Ethan Crossing Of Indianapolis
dba Ethan Crossing Addiction Campus Of Indianapolis ·
Indianapolis, Marion County, IN
· CCN 154071
Licensed to Shore Behavioral Llc
Composite
67.9
rank score
Distress
83
FY2024
Fit
76
vs thesis
Estimated ticket
$7.9M–$31.6M
41 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- liabilities exceed assets
- occupancy 30-45%
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- small but workable bed count
- small ticket — deploys little of the available capital
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $7.1M |
| Operating margin | -29.6% |
| Total margin | -29.5% |
| Days cash on hand | 2 |
| Current ratio | 23.64 |
| Occupancy | 37% |
Facility
| Beds | 41 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $192K |
| Per-bed (high) | $770K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 41 | $7.1M | $-2.1M | -29.6% | -29.5% | 2 | 23.64 | 37% | 870 | 83 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Omg Behavioral Holdings Llc | 5% or greater direct ownership interest | 100 | 2020-11 | |
| Omg Re Holdings Llc | 5% or greater indirect ownership interest | 100 | 2020-11 | |
| Blake Berman | w-2 managing employee | 2020-11 | ||
| Ronald Wilheim | corporate officer | 2020-11 | ||
| Yitzhak Rosedale | corporate officer | 2020-11 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.