Holy Cross Hospital
Chicago, Cook County, IL
· CCN 140133
Licensed to Holy Cross Hospital
Composite
63.0
rank score
Distress
79
FY2024
Fit
68
vs thesis
Estimated ticket
$53.5M–$214M
153 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- debt above 70% of assets
- occupancy 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $96.9M |
| Operating margin | -27.4% |
| Total margin | -13.0% |
| Days cash on hand | 8 |
| Current ratio | 1.58 |
| Occupancy | 41% |
Facility
| Beds | 153 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 155 | $69.6M | $1.1M | -40.4% | 1.2% | 31 | 0.45 | 53% | 5,558 | 63 |
| 2022 | 155 | $95.8M | $-12.6M | -23.3% | -11.9% | 5 | 0.42 | 53% | 5,738 | 82 |
| 2023 | 155 | $90.4M | $-20.5M | -38.1% | -19.6% | 9 | 1.26 | 43% | 4,390 | 76 |
| 2024 | 153 | $96.9M | $-14.2M | -27.4% | -13.0% | 8 | 1.58 | 41% | 4,114 | 79 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Sinai Health System | operational/managerial control | 100 | 2013-01 | |
| Abraham Morgan | corporate director | 2013-01 | ||
| Anne Cohn | corporate director | 2013-04 | ||
| Bret Maxwell | corporate director | 2013-01 | ||
| Christopher Stephens | w-2 managing employee | 2015-03 | ||
| Dimas Ortega | corporate officer | 2023-12 |
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 |