Cgh Medical Center
Sterling, Whiteside County, IL
· CCN 140043
Licensed to Cgh Medical Center
Composite
33.5
rank score
Distress
34
FY2024
Fit
46
vs thesis
Estimated ticket
$9.5M–$19.0M
95 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin negative
- 30-60 days cash on hand
- 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
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $273M |
| Operating margin | -0.9% |
| Total margin | 5.2% |
| Days cash on hand | 42 |
| Current ratio | 1.66 |
| Occupancy | 43% |
Facility
| Beds | 95 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 98 | $215M | $-121K | -7.0% | -0.1% | 57 | 1.70 | 38% | 3,549 | 52 |
| 2022 | 98 | $238M | $2.3M | -3.0% | 0.9% | 59 | 1.81 | 44% | 3,690 | 41 |
| 2023 | 95 | $247M | $-8.0M | -7.6% | -3.1% | 30 | 1.40 | 43% | 3,597 | 66 |
| 2024 | 95 | $273M | $15.1M | -0.9% | 5.2% | 42 | 1.66 | 43% | 3,824 | 34 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andy Moore | corporate director | 2007-11 | ||
| Benjamin Schaab | corporate officer | 2011-09 | ||
| Cgh Medical Center | 5% or greater direct ownership interest | 2007-11 | ||
| Heather Sotelo | corporate director | 2011-08 | ||
| Jeffrey Lemay | corporate director | 1986-08 | ||
| John Benson | corporate director | 2007-11 | ||
| John Vonosdol | corporate director | 2007-11 | ||
| Kenneth Koerner | corporate director | 2000-04 | ||
| Kenneth Koerner | w-2 managing employee | 2013-04 | ||
| Marcia Jones | corporate director | 2011-02 | ||
| Mary Jean Derreberry | corporate director | 2021-06 | ||
| Nancy Rasmussen | corporate director | 2007-11 | ||
| Paul Steinke | corporate director | 2009-07 | ||
| Scott Wolber | corporate director | 2017-08 | ||
| Shawn Hanlon | corporate director | 1986-08 | ||
| Thomas King | corporate director | 2022-02 |
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 |