Alexian Brothers Medical Center
Elk Grove Village, Cook County, IL
· CCN 140258
Licensed to Alexian Brothers Medical Center
Composite
56.7
rank score
Distress
69
FY2024
Fit
60
vs thesis
Estimated ticket
$24.0M–$47.9M
282 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current liabilities exceed current assets
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $470M |
| Operating margin | -8.5% |
| Total margin | -6.0% |
| Days cash on hand | 0 |
| Current ratio | 1.00 |
| Occupancy | 68% |
Facility
| Beds | 282 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 282 | $490M | $41.0M | 1.7% | 7.8% | 22 | 1.09 | 72% | 14,604 | 32 |
| 2022 | 282 | $488M | $-619K | -3.0% | -0.1% | 0 | 1.04 | 78% | 15,739 | 49 |
| 2023 | 282 | $475M | $-10.3M | -4.7% | -2.1% | 0 | 1.13 | 70% | 14,809 | 49 |
| 2024 | 282 | $470M | $-29.1M | -8.5% | -6.0% | 0 | 1.00 | 68% | 15,633 | 69 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alexian Brothers Health System | operational/managerial control | 2008-01 | chain | |
| Ascension Health | operational/managerial control | 2022-04 | ||
| Eric Zornow | corporate officer | 2025-02 | ||
| Eric Zornow | w-2 managing employee | 2025-02 | ||
| 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 |