Harrisburg Medical Center Inc.
dba Harrisburg Medical Center Inc ·
Harrisburg, Saline County, IL
· CCN 140210
Licensed to Harrisburg Medical Center Inc
Composite
62.8
rank score
Distress
100
FY2024
Fit
44
vs thesis
Estimated ticket
$2.8M–$5.6M
40 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $47.6M |
| Operating margin | -26.9% |
| Total margin | -24.4% |
| Days cash on hand | 2 |
| Current ratio | 0.55 |
| Occupancy | 11% |
Facility
| Beds | 40 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 38 | $48.6M | $6.8M | -15.6% | 10.8% | 109 | 2.57 | 16% | 722 | 41 |
| 2022 | 38 | $32.9M | $15.8M | -40.6% | 25.3% | 64 | 1.82 | 20% | 582 | 47 |
| 2023 | 40 | $49.3M | $-6.3M | -13.8% | -12.6% | 32 | 1.52 | 13% | 636 | 74 |
| 2024 | 40 | $47.6M | $-11.9M | -26.9% | -24.4% | 2 | 0.55 | 11% | 590 | 100 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Harrisburg Medical Center Inc | operational/managerial control | 100 | 1974-10 | |
| Southern Illinois Healthcare Enterprises Inc | 5% or greater indirect ownership interest | 100 | 2021-08 | |
| Southern Illinois Hospital Services | 5% or greater direct ownership interest | 100 | 2021-08 | |
| Angela Rowe | corporate director | 2019-02 | ||
| David Businaro | corporate director | 2018-02 | ||
| Gina Sirach | corporate director | 2021-01 | ||
| Jacqueline Scott | corporate director | 2022-03 | ||
| John Antes | corporate officer | 2022-12 | ||
| John Antes | w-2 managing employee | 2022-12 | ||
| John Millstead | corporate director | 2021-08 | ||
| Krystina Eubanks | corporate director | 2025-06 | ||
| Matthew Winkleman | corporate director | 2022-03 | ||
| Shannon Hartke | w-2 managing employee | 2023-04 | ||
| Warren Ladner | corporate officer | 2022-02 | ||
| Warren Ladner | w-2 managing employee | 2022-02 |
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 |