dealflow
envelope $200M

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Advocate Christ Hospital

dba Advocate Christ Medical Center · Oak Lawn, Cook County, IL · CCN 140208
Licensed to Advocate Health And Hospitals Corporation

Composite
9.6
rank score
Distress
6
FY2023
Fit
54
vs thesis
Estimated ticket
$362M–$1.4B
725 beds · over envelope
Ownership
nonprofit
STH

Why it ranks here

  • current ratio under 1.5
  • margin slipping
  • urban — higher occupancy and iteration surface
  • very large — likely out of range
  • estimated price exceeds the capital envelope
  • strong occupancy — good iteration surface
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$1.5B
Operating margin 8.5%
Total margin 9.6%
Days cash on hand 289
Current ratio 1.11
Occupancy88%

Facility

Beds725
Facility typeSTH
Settingurban
Ownership classnonprofit
Per-bed (low) $500K
Per-bed (high) $2.0M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 711 $1.2B $137M 4.2% 10.4% 355 1.02 84% 38,806 3
2021 711 $1.4B $167M 11.2% 12.0% 266 0.92 94% 38,264 9
2022 711 $1.4B $99.4M 4.7% 7.0% 154 1.03 91% 36,453 3
2023 725 $1.5B $145M 8.5% 9.6% 289 1.11 88% 36,698 6

Owners

OwnerRole%SinceType
Advocate Aurora Health, Inc.
Milwaukee, WI
5% or greater indirect ownership interest 100 2018-04
Advocate Aurora Health, Inc.
Milwaukee, WI
operational/managerial control 100 2018-04
Advocate Health Care Network
Downers Grove, IL
5% or greater indirect ownership interest 100 1997-01
Advocate Health Inc
Charlotte, NC
operational/managerial control 2022-12
Clarence Nixon corporate officer 2025-01
Clarence Nixon corporate director 2005-10
David Anderson corporate director 2008-10
Desiree Millet corporate officer 2026-06
Dia Nichols corporate officer 2024-10
Dia Nichols corporate director 2024-10
Gail Hasbrouck corporate director 2014-09
Harold Slinkman corporate officer 2023-06
Jon Kluge corporate officer 2025-11
Kara Richardson corporate officer 2024-10
Kathie Bender Schwich corporate director 2023-06
Lindsay Durgin corporate officer 2025-07
Mark Harris corporate director 2005-10
Mark Miller w-2 managing employee 2024-10
Nathaniel Edmond corporate officer 2025-01
Nathaniel Edmond corporate director 2013-06
Rachel Halverson corporate officer 2023-06
Rachelle Hart corporate officer 2018-11
Suzanna Fox corporate officer 2025-11
Tori Munnik corporate officer 2026-06

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.

DateBuyerSellerHospitalBeds
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