randall Russell | operational/managerial control | 100 | 2023-07 | |
| John Land | corporate director | 2011-10 | ||
| Melissa Riley | w-2 managing employee | 1989-11 | ||
| Rita Mahoney | corporate director | 2014-10 |
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 |