dealflow
envelope $200M

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Presence Saint Francis Hospital

dba Saint Francis Hospital · Evanston, Cook County, IL · CCN 140080
Licensed to Saint Francis Hospital - Evanston Llc

Already transacted. CMS recorded an ownership change effective 2025-03-01. Confirm the current owner before spending a call on this.
Composite
18.1
rank score
Distress
64
FY2024
Fit
58
vs thesis
Estimated ticket
$12.4M–$24.8M
146 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • operating margin below -10%
  • total margin -8% to -3%
  • under 30 days cash on hand
  • current ratio under 1.5
  • occupancy 45-60%
  • margin slipping
  • rural — cheaper but limited density
  • bed count in the target band
  • small ticket — deploys little of the available capital
  • moderate occupancy
  • nonprofit — expect AG conversion review
  • changed ownership 2025-03-01 — likely already transacted

Latest financials · FY2024

Net patient revenue$193M
Operating margin -15.5%
Total margin -5.1%
Days cash on hand 0
Current ratio 1.07
Occupancy56%

Facility

Beds146
Facility typeSTH
Settingrural
Ownership classnonprofit
Per-bed (low) $85.0K
Per-bed (high) $170K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 146 $164M $-7.2M -14.9% -4.0% 0 0.42 55% 5,656 82
2022 146 $173M $-9.3M -12.1% -5.0% 0 0.71 58% 5,962 78
2023 146 $188M $-11.6M -12.6% -5.8% 0 0.90 58% 5,832 73
2024 146 $193M $-10.9M -15.5% -5.1% 0 1.07 56% 5,832 64

Owners

OwnerRole%SinceType
Prime Healthcare Foundation Inc
Ontario, CA
 5% or greater direct ownership interest 100 2024-03
Christopher Doan corporate officer 2024-03
Christopher Doan w-2 managing employee 2024-03
Steven Aleman corporate officer 2024-03
Steven Aleman w-2 managing employee 2024-03

Ownership changes

DateTypeBuyerSeller
2025-03-01 change of ownership Saint Francis Hospital - Evanston Llc Presence Chicago Hospitals Network

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.

DateBuyerSellerHospitalBeds
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