Springfield Memorial Hospital
Springfield, Sangamon County, IL
· CCN 140148
Licensed to Memorial Medical Center
Composite
36.4
rank score
Distress
29
FY2023
Fit
58
vs thesis
Estimated ticket
$40.7M–$81.4M
407 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin under 2%
- margin deteriorating
- rural — cheaper but limited density
- very large — likely out of range
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $784M |
| Operating margin | -2.0% |
| Total margin | 0.4% |
| Days cash on hand | — |
| Current ratio | 2.74 |
| Occupancy | 75% |
Facility
| Beds | 407 |
| 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 | 392 | $648M | $39.7M | -11.4% | 5.2% | 82 | 2.18 | 71% | 19,657 | 38 |
| 2021 | 393 | $711M | $135M | -2.3% | 15.7% | 76 | 1.64 | 77% | 18,918 | 26 |
| 2022 | 389 | $733M | $-80.8M | -14.5% | -10.7% | 13 | 1.55 | 82% | 19,172 | 67 |
| 2023 | 407 | $784M | $3.6M | -2.0% | 0.4% | — | 2.74 | 75% | 18,966 | 29 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Memorial Health System | 5% or greater direct ownership interest | 100 | 1981-08 | |
| Amy Beadle | corporate director | 2023-01 | ||
| Angela Sowle | corporate director | 2023-01 | ||
| Clint Paul | corporate director | 2023-01 | ||
| David Griffen | corporate director | 2023-01 | ||
| Gregory Marantz | corporate officer | 2025-03 | ||
| Gregory Matthews | corporate director | 2023-01 | ||
| James Reed | corporate director | 2016-01 | ||
| Jameson Roszhart | corporate officer | 2024-07 | ||
| Jameson Roszhart | w-2 managing employee | 2009-06 | ||
| Janet Gooch | corporate director | 2023-01 | ||
| Kathryn Keim | other | 2019-01 | ||
| Kirsten Kienzler | corporate director | 2023-01 | ||
| Lynne Barkmeier | corporate director | 2014-01 | ||
| Mandy Eaton | corporate director | 2025-03 | ||
| Marcena Urish | w-2 managing employee | 1998-08 | ||
| Marcus Johnson | corporate director | 2023-01 | ||
| Murty Renduchintala | corporate director | 2023-01 | ||
| Tara Bennett | corporate director | 2025-03 | ||
| Vidhya Prakash | corporate director | 2023-01 | ||
| Wendi El-Amin | corporate director | 2021-01 |
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 |