Board Of Trustees Of The University
dba University Of Illinois Hospital And Clinics ·
Chicago, Cook County, IL
· CCN 140150
Licensed to The Board Of Trustees Of The University Of Illinois
Composite
36.6
rank score
Distress
32
FY2024
Fit
56
vs thesis
Estimated ticket
$40.1M–$80.2M
401 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- 90-150 days cash on hand
- margin slipping
- rural — cheaper but limited density
- very large — likely out of range
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $1.2B |
| Operating margin | -15.0% |
| Total margin | 3.7% |
| Days cash on hand | 120 |
| Current ratio | 2.93 |
| Occupancy | 75% |
Facility
| Beds | 401 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 434 | $842M | $74.4M | -56.8% | 5.3% | 110 | 2.29 | 63% | 17,637 | 32 |
| 2022 | 434 | $1.0B | $40.5M | -29.7% | 2.9% | 106 | 3.11 | 68% | 17,422 | 32 |
| 2023 | 395 | $1.1B | $75.8M | -12.3% | 5.5% | 121 | 2.95 | 75% | 16,650 | 32 |
| 2024 | 401 | $1.2B | $56.9M | -15.0% | 3.7% | 120 | 2.93 | 75% | 18,505 | 32 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| The Board Of Trustees Of The University Of Illinois | operational/managerial control | 100 | 1966-07 | |
| Laurence Appel | corporate officer | 2018-07 | ||
| Laurence Appel | w-2 managing employee | 2018-02 | ||
| William Devar | corporate officer | 2018-02 | ||
| William Devar | w-2 managing employee | 2007-09 |
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 |