Elmhurst Memorial Hospital
Elmhurst, Dupage County, IL
· CCN 140200
Licensed to Elmhurst Memorial Hospital
Composite
35.8
rank score
Distress
23
FY2023
Fit
64
vs thesis
Estimated ticket
$129M–$516M
258 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio under 1.5
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size well above the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $617M |
| Operating margin | 23.0% |
| Total margin | 25.5% |
| Days cash on hand | 0 |
| Current ratio | 1.22 |
| Occupancy | 86% |
Facility
| Beds | 258 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 258 | $511M | $51.4M | 3.6% | 9.4% | 0 | 0.61 | 81% | 17,048 | 36 |
| 2022 | 258 | $529M | $61.8M | 6.6% | 11.1% | 0 | 1.34 | 81% | 17,316 | 26 |
| 2023 | 258 | $617M | $163M | 23.0% | 25.5% | 0 | 1.22 | 86% | 18,642 | 23 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Edward-Elmhurst Healthcare | 5% or greater indirect ownership interest | 100 | 2013-07 | |
| Elmhurst Memorial Healthcare | 5% or greater direct ownership interest | 100 | 1995-06 | |
| Endeavor Health | 5% or greater indirect ownership interest | 100 | 2022-01 | |
| Carolyn Cekal | contracted managing employee | 2024-01 | ||
| Greg Arnold | contracted managing employee | 2020-03 | ||
| Harry Siavelis | corporate director | 2024-07 | ||
| Jyoti Shah | corporate director | 2025-01 | ||
| Kimberley Darey | corporate officer | 2023-01 | ||
| Kinley Berger | corporate director | 2025-07 | ||
| Linda Anderson | corporate director | 2025-03 | ||
| Mark Gomez | corporate director | 2022-07 | ||
| Mary Groll | corporate director | 2025-01 | ||
| Michael Hoffman | corporate director | 2017-10 | ||
| Ravi Nemivant | corporate director | 2022-07 | ||
| Richard Reichert | corporate director | 2025-01 | ||
| Sean Chou | corporate director | 2016-08 | ||
| Sean O'grady | corporate director | 2025-01 | ||
| Shaun Walder | contracted managing employee | 2011-04 | ||
| Tom Lee | corporate director | 2022-07 | ||
| Valerie Cahill | corporate director | 2022-07 | ||
| Walter Whang | corporate director | 2022-07 |
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 |