Palos Community Hospital
Orland Park, Cook County, IL
· CCN 140062
Licensed to Palos Community Hospital
Composite
68.8
rank score
Distress
92
FY2024
Fit
68
vs thesis
Estimated ticket
$114M–$456M
326 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $434M |
| Operating margin | -22.3% |
| Total margin | -9.7% |
| Days cash on hand | 0 |
| Current ratio | -2.60 |
| Occupancy | 81% |
Facility
| Beds | 326 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 377 | $332M | $-10.2M | -18.4% | -2.7% | 45 | 1.20 | 58% | 16,270 | 58 |
| 2021 | 377 | $227M | $58.4M | -13.1% | 18.5% | 20 | -1.87 | 60% | 11,748 | 63 |
| 2022 | 334 | $354M | $-75.1M | -30.5% | -19.3% | 0 | -2.28 | 73% | 16,119 | 88 |
| 2023 | 342 | $387M | $-70.2M | -29.8% | -16.2% | 1 | -2.46 | 70% | 17,270 | 91 |
| 2024 | 326 | $434M | $-46.8M | -22.3% | -9.7% | 0 | -2.60 | 81% | 20,505 | 92 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Northwestern Memorial Healthcare | operational/managerial control | 100 | 2020-11 | |
| Aaron Epstein | corporate director | 2024-09 | ||
| Anthony Kesman | corporate director | 2022-09 | ||
| Bahram Ghaderi | corporate director | 2025-09 | ||
| Beatrice Correa Rivera | corporate director | 2025-06 | ||
| Carol Bernick | corporate director | 2022-09 | ||
| Charles Ruth | corporate director | 2022-09 | ||
| Dean Harrison | corporate officer | 2021-01 | ||
| Dean Harrison | corporate director | 2021-01 | ||
| Deborah Saran | corporate director | 2022-09 | ||
| Forrest Whittaker | corporate director | 2022-09 | ||
| Howard Chrisman | corporate director | 2023-01 | ||
| Ikechukwu Chineme | corporate director | 2025-09 | ||
| James Thorpe | corporate director | 2022-09 | ||
| James Zallie | corporate director | 2022-09 | ||
| John Guido | corporate director | 2024-01 | ||
| Jose Carlos Gonzalez-Mendez | corporate director | 2022-09 | ||
| Joseph Crane | corporate director | 2021-01 | ||
| Kermit Crawford | corporate director | 2022-09 | ||
| Kevin Poorten | corporate director | 2022-09 | ||
| Michael Leonard | corporate director | 2021-01 | ||
| Michael Mullen | corporate officer | 2022-01 | ||
| Michael Vivoda | corporate officer | 2023-09 | ||
| Michael Vivoda | w-2 managing employee | 2023-09 | ||
| Michele Montpetit | corporate director | 2024-09 |
Showing 25 of 30. Full list via /api/targets/140062.
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 |