Carle Bromenn Medical Center
Normal, Mclean County, IL
· CCN 140127
Licensed to Carle Bromenn Medical Center
Composite
37.5
rank score
Distress
28
FY2023
Fit
58
vs thesis
Estimated ticket
$20.6M–$41.2M
206 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- occupancy 45-60%
- part of a multi-hospital chain — divestiture candidate
- 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
Latest financials · FY2023
| Net patient revenue | $243M |
| Operating margin | 1.3% |
| Total margin | 3.3% |
| Days cash on hand | 2 |
| Current ratio | 5.73 |
| Occupancy | 48% |
Facility
| Beds | 206 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 206 | $70.3M | $-2.5M | -15.8% | -3.2% | 7,652 | 1.19 | 36% | 3,480 | 49 |
| 2021 | 206 | $177M | $1.2M | -1.5% | 0.6% | 6 | 3.35 | 45% | 6,736 | 47 |
| 2022 | 206 | $209M | $-17.0M | -10.6% | -7.9% | 5 | 7.55 | 49% | 7,572 | 64 |
| 2023 | 206 | $243M | $8.2M | 1.3% | 3.3% | 2 | 5.73 | 48% | 7,972 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Carle Health - Central Region | 5% or greater direct ownership interest | 100 | 2025-01 | |
| The Carle Foundation | 5% or greater indirect ownership interest | 100 | 2025-01 | chain |
| Andrea Kane | corporate director | 2021-01 | ||
| Arlene Hosea | corporate director | 2026-01 | ||
| Brandi Sweeney | corporate officer | 2023-09 | ||
| Brandi Sweeney | w-2 managing employee | 2023-09 | ||
| Brandon Bressner | corporate director | 2019-01 | ||
| Charles Dennis | corporate director | 2024-01 | ||
| Delene Bane | corporate director | 2026-01 | ||
| James Leonard | operational/managerial control | 2020-07 | ||
| Jennifer Vance | corporate director | 2023-01 | ||
| John Kell | corporate director | 2025-06 | ||
| Mary Yoder | corporate director | 2018-01 | ||
| Matthew Kolb | corporate officer | 2017-06 | ||
| Robert Cavagnol | corporate officer | 2026-02 | ||
| Robert Cavagnol | corporate director | 2026-02 | ||
| Robert Cavagnol | w-2 managing employee | 2026-02 | ||
| Ronald Greene | corporate director | 2015-01 | ||
| Stephen Pitcher | corporate director | 2026-01 | ||
| Steven Delis | corporate director | 2024-09 | ||
| Sue Strayer | corporate director | 2018-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-07-01 | change of ownership | Carle Bromenn Medical Center | Advocate Health And Hospitals... |
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 |