Franciscan St. James Health
Olympia Fields, Cook County, IL
· CCN 140172
Licensed to Franciscan Health Olympia Fields
Composite
59.5
rank score
Distress
82
FY2023
Fit
56
vs thesis
Estimated ticket
$9.0M–$18.1M
129 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
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $276M |
| Operating margin | -37.9% |
| Total margin | -33.8% |
| Days cash on hand | 0 |
| Current ratio | -1.88 |
| Occupancy | 83% |
Facility
| Beds | 129 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 192 | $258M | $-54.1M | -21.4% | -17.4% | 55 | 1.18 | 73% | 10,623 | 64 |
| 2021 | 164 | $275M | $-66.5M | -27.7% | -23.3% | 0 | 0.72 | 79% | 9,614 | 80 |
| 2022 | 154 | $252M | $-61.7M | -32.1% | -22.8% | 0 | -0.63 | 70% | 7,310 | 80 |
| 2023 | 129 | $276M | $-96.2M | -37.9% | -33.8% | 0 | -1.88 | 83% | 7,607 | 82 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Franciscan Alliance Inc | 5% or greater direct ownership interest | 100 | 2014-04 | |
| Frank Mchugh | corporate officer | 100 | 2023-12 | |
| Frank Mchugh | w-2 managing employee | 100 | 2023-12 | |
| Frank Mchugh | operational/managerial control | 100 | 2023-12 | |
| Raymond Grady | corporate officer | 100 | 2023-07 | |
| Raymond Grady | w-2 managing employee | 100 | 2023-07 | |
| Raymond Grady | operational/managerial control | 100 | 2023-07 | |
| Alan Gillespie | corporate officer | 2023-08 | ||
| Ann Magiera | corporate officer | 2014-01 | ||
| Anna Hoefer | corporate officer | 2023-08 | ||
| Catherine Nielsen | corporate officer | 2023-08 | ||
| Ernest Iannotta | corporate officer | 2014-01 | ||
| Hilton Hudson | corporate officer | 2023-08 | ||
| Kathleen Gettinger | corporate officer | 2023-08 | ||
| Kathleen Goeppinger | corporate officer | 2014-01 | ||
| Kenneth Herlin | corporate officer | 2014-01 | ||
| Kevin Leahy | corporate officer | 2014-01 | ||
| Lethia Leveille | corporate officer | 2014-01 | ||
| Madonna Rougeau | corporate officer | 2014-01 | ||
| Margaret Mitchel | corporate officer | 2023-08 | ||
| Marie Morgan | corporate officer | 2023-08 | ||
| Marilyn Oliver | corporate officer | 2014-01 | ||
| Marlene Shapley | corporate officer | 2014-01 | ||
| Pamela Shultz | corporate officer | 2014-01 |
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 |