Carle Foundation Hospital
Urbana, Champaign County, IL
· CCN 140091
Licensed to The Carle Foundation Hospital
Composite
14.3
rank score
Distress
32
FY2023
Fit
54
vs thesis
Estimated ticket
$234M–$938M
469 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $1.4B |
| Operating margin | 20.1% |
| Total margin | 21.0% |
| Days cash on hand | 0 |
| Current ratio | -0.49 |
| Occupancy | 78% |
Facility
| Beds | 469 |
| 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 | 427 | $1.0B | $182M | 13.5% | 16.8% | 0 | -2.69 | 81% | 27,221 | 36 |
| 2021 | 433 | $1.2B | $220M | 16.9% | 18.1% | 0 | -2.69 | 78% | 26,698 | 36 |
| 2022 | 433 | $1.2B | $169M | 11.8% | 13.6% | 0 | -3.01 | 86% | 27,400 | 36 |
| 2023 | 469 | $1.4B | $296M | 20.1% | 21.0% | 0 | -0.49 | 78% | 28,711 | 32 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| The Carle Foundation | 5% or greater direct ownership interest | 100 | 1982-05 | |
| Caleb Miller | corporate director | 2023-04 | ||
| Elizabeth Angelo | corporate director | 2023-04 | ||
| James Leonard | corporate officer | 2007-09 | ||
| Kelly Cunningham | corporate director | 2023-04 | ||
| Martin O'donnell | corporate director | 2023-04 | ||
| Matthew Kolb | corporate officer | 2019-06 | ||
| Matthew Kolb | w-2 managing employee | 2019-06 | ||
| Meredith Mills | corporate director | 2023-04 |
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 |