Decatur Memorial Hospital
Decatur, Macon County, IL
· CCN 140135
Licensed to Decatur Memorial Hospital
Composite
67.2
rank score
Distress
84
FY2023
Fit
74
vs thesis
Estimated ticket
$62.3M–$249M
178 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $273M |
| Operating margin | -34.1% |
| Total margin | -19.1% |
| Days cash on hand | 1 |
| Current ratio | 0.32 |
| Occupancy | 51% |
Facility
| Beds | 178 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 156 | $258M | $-2.0M | -18.9% | -0.7% | 75 | 2.26 | 53% | 7,202 | 48 |
| 2021 | 178 | $264M | $16.6M | -15.5% | 5.2% | 25 | 0.77 | 53% | 6,433 | 66 |
| 2022 | 178 | $289M | $-62.6M | -23.3% | -21.3% | 13 | 0.58 | 54% | 6,218 | 82 |
| 2023 | 178 | $273M | $-58.6M | -34.1% | -19.1% | 1 | 0.32 | 51% | 6,507 | 84 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Memorial Health System | 5% or greater direct ownership interest | 100 | 2019-10 | |
| Aimee Fyke | corporate director | 2017-01 | ||
| Cristobal Valdez | corporate director | 2019-01 | ||
| Douglas Carlson | corporate director | 2019-02 | ||
| Drew Early | corporate officer | 2019-10 | ||
| Drew Early | w-2 managing employee | 2019-10 | ||
| Gussie Reed | corporate director | 2018-07 | ||
| James Steck | corporate director | 2017-06 | ||
| Jennifer Cunningham | corporate director | 2022-07 | ||
| Jonathan Locke | corporate director | 2015-01 | ||
| Kathryn Keim | other | 2019-10 | ||
| Lindsay Wise | corporate director | 2022-01 | ||
| Marcena Urish | w-2 managing employee | 1998-08 | ||
| Mary Depaz | corporate director | 2019-01 | ||
| Natalie Beck | corporate director | 2022-01 | ||
| Nicholas Waddock | corporate director | 2018-07 | ||
| Nicole Bateman | corporate director | 2022-01 | ||
| Tamar Kutz | corporate officer | 2023-07 | ||
| Tanya Andricks | corporate director | 2020-04 |
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 |