Scott Memorial Hospital
dba Norton Scott Hospital ·
Scottsburg, Scott County, IN
· CCN 151334
Licensed to Norton Scott Hospital, Llc
Composite
60.5
rank score
Distress
90
FY2023
Fit
50
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 below -8%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- 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 · FY2023
| Net patient revenue | $18.7M |
| Operating margin | -21.0% |
| Total margin | -14.5% |
| Days cash on hand | 4 |
| Current ratio | -34.20 |
| Occupancy | 21% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $18.1M | $72.1K | -11.7% | 0.4% | 0 | 0.74 | 42% | 594 | 80 |
| 2021 | 25 | $21.9M | $1.4M | -0.2% | 5.9% | 0 | 1.21 | 41% | 566 | 51 |
| 2022 | 25 | $21.6M | $3.1M | -1.6% | 12.3% | 0 | 2.14 | 38% | 552 | 43 |
| 2023 | 25 | $18.7M | $-2.9M | -21.0% | -14.5% | 4 | -34.20 | 21% | 317 | 90 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Norton Healthcare - Indiana, Inc | 5% or greater indirect ownership interest | 100 | 2023-09 | |
| Norton Scott Hospital, Llc | 5% or greater indirect ownership interest | 100 | 2023-09 | |
| The Regional Health Network Of Kentucky And Southern Indiana Llc | 5% or greater direct ownership interest | 100 | 2013-01 | |
| Adam Kempf | corporate officer | 2023-09 | ||
| Elizabeth Truax | corporate director | 2025-04 | ||
| Norton Healthcare Inc | 5% or greater indirect ownership interest | 2023-09 | ||
| Robert Azar | corporate officer | 2023-09 | ||
| Russell Cox | corporate officer | 2023-09 | ||
| Shelley Gast | contracted managing employee | 2023-09 | ||
| Shelley Gast | corporate officer | 2023-09 |
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 |