Indiana University Health Bedford
dba Indiana University Health Bedford Hospital ·
Bedford, Lawrence County, IN
· CCN 151328
Licensed to Indiana University Health Bedford Inc
Composite
29.4
rank score
Distress
6
FY2023
Fit
62
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- margin deteriorating
- 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
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $98.7M |
| Operating margin | 15.7% |
| Total margin | 22.4% |
| Days cash on hand | 629 |
| Current ratio | 10.28 |
| Occupancy | 74% |
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 | $81.2M | $21.0M | 22.4% | 25.0% | 493 | 4.94 | 58% | 1,414 | 2 |
| 2021 | 25 | $87.9M | $29.5M | 21.7% | 30.0% | 544 | 7.17 | 83% | 1,598 | 0 |
| 2022 | 46 | $93.4M | $14.9M | 14.2% | 15.7% | 539 | 8.13 | 45% | 1,631 | 2 |
| 2023 | 25 | $98.7M | $24.0M | 15.7% | 22.4% | 629 | 10.28 | 74% | 1,631 | 6 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Indiana University Health Inc | operational/managerial control | 100 | 2005-09 | chain |
| Corinna Repetto | corporate director | 2021-01 | ||
| Denzil Ross | corporate officer | 2024-02 | ||
| Denzil Ross | corporate director | 2024-02 | ||
| Denzil Ross | operational/managerial control | 2024-02 | ||
| Jack Kenworthy | corporate officer | 2016-10 | ||
| Jack Kenworthy | corporate director | 2016-10 | ||
| Joyce Poling | corporate director | 2016-10 | ||
| Julie Minton | corporate director | 2018-10 | ||
| Kamal Girgis | corporate director | 2026-01 | ||
| Kent Rodgers | corporate director | 2026-01 | ||
| Kevin Gebke | corporate director | 2022-08 | ||
| Larry Bailey | corporate officer | 2001-01 | ||
| Larry Bailey | w-2 managing employee | 2001-01 | ||
| Michael Craig | corporate officer | 2016-10 | ||
| Michael Craig | w-2 managing employee | 2016-10 | ||
| Michael Craig | operational/managerial control | 2016-10 | ||
| Mohan Shenoy | corporate director | 2021-01 | ||
| Paul Quick | corporate director | 2025-01 | ||
| Richard Hendrickson | corporate officer | 2016-10 | ||
| Richard Hendrickson | corporate director | 2016-10 | ||
| Skylar Whiteman | corporate director | 2025-01 | ||
| Tashera Perry | corporate director | 2025-01 | ||
| Whitney Aiken | corporate officer | 2026-01 |
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 |