Presence Saint Joseph Hosp-Chicago
dba Presence Saint Joseph Hospital - Chicago ·
Chicago, Cook County, IL
· CCN 140224
Licensed to Presence Chicago Hospitals Network
Composite
62.7
rank score
Distress
84
FY2024
Fit
58
vs thesis
Estimated ticket
$16.2M–$32.3M
231 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
- occupancy 45-60%
- 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
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $188M |
| Operating margin | -31.8% |
| Total margin | -20.7% |
| Days cash on hand | 0 |
| Current ratio | 0.79 |
| Occupancy | 49% |
Facility
| Beds | 231 |
| 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 | 257 | $184M | $-8.5M | -19.6% | -4.0% | 0 | 0.56 | 47% | 8,781 | 78 |
| 2022 | 278 | $192M | $-25.4M | -18.4% | -12.5% | 0 | 0.61 | 44% | 9,341 | 86 |
| 2023 | 237 | $203M | $-62.8M | -18.9% | -29.0% | 0 | 0.63 | 50% | 8,568 | 87 |
| 2024 | 231 | $188M | $-42.5M | -31.8% | -20.7% | 0 | 0.79 | 49% | 8,415 | 84 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alexian Brothers Health System | 5% or greater indirect ownership interest | 100 | 2018-03 | |
| Presence Care Transformation Corporation | 5% or greater direct ownership interest | 100 | 2016-01 | chain |
| Ascension Health | operational/managerial control | 2022-04 | ||
| Jonathan Rosenthal | corporate officer | 2025-07 | ||
| Jonathan Rosenthal | w-2 managing employee | 2025-07 | ||
| Legary Vaselopulos | corporate director | 2018-12 | ||
| Legary Vaselopulos | w-2 managing employee | 2018-12 | ||
| Polly Davenport | corporate officer | 2022-04 |
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 |