Advocate Sherman Hospital
Elgin, Kane County, IL
· CCN 140030
Licensed to Advocate Sherman Hospital
Composite
28.5
rank score
Distress
5
FY2023
Fit
66
vs thesis
Estimated ticket
$128M–$510M
255 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- current ratio under 1.5
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size at the top of the envelope — would need leverage
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $367M |
| Operating margin | 2.8% |
| Total margin | 3.8% |
| Days cash on hand | 1,107 |
| Current ratio | 1.11 |
| Occupancy | 55% |
Facility
| Beds | 255 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 255 | $304M | $3.4M | -9.5% | 1.0% | 1,272 | 1.02 | 59% | 18,591 | 31 |
| 2021 | 255 | $337M | $7.6M | 0.4% | 2.2% | 974 | 0.92 | 58% | 14,026 | 18 |
| 2022 | 255 | $356M | $3.2M | -1.4% | 0.9% | 561 | 1.03 | 59% | 11,932 | 24 |
| 2023 | 255 | $367M | $13.9M | 2.8% | 3.8% | 1,107 | 1.11 | 55% | 12,044 | 5 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Advocate Aurora Health, Inc. | 5% or greater indirect ownership interest | 100 | 2018-04 | |
| Advocate Aurora Health, Inc. | operational/managerial control | 100 | 2018-04 | |
| Advocate Health Care Network | 5% or greater direct ownership interest | 100 | 2013-06 | |
| Advocate Health And Hospitals Corporation | other | 2022-03 | ||
| Advocate Health Inc | operational/managerial control | 2022-12 | ||
| Azmey Matarieh | corporate director | 2018-01 | ||
| Brad Epstein | corporate director | 2023-08 | ||
| Craig Lamp | corporate officer | 2020-01 | ||
| Craig Lamp | corporate director | 2013-12 | ||
| Cynthia Maldonado | corporate director | 2024-01 | ||
| Desiree Millet | corporate officer | 2026-06 | ||
| Dia Nichols | corporate officer | 2023-11 | ||
| Harold Slinkman | corporate director | 2023-06 | ||
| Janelle Dixon | corporate officer | 2023-01 | ||
| Janelle Dixon | corporate director | 2021-01 | ||
| Kara Richardson | corporate officer | 2025-01 | ||
| Karen Lambert | corporate director | 2018-05 | ||
| Kenneth Jakle | corporate director | 2013-06 | ||
| Kurt Schneider | corporate director | 2022-01 | ||
| Lindsay Durgin | corporate officer | 2025-07 | ||
| Meeli Patel | corporate director | 2021-08 | ||
| Nancy Coleman | corporate director | 2024-01 | ||
| Nathaniel Edmond | corporate officer | 2020-01 | ||
| Nathaniel Edmond | corporate director | 2013-06 | ||
| Rachel Baer | corporate director | 2018-01 |
Showing 25 of 40. Full list via /api/targets/140030.
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 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 |