dealflow
envelope $200M

← Targets

Kishwaukee Community Hospital

dba Northwestern Medicine Kishwaukee Hospital · Dekalb, Dekalb County, IL · CCN 140286
Licensed to Kishwaukee Community Hospital

Composite
30.6
rank score
Distress
0
FY2024
Fit
76
vs thesis
Estimated ticket
$49.0M–$196M
98 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • urban — higher occupancy and iteration surface
  • bed count in the target band
  • ticket size uses the capital envelope well
  • strong occupancy — good iteration surface
  • nonprofit — expect AG conversion review

Latest financials · FY2024

Net patient revenue$389M
Operating margin 28.9%
Total margin 29.3%
Days cash on hand 363
Current ratio 13.06
Occupancy76%

Facility

Beds98
Facility typeSTH
Settingurban
Ownership classnonprofit
Per-bed (low) $500K
Per-bed (high) $2.0M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 98 $293M $72.4M 22.2% 23.8% 8 1.50 64% 5,257 22
2022 98 $315M $78.1M 21.3% 24.0% 0 1.86 70% 6,542 22
2023 98 $355M $99.5M 25.5% 27.3% 209 3.90 71% 5,648 0
2024 98 $389M $116M 28.9% 29.3% 363 13.06 76% 6,420 0

Owners

OwnerRole%SinceType
Kishhealth System
Dekalb, IL
5% or greater direct ownership interest 100 1970-02
Northwestern Memorial Healthcare
Chicago, IL
5% or greater indirect ownership interest 100 2015-12
Aaron Epstein corporate director 2024-09
Anthony Kesman corporate director 2022-09
Bahram Ghaderi corporate director 2025-09
Beatrice Correa Rivera corporate director 2025-06
Carol Bernick corporate director 2022-09
Charles Ruth corporate director 2022-09
Dean Harrison corporate director 2015-12
Deborah Saran corporate director 2022-09
Forrest Whittaker corporate director 2022-09
Howard Chrisman corporate director 2023-01
Ikechukwu Chineme corporate director 2025-09
James Thorpe corporate director 2022-09
James Zallie corporate director 2022-09
John Guido corporate director 2024-01
Jose Carlos Gonzalez-Mendez corporate director 2018-09
Joseph Crane corporate director 2022-09
Kermit Crawford corporate director 2022-09
Kevin Poorten corporate director 2022-03
Maura O'toole corporate officer 2021-12
Maura O'toole corporate director 2021-12
Maura O'toole w-2 managing employee 2021-12
Michael Leonard corporate director 2022-09
Michael Mullen corporate director 2022-09

Showing 25 of 31. Full list via /api/targets/140286.

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