Methodist Hospital Of Chicago
Chicago, Cook County, IL
· CCN 140197
Licensed to Thorek Memorial Hospital
Composite
40.6
rank score
Distress
33
FY2024
Fit
64
vs thesis
Estimated ticket
$70.5M–$282M
141 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $14.9M |
| Operating margin | -61.2% |
| Total margin | 32.6% |
| Days cash on hand | 188 |
| Current ratio | 2.77 |
| Occupancy | 28% |
Facility
| Beds | 141 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 145 | $12.1M | $2.0M | -76.4% | 8.5% | 118 | 0.36 | 24% | 2,067 | 62 |
| 2021 | 145 | $13.9M | $5.3M | -64.7% | 18.7% | 62 | 0.42 | 25% | 2,617 | 64 |
| 2022 | 145 | $15.2M | $6.2M | -53.9% | 20.8% | 68 | 0.58 | 28% | 2,869 | 60 |
| 2023 | 145 | $17.1M | $18.4M | -39.8% | 43.4% | 136 | 1.47 | 28% | 2,652 | 44 |
| 2024 | 141 | $14.9M | $11.6M | -61.2% | 32.6% | 188 | 2.77 | 28% | 2,652 | 33 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cynthia Barrera | corporate officer | 2019-10 | ||
| Edward Budd | corporate officer | 2019-10 | ||
| Edward Budd | operational/managerial control | 2019-10 | ||
| James Nugent | corporate officer | 2019-10 | ||
| James Nugent | corporate director | 2019-10 | ||
| Peter Kamberos | corporate officer | 2019-10 | ||
| Peter Kamberos | corporate director | 2019-10 | ||
| Phillip Gorelick | corporate director | 2019-10 | ||
| Robert Baudino | corporate director | 2019-10 | ||
| Timothy Heinrich | w-2 managing employee | 2019-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-10-01 | change of ownership | Thorek Memorial Hospital | Bethany Homes And Methodist Hospital |
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 |