Presence Saint Joseph Hospital Elgin
dba Saint Joseph Hospital - Elgin ·
Elgin, Kane County, IL
· CCN 140217
Licensed to Saint Joseph Hospital - Elgin Llc
Already transacted. CMS recorded an ownership change effective
2025-03-01. Confirm the current owner before spending a call on this.
Composite
21.4
rank score
Distress
71
FY2024
Fit
68
vs thesis
Estimated ticket
$50.4M–$202M
144 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 under 1.5
- occupancy 30-45%
- margin slipping
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- nonprofit — expect AG conversion review
- changed ownership 2025-03-01 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $138M |
| Operating margin | -14.3% |
| Total margin | -11.1% |
| Days cash on hand | 0 |
| Current ratio | 1.06 |
| Occupancy | 41% |
Facility
| Beds | 144 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 144 | $125M | $-12.1M | -14.1% | -9.2% | 0 | 0.51 | 44% | 4,445 | 86 |
| 2022 | 144 | $136M | $-5.5M | -7.3% | -3.9% | 0 | 0.63 | 47% | 4,379 | 72 |
| 2023 | 144 | $130M | $-22.4M | -18.7% | -17.0% | 0 | 0.71 | 44% | 4,270 | 86 |
| 2024 | 144 | $138M | $-15.8M | -14.3% | -11.1% | 0 | 1.06 | 41% | 4,632 | 71 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Prime Healthcare Holdings Inc | 5% or greater indirect ownership interest | 100 | 2024-03 | |
| Prime Healthcare Services, Inc | 5% or greater direct ownership interest | 100 | 2024-03 | chain |
| Christopher Doan | corporate officer | 2024-03 | ||
| Christopher Doan | w-2 managing employee | 2024-03 | ||
| Steven Aleman | corporate officer | 2024-03 | ||
| Steven Aleman | corporate director | 2024-03 | ||
| Steven Aleman | w-2 managing employee | 2024-03 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2025-03-01 | change of ownership | Saint Joseph Hospital - Elgin Llc | Presence Central And Suburban... |
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 |