Northern Illinois Medical Center
dba Northwestern Medicine Mchenry Hospital ·
Mchenry, Mc Henry County, IL
· CCN 140116
Licensed to Northern Illinois Medical Center
Composite
52.2
rank score
Distress
55
FY2024
Fit
68
vs thesis
Estimated ticket
$125M–$498M
293 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- under 30 days cash on hand
- current liabilities exceed current assets
- 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 | $654M |
| Operating margin | -8.6% |
| Total margin | -0.3% |
| Days cash on hand | 0 |
| Current ratio | 0.89 |
| Occupancy | 86% |
Facility
| Beds | 293 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 291 | $550M | $-13.5M | -6.8% | -2.4% | 75 | 1.74 | 80% | 17,113 | 40 |
| 2022 | 291 | $639M | $-10.0M | -3.7% | -1.5% | 0 | 0.53 | 83% | 19,274 | 59 |
| 2023 | 259 | $641M | $-21.7M | -12.5% | -3.1% | 0 | 0.30 | 91% | 19,097 | 76 |
| 2024 | 293 | $654M | $-2.2M | -8.6% | -0.3% | 0 | 0.89 | 86% | 20,473 | 55 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Northwestern Memorial Healthcare | 5% or greater direct ownership interest | 100 | 2020-10 | |
| Aaron Epstein | corporate director | 2024-09 | ||
| Ankur Behl | corporate director | 2023-09 | ||
| Anthony Kesman | corporate director | 2018-09 | ||
| Carol Bernick | corporate director | 2022-09 | ||
| Catie Schmit | corporate director | 2024-01 | ||
| Catie Schmit | w-2 managing employee | 2024-01 | ||
| Charles Ruth | corporate director | 2007-10 | ||
| Dean Harrison | corporate officer | 2018-09 | ||
| Dean Harrison | corporate director | 2018-09 | ||
| Deborah Saran | corporate director | 2018-09 | ||
| Forrest Whittaker | corporate director | 2018-09 | ||
| Howard Chrisman | corporate director | 2023-01 | ||
| James Thorpe | corporate director | 2018-01 | ||
| James Zallie | corporate director | 2018-09 | ||
| John Guido | corporate director | 2024-01 | ||
| Jose Carlos Gonzalez-Mendez | corporate director | 2022-09 | ||
| Joseph Crane | corporate director | 2022-09 | ||
| Kermit Crawford | corporate director | 2018-09 | ||
| Kevin Poorten | corporate director | 2022-09 | ||
| Michael Leonard | corporate director | 2022-09 | ||
| Michael Mullen | corporate officer | 2021-09 | ||
| Michele Montpetit | corporate director | 2024-09 | ||
| Scott Gwilliam | corporate director | 2022-09 | ||
| Scott Serota | corporate director | 2022-09 |
Showing 25 of 30. Full list via /api/targets/140116.
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 |