dealflow
envelope $200M

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Methodist Medical Ctr Of Illinois

dba Carle Health Methodist Hospital · Peoria, Peoria County, IL · CCN 140209
Licensed to Methodist Medical Center Of Illinois

Composite
51.7
rank score
Distress
57
FY2023
Fit
60
vs thesis
Estimated ticket
$17.3M–$34.5M
203 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • total margin below -8%
  • under 30 days cash on hand
  • current liabilities exceed current assets
  • debt above 70% of assets
  • margin deteriorating sharply
  • part of a multi-hospital chain — divestiture candidate
  • rural — cheaper but limited density
  • bed count in the target band
  • small ticket — deploys little of the available capital
  • strong occupancy — good iteration surface
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$496M
Operating margin 11.6%
Total margin -12.2%
Days cash on hand 0
Current ratio 0.86
Occupancy71%

Facility

Beds203
Facility typeSTH
Settingrural
Ownership classnonprofit
Per-bed (low) $85.0K
Per-bed (high) $170K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 196 $1.5B $1.2B 75.8% 73.7% 8 1.27 73% 11,534 26
2021 228 $388M $23.8M -0.4% 4.9% 5 0.98 67% 11,788 47
2022 203 $382M $-49.4M -7.8% -11.6% 5 0.96 66% 11,118 70
2023 203 $496M $-66.0M 11.6% -12.2% 0 0.86 71% 10,143 57

Owners

OwnerRole%SinceType
Carle Health - West Region
Urbana, IL
5% or greater direct ownership interest 100 2025-01
The Carle Foundation
Peoria, IL
5% or greater indirect ownership interest 100 2023-04 chain
Aaron Kilgore corporate director 2022-01
Aron Klein corporate officer 2025-02
Aron Klein w-2 managing employee 2025-02
Becki Salmon corporate director 2025-01
Brandon Moss corporate director 2025-01
Deborah Simon corporate director 2023-01
Dennis Triggs corporate director 2021-01
Deveraux Hubbard corporate director 2025-01
Dirk Roecker corporate officer 2021-01
James Leonard operational/managerial control 2023-04
James Stevenson corporate director 2021-01
Jeanine Spain corporate director 2025-01
Jeffrey Leman corporate director 2024-01
Keila Sierra-Cintron corporate director 2024-01
Keith Knepp corporate director 2019-01
Keith Knepp w-2 managing employee 2017-01
Keith Knepp operational/managerial control 2019-01
Kevin Barbier corporate director 2021-01
Matthew Kolb corporate director 2023-04
Melissa Yoder corporate director 2022-01
Rich Kriegsman corporate director 2019-01
Terry Waters corporate director 2024-01

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.

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