dealflow
envelope $200M

← Targets

Community First Medical Center

Chicago, Cook County, IL · CCN 140251
Licensed to Community First Healthcare Of Illinois Inc

Composite
67.1
rank score
Distress
89
FY2023
Fit
68
vs thesis
Estimated ticket
$74.5M–$298M
213 beds · within envelope
Ownership
for-profit
STH

Why it ranks here

  • operating margin below -10%
  • total margin -8% to -3%
  • under 30 days cash on hand
  • current liabilities exceed current assets
  • debt above 85% of assets
  • occupancy below 30%
  • margin deteriorating sharply
  • urban — higher occupancy and iteration surface
  • bed count in the target band
  • ticket size uses the capital envelope well
  • very low occupancy — limited volume to learn from
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$92.6M
Operating margin -12.7%
Total margin -7.6%
Days cash on hand 2
Current ratio 0.95
Occupancy24%

Facility

Beds213
Facility typeSTH
Settingurban
Ownership classfor-profit
Per-bed (low) $350K
Per-bed (high) $1.4M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 213 $74.5M $-2.6M -42.2% -2.5% 55 1.13 35% 4,078 69
2021 213 $82.5M $-791K -27.1% -0.8% 28 1.19 32% 3,727 74
2022 213 $87.8M $-7.2M -20.8% -7.2% 0 0.78 31% 3,504 89
2023 213 $92.6M $-7.4M -12.7% -7.6% 2 0.95 24% 3,156 89

Owners

OwnerRole%SinceType
Faisal Master corporate officer 100 2021-09
Faisal Master w-2 managing employee 100 2021-09
Edward Green 5% or greater direct ownership interest 50 2014-06
Edward Green corporate director 50 2014-06
Rick Muckelrath 5% or greater direct ownership interest 50 2014-06
Rick Muckelrath corporate director 50 2014-06
Dina Lipowich corporate officer 2021-07

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