St. Alexius Medical Center
dba St Alexius Medical Center ·
Hoffman Estates, Cook County, IL
· CCN 140290
Licensed to St Alexius Medical Center
Composite
56.7
rank score
Distress
73
FY2024
Fit
60
vs thesis
Estimated ticket
$21.9M–$43.8M
313 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 under 1.5
- margin deteriorating sharply
- 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 | $369M |
| Operating margin | -13.5% |
| Total margin | -10.8% |
| Days cash on hand | 0 |
| Current ratio | 1.19 |
| Occupancy | 61% |
Facility
| Beds | 313 |
| 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 | 318 | $352M | $30.1M | 3.6% | 8.2% | 19 | 1.08 | 60% | 14,512 | 26 |
| 2022 | 318 | $346M | $5.3M | -3.1% | 1.5% | 0 | 1.12 | 65% | 17,340 | 44 |
| 2023 | 313 | $375M | $-3.0M | -3.2% | -0.8% | 0 | 0.99 | 64% | 16,949 | 54 |
| 2024 | 313 | $369M | $-40.6M | -13.5% | -10.8% | 0 | 1.19 | 61% | 18,044 | 73 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alexian Brothers Health System | operational/managerial control | 100 | 2008-01 | |
| Ascension Health | operational/managerial control | 2022-04 | ||
| 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 |