Ascension St. Vincent Warrick
Booneville, Warrick County, IN
· CCN 151325
Licensed to St Marys Warrick Hospital Inc
Composite
56.2
rank score
Distress
75
FY2024
Fit
56
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current liabilities exceed current assets
- occupancy below 30%
- margin slipping
- urban — higher occupancy and iteration surface
- 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 · FY2024
| Net patient revenue | $19.2M |
| Operating margin | -10.7% |
| Total margin | -5.4% |
| Days cash on hand | 15 |
| Current ratio | 0.96 |
| Occupancy | 17% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $18.5M | $-624K | -2.8% | -3.4% | 7 | 0.41 | 24% | 88 | 83 |
| 2022 | 25 | $19.8M | $-730K | -8.5% | -3.5% | 7 | 0.32 | 26% | 104 | 90 |
| 2023 | 25 | $18.4M | $-1.2M | -11.0% | -6.0% | 10 | 0.55 | 19% | 135 | 89 |
| 2024 | 25 | $19.2M | $-1.1M | -10.7% | -5.4% | 15 | 0.96 | 17% | 164 | 75 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jonathan Nalli | operational/managerial control | 100 | 2018-03 | |
| St Vincent Health Inc | 5% or greater direct ownership interest | 100 | 2014-10 | |
| St Vincent Health Inc | operational/managerial control | 100 | 2014-10 | |
| Brian Schymik | corporate director | 2018-03 | ||
| Chrstine Fredric | corporate director | 2019-05 | ||
| Ernest Johnson | corporate director | 2018-03 | ||
| James Sandgren | corporate director | 2018-03 | ||
| Marty Mattingly | corporate officer | 2019-05 | ||
| Marty Mattingly | w-2 managing employee | 2019-05 | ||
| Marty Mattingly | operational/managerial control | 2019-05 | ||
| Michael Herrell | corporate director | 2019-05 | ||
| Rita Eykamp | corporate director | 2018-03 | ||
| Sally Rideout | corporate director | 2013-07 | ||
| Zach Zirkelbach | corporate officer | 2021-07 | ||
| Zach Zirkelbach | w-2 managing employee | 2021-07 |
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 |