Velarion Records

Long-term care hospital · Indianapolis, Indiana · 45 beds · CMS certification number 152013

Kindred Hospital Indianapolis North

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended August 31, 2025, settled, stamped by CMS March 11, 2026. 29 years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$13.6M
$13,583,952 · G-3 line 3
Operating expenses
$17.8M
$17,834,165 · G-3 line 4
Result from patient care
−$4.3M
−$4,250,213 · G-3 line 5
Margin on patient care
−31.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $8.2M in its first year on file (1997) to $13.6M in 2025.
  • Its result from patient care: −$1.9M (2023), −$3.4M (2024), −$4.3M (2025).
  • 3 of the 5 long-term care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • Medicaid paid for 1.2% of its inpatient days and Medicare for 18.9%.
  • KENTUCKY HOSPITAL HOLDINGS JV LP holds 100% of it, on its Medicare enrollment.

Every statement is drawn from figures on this page; nothing is estimated.

29 years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
1997
reopened
$8.2M
$7.1M
1998
reopened
$10.5M
$8.7M
1999
reopened
$9.9M
$9.2M
2000
reopened
$9.1M
$7.7M
2001
settled
$11.6M
$8.5M
2002
reopened
$10.8M
$9.2M
2003
reopened
$11.1M
$9.7M
2004
settled
$13.2M
$9.8M
2005
reopened
$17.6M
$12.4M
2006
settled
$19.3M
$14.1M
2007
settled
$18.4M
$15.8M
2008
reopened
$19.4M
$17.5M
2009
reopened
$20.1M
$16.2M
2010
settled
$20.4M
$16.9M
2011
settled
$18.6M
$15.7M
2012
reopened
$14.8M
$15.8M
2013
settled
$13.1M
$16.0M
2014
settled
$15.7M
$16.9M
2015
reopened
$17.2M
$16.5M
2016
reopened
$16.4M
$13.8M
2017
settled
$13.7M
$16.0M
2018
reopened
$15.1M
$16.6M
2019
settled
$14.3M
$14.7M
2020
reopened
$15.2M
$15.9M
2021
reopened
$18.3M
$17.8M
2022
settled
$17.2M
$18.7M
2023
settled
$16.0M
$17.9M
2024
settled
$13.9M
$17.3M
2025
settled
$13.6M
$17.8M

Beside its peers

Hospitals of the same type (long-term care hospital), nearest in size, from Indiana first; each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Kindred Hospital Indianapolis North45$13,583,952$17,834,165−31.3%
Central Indiana-AMG Specialty Hospital, Muncie41$24,754,002$20,784,28316.0%
Kindred Hospital - Indianapolis, Indianapolis59$16,440,469$18,466,518−12.3%
NW Indiana-AMG Specialty Hospital, Crown Point18$12,117,134$12,442,301−2.7%
Regency Hospital of Northwest Indiana, East Chicago61$29,657,188$24,860,18916.2%
Select Specialty Hospital Evansville, Evansville60$25,163,148$27,243,032−8.3%

Patients and payers

Discharges
256
S-3 line 14, col 15
Inpatient days
7,175
S-3 line 14, col 8
Beds in use, on an average day
19.7
days ÷ days in year
Occupancy
43.7%
days ÷ bed days
Medicare share of days
18.9%
S-3 cols 6 ÷ 8
Medicaid share of days
1.2%
S-3 cols 7 ÷ 8

Who owns it

  • KENTUCKY HOSPITAL HOLDINGS JV LP100%
  • KENTUCKY HOSPITAL HOLDINGS LLC100%
  • KENTUCKY HOSPITAL INTERMEDIATE LLC100%
  • KINDRED HEALTHCARE LLC100%
  • KINDRED HEALTHCARE OPERATING LLC100%
  • KND HOSPITAL REAL ESTATE HOLDINGS LLC100%
  • KND REAL ESTATE HOLDINGS LLC100%
  • KNIGHT HEALTH HOLDINGS LLC100%
  • KNIGHT HEALTH LLC100%

Related organizations on its own cost report: KHOLLC (100%), home office cost; KHOLLC (100%), liability insurance; APOLLO (100%), tsa/rehab/psych.

Other hospitals with the same owner: Andalusia Health (AL), Vaughan Regional Medical Center (AL), Cornerstone Specialty Hospitals Little Rock (AR), Kindred Hospital - Los Angeles (CA), Kindred Hospital - San Francisco Bay Area (CA), Kindred Hospital Westminster (CA), Kindred Hospital - San Diego (CA), Kindred Hospital - Ontario (CA), Kindred Hospital Brea (CA), Kindred Hospital Baldwin Park (CA), Kindred Hospital Paramount (CA), Kindred Hospital Rancho (CA).

Type of control on its cost report: proprietary, corporation.

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

Follow this hospital, free

We send this record now and tell you when it files again.

More long-term care hospitals in Indiana

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2024.ZIP, form CMS-2552-10, filed under CMS certification number 152013. Patients and payers: worksheet S-3 Part I of the same filing. Ownership: CMS Hospital All Owners and Hospital Enrollments.

How this page was built: the CMS Medicare cost report, file HOSP10FY2024.ZIP, read March 11, 2026.