Parkview Lagrange Hospital
Lagrange, Lagrange County, IN
· CCN 151323
Licensed to Community Hospital Of Lagrange County, Inc.
Composite
36.1
rank score
Distress
28
FY2023
Fit
54
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- occupancy 30-45%
- margin slipping
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $41.7M |
| Operating margin | 3.9% |
| Total margin | 4.7% |
| Days cash on hand | 0 |
| Current ratio | 3.56 |
| Occupancy | 32% |
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 | $38.3M | $2.7M | -10.2% | 5.9% | 0 | 1.35 | 27% | 903 | 67 |
| 2021 | 25 | $40.7M | $5.1M | 7.9% | 11.9% | 0 | 2.10 | 36% | 939 | 28 |
| 2022 | 25 | $42.1M | $2.7M | 5.2% | 6.4% | 0 | 3.19 | 35% | 971 | 28 |
| 2023 | 25 | $41.7M | $2.0M | 3.9% | 4.7% | 0 | 3.56 | 32% | 889 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Parkview Health System Inc | 5% or greater direct ownership interest | 100 | 2005-05 | chain |
| Beth Thornburg | corporate director | 2019-01 | ||
| Daniel, Jr. Beechy | corporate officer | 2024-01 | ||
| Jessica Lee-Hansen | corporate officer | 2025-08 | ||
| Jessica Lee-Hansen | w-2 managing employee | 2025-08 | ||
| Jordi Disler | w-2 managing employee | 2023-08 | ||
| Joseph Urbanski | corporate director | 2017-01 | ||
| Juli Johnson | corporate officer | 2025-06 | ||
| Kristina Bigelow | w-2 managing employee | 2024-09 | ||
| Kristine Troyer | corporate officer | 2024-01 | ||
| Lisa Piper | corporate director | 2022-01 | ||
| Mark Leu | corporate director | 2019-01 | ||
| Michael Mellinger | corporate director | 2015-01 | ||
| Nathan Jones | corporate officer | 2025-01 | ||
| Paul Yoder | corporate director | 2015-01 | ||
| Rick Henvey | corporate officer | 2023-01 | ||
| Robert Bond | corporate director | 2015-04 | ||
| Sara Patrick | corporate officer | 2024-01 | ||
| Stacy Merrifield | corporate director | 2026-01 | ||
| Steven Christner | corporate director | 2016-01 | ||
| Trevor Thain | corporate director | 2022-01 |
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 |