Katherine Shaw Bethea Hospital
dba Osf Saint Katharine Medical Center ·
Dixon, Lee County, IL
· CCN 140012
Licensed to Osf Healthcare System
Already transacted. CMS recorded an ownership change effective
2025-01-01. Confirm the current owner before spending a call on this.
Composite
16.9
rank score
Distress
64
FY2023
Fit
48
vs thesis
Estimated ticket
$6.8M–$13.6M
80 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current liabilities exceed current assets
- occupancy 30-45%
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
- changed ownership 2025-01-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $144M |
| Operating margin | -5.9% |
| Total margin | -3.6% |
| Days cash on hand | 8 |
| Current ratio | 0.98 |
| Occupancy | 42% |
Facility
| Beds | 80 |
| Facility type | STH |
| 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 | 66 | $119M | $-14.9M | -28.3% | -10.9% | 59 | 1.53 | 39% | 2,765 | 67 |
| 2021 | 66 | $139M | $-3.7M | -10.1% | -2.5% | 48 | 0.95 | 39% | 2,750 | 67 |
| 2022 | 66 | $137M | $-16.0M | -12.8% | -11.5% | 16 | 0.86 | 35% | 2,581 | 81 |
| 2023 | 80 | $144M | $-5.3M | -5.9% | -3.6% | 8 | 0.98 | 42% | 2,707 | 64 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Anne Ziegler | corporate director | 2021-01 | ||
| August Querciagrossa | w-2 managing employee | 2022-08 | ||
| August Querciagrossa | operational/managerial control | 2022-08 | ||
| Brian Silverstein | corporate director | 2015-10 | ||
| Bridget Meidl | corporate director | 2014-11 | ||
| Gerald Mcshane | corporate director | 1996-09 | ||
| Jacqueline Kernan | w-2 managing employee | 2025-01 | ||
| Jacqueline Kernan | operational/managerial control | 2025-01 | ||
| Judith Duvall | corporate officer | 2006-10 | ||
| Judith Duvall | corporate director | 1989-10 | ||
| Kathleen Williams | corporate officer | 2014-11 | ||
| Kathleen Williams | corporate director | 2003-01 | ||
| Kirsten Largent | corporate officer | 2024-11 | ||
| Kirsten Largent | w-2 managing employee | 2024-11 | ||
| Kirsten Largent | operational/managerial control | 2024-11 | ||
| Melanie Mann | corporate officer | 2024-10 | ||
| Melanie Mann | corporate director | 2006-10 | ||
| Michelle Conger | corporate officer | 2025-01 | ||
| Michelle Conger | corporate director | 2025-01 | ||
| Michelle Conger | operational/managerial control | 2025-01 | ||
| Osf Healthcare Ministries | operational/managerial control | 2024-11 | ||
| Patricia Brazeau | corporate officer | 2006-10 | ||
| Patricia Brazeau | corporate director | 2006-10 | ||
| Paula Selamat | corporate director | 2024-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2025-01-01 | change of ownership | Osf Healthcare System | Katherine Shaw Bethea Hospital |
Who has been buying in IL
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 |
|---|---|---|---|---|
| 2025-03-01 | Saint Joseph Medical Center - Joliet Llc | Presence Central And Suburban... | Presence St. Joseph Medical Center | 425 |
| 2025-03-01 | St Marys Hospital - Kankakee Llc | Presence Central And Suburban... | Presence St. Marys Hospital | 169 |
| 2025-03-01 | Mercy Medical Center - Aurora Llc | Presence Central And Suburban... | Presence Mercy Medical Center | 190 |
| 2025-03-01 | Saint Joseph Hospital - Elgin Llc | Presence Central And Suburban... | Presence Saint Joseph Hospital Elgin | 144 |
| 2025-03-01 | Saint Francis Hospital - Evanston Llc | Presence Chicago Hospitals Network | Presence Saint Francis Hospital | 146 |
| 2025-03-01 | Resurrection Medical Center - Chicago Llc | Presence Chicago Hospitals Network | Presence Resurrection Medical Center | 221 |
| 2025-03-01 | Saint Mary Of Nazareth Hospital -... | Presence Chicago Hospitals Network | Presence Saints Mary & Elizabeth Med | 296 |
| 2025-01-01 | Osf Healthcare System | Katherine Shaw Bethea Hospital | Katherine Shaw Bethea Hospital | 80 |
| 2023-03-01 | American Healthcare Systems Illinois Llc | Granite City Illinois Hospital Company Llc | Gateway Regional | 288 |
| 2023-01-14 | Deaconess Illinois Crossroads Inc | National Healthcare Of Mt Vernon Inc | Crossroads Community Hospital | 47 |
| 2023-01-14 | Deaconess Regional Healthcare... | Marion Hospital Corporation | Heartland Regional Medical Center | 94 |
| 2020-12-01 | Advocate Health And Hospitals Corporation | Advocate Health And Hospitals Corporation | Advocate Southland Health Network | 438 |
| 2020-07-01 | Carle Bromenn Medical Center | Advocate Health And Hospitals Corporation | Carle Bromenn Medical Center | 206 |
| 2020-02-01 | Osf Healthcare System | Little Company Of Mary Hospital Inc | Little Company Of Mary | 222 |
| 2019-10-01 | Thorek Memorial Hospital | Bethany Homes And Methodist Hospital | Methodist Hospital Of Chicago | 141 |