Swedishamerican Hospital
dba Uw Health ·
Rockford, Winnebago County, IL
· CCN 140228
Licensed to Swedishamerican Hospital
Composite
31.6
rank score
Distress
12
FY2024
Fit
66
vs thesis
Estimated ticket
$32.3M–$64.6M
323 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 60-90 days cash on hand
- margin slipping
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $817M |
| Operating margin | 2.3% |
| Total margin | 9.1% |
| Days cash on hand | 73 |
| Current ratio | 2.09 |
| Occupancy | 67% |
Facility
| Beds | 323 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 284 | $633M | $75.6M | -3.1% | 10.0% | 112 | 1.50 | 70% | 14,472 | 20 |
| 2022 | 320 | $711M | $-27.2M | -2.1% | -3.8% | 71 | 1.67 | 79% | 16,985 | 38 |
| 2023 | 324 | $752M | $39.7M | -2.8% | 4.8% | 68 | 1.69 | 71% | 15,604 | 26 |
| 2024 | 323 | $817M | $82.3M | 2.3% | 9.1% | 73 | 2.09 | 67% | 15,784 | 12 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Regional Division Inc | 5% or greater indirect ownership interest | 100 | 2015-04 | |
| Swedish American Health System Corporation | 5% or greater direct ownership interest | 100 | 1966-06 | |
| Allen Williams | corporate director | 2010-01 | ||
| Anqunette Parham | corporate director | 2018-10 | ||
| Carey Gehl | corporate director | 2023-09 | ||
| Dan Ross | corporate director | 2011-06 | ||
| Jeffrey Hultman | corporate director | 2017-01 | ||
| Jeffrey Kaney | corporate director | 2013-05 | ||
| Justin Franklin | corporate director | 2024-07 | ||
| K Copeland | corporate director | 2024-07 | ||
| Kathleen Kelly | corporate director | 2017-01 | ||
| Marco Lenis | corporate director | 2010-01 | ||
| Michael Broski | corporate director | 2015-09 | ||
| Pamela Maher | corporate director | 2023-09 | ||
| Patricia Dewane | corporate officer | 2015-01 | ||
| Patricia Dewane | corporate director | 2015-01 | ||
| Patricia Dewane | w-2 managing employee | 2015-01 | ||
| Peter Newcomer | corporate director | 2020-07 | ||
| Thomas Walsh | corporate director | 2010-01 | ||
| Travis Andersen | corporate officer | 2021-10 | ||
| Travis Andersen | corporate director | 2021-10 | ||
| Travis Andersen | w-2 managing employee | 2021-10 |
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 |