Bhc Meadows Hospital
dba Bloomington Meadows Hospital ·
Bloomington, Monroe County, IN
· CCN 154041
Licensed to Bloomington Meadows Gp
Composite
52.0
rank score
Distress
34
FY2023
Fit
87
vs thesis
Estimated ticket
$21.4M–$85.8M
78 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $16.6M |
| Operating margin | 17.9% |
| Total margin | 18.1% |
| Days cash on hand | 0 |
| Current ratio | -0.16 |
| Occupancy | 59% |
Facility
| Beds | 78 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $275K |
| Per-bed (high) | $1.1M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 78 | $14.4M | $1.0M | 5.7% | 7.1% | 0 | -0.10 | 54% | 2,293 | 38 |
| 2021 | 78 | $17.3M | $3.1M | 17.3% | 17.6% | 0 | -0.17 | 56% | 2,407 | 38 |
| 2022 | 78 | $15.6M | $3.6M | 23.0% | 23.2% | 0 | -0.17 | 52% | 2,506 | 38 |
| 2023 | 78 | $16.6M | $3.0M | 17.9% | 18.1% | 0 | -0.16 | 59% | 2,701 | 34 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Behavioral Healthcare Llc | 5% or greater indirect ownership interest | 100 | 2008-01 | |
| Bhc Holdings Inc | 5% or greater indirect ownership interest | 100 | 2008-01 | |
| Cheryl Ramagano | corporate officer | 100 | 2010-11 | |
| George Brunner | corporate officer | 100 | 2010-11 | |
| Katharine Lyver | corporate officer | 100 | 2024-01 | |
| Matthew Klein | corporate officer | 100 | 2010-11 | |
| Psychiatric Solutions, Inc. | 5% or greater indirect ownership interest | 100 | 2008-01 | |
| Steve Filton | corporate officer | 100 | 2010-11 | |
| Steve Filton | operational/managerial control | 100 | 2010-11 | |
| Thomas Day | corporate officer | 100 | 2021-07 | |
| Uhs Of Delaware Inc | operational/managerial control | 100 | 2010-11 | chain |
| Universal Health Services Inc | 5% or greater indirect ownership interest | 100 | 2010-11 | |
| Bhc Of Indiana General Partnership | 5% or greater direct ownership interest | 99 | 2008-01 | |
| Bhc Of Indiana General Partnership | general partnership interest | 99 | 2008-01 | |
| Alan Miller | 5% or greater indirect ownership interest | 87 | 2024-03 | |
| Valle Vista Hospital Partners Llc | 5% or greater indirect ownership interest | 63 | 2008-01 | |
| Valle Vista Hospital Partners Llc | limited partnership interest | 63 | 2008-01 | |
| James Coleman | contracted managing employee | 50 | 2010-11 | |
| Steve Filton | corporate director | 33 | 2010-11 | |
| Thomas Day | corporate director | 33 | 2021-07 | |
| Columbus Hospital Partner Llc | 5% or greater indirect ownership interest | 19 | 2008-01 | |
| Columbus Hospital Partner Llc | limited partnership interest | 19 | 2008-01 | |
| Lebanon Hospital Partners Llc | 5% or greater indirect ownership interest | 13 | 2008-01 | |
| Lebanon Hospital Partners Llc | limited partnership interest | 13 | 2008-01 | |
| Northern Indiana Partners Llc | 5% or greater indirect ownership interest | 5 | 2008-01 |
Showing 25 of 34. Full list via /api/targets/154041.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.