Heartland Regional Medical Center
dba Deaconess Illinois Medical Center ·
Marion, Williamson County, IL
· CCN 140184
Licensed to Deaconess Regional Healthcare Services Illinois Inc
Already transacted. CMS recorded an ownership change effective
2023-01-14. Confirm the current owner before spending a call on this.
Composite
15.7
rank score
Distress
40
FY2023
Fit
68
vs thesis
Estimated ticket
$47.0M–$188M
94 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- occupancy below 30%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
- changed ownership 2023-01-14 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $67.8M |
| Operating margin | 134.6% |
| Total margin | 134.4% |
| Days cash on hand | 0 |
| Current ratio | -0.16 |
| Occupancy | 18% |
Facility
| Beds | 94 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 94 | $87.5M | $31.0M | 14.7% | 29.3% | 0 | 0.29 | 20% | 1,892 | 44 |
| 2022 | 94 | $96.1M | $17.7M | 16.4% | 18.1% | 0 | 0.42 | 20% | 1,865 | 44 |
| 2023 | 94 | $67.8M | $91.7M | 134.6% | 134.4% | 0 | -0.16 | 18% | 1,206 | 40 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Anthony Wielt | corporate officer | 100 | 2023-08 | |
| Clifford Morris | corporate officer | 100 | 2023-08 | |
| Deaconess Health System Inc | other | 100 | 2023-01 | |
| Harold Clarida | corporate officer | 100 | 2023-08 | |
| Shawn Mccoy | other | 100 | 2023-01 | |
| Stephen Titzer | corporate officer | 100 | 2023-08 | |
| William Davis | corporate officer | 100 | 2023-12 | |
| Anthony Wielt | corporate director | 20 | 2023-08 | |
| Clifford Morris | corporate director | 20 | 2022-12 | |
| Harold Clarida | corporate director | 20 | 2022-12 | |
| Jason Hinkle | corporate director | 20 | 2025-11 | |
| Jeffrey Justice | corporate director | 20 | 2022-12 | |
| Marc Florence | corporate director | 20 | 2022-10 | |
| Stephen Titzer | corporate director | 20 | 2022-12 | |
| Jason Hinkle | w-2 managing employee | 2025-11 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2023-01-14 | change of ownership | Deaconess Regional Healthcare... | Marion Hospital Corporation |
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 |