Mercy Crystal Lake Hosp And Med Ctr
dba Mercyhealth Hospital And Physician Clinic-Crystal Lake ·
Crystal Lake, Mc Henry County, IL
· CCN 140308
Licensed to Mercy Crystal Lake Hospital And Medical Center Inc
Composite
62.4
rank score
Distress
100
FY2024
Fit
44
vs thesis
Estimated ticket
$4.5M–$18.2M
13 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 below 0.8
- liabilities exceed assets
- occupancy below 30%
- urban — higher occupancy and iteration surface
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $31.3M |
| Operating margin | -11.1% |
| Total margin | -9.8% |
| Days cash on hand | 24 |
| Current ratio | 0.13 |
| Occupancy | 19% |
Facility
| Beds | 13 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 13 | $31.3M | $-3.1M | -11.1% | -9.8% | 24 | 0.13 | 19% | 339 | 100 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mercy Health Corporation | 5% or greater indirect ownership interest | 100 | 2015-01 | |
| Ali Olia | corporate officer | 2021-11 | ||
| Amy Whitaker | corporate officer | 2022-08 | ||
| Bradley Olson | corporate officer | 2023-09 | ||
| Carlos Arevalo | corporate director | 2024-10 | ||
| Dave Syverson | corporate director | 1999-11 | ||
| Edward Cranley | corporate officer | 2014-11 | ||
| Javon Bea | corporate officer | 1982-04 | ||
| Javon Bea | corporate director | 1982-04 | ||
| Jennifer Hallatt | corporate officer | 2012-01 | ||
| Joanna Benning | corporate officer | 2015-03 | ||
| John Dorsey | corporate officer | 2012-08 | ||
| John Dorsey | w-2 managing employee | 2023-07 | ||
| Joseph Malas | corporate officer | 2025-06 | ||
| Joseph Malas | w-2 managing employee | 2025-06 | ||
| Kara Sankey | corporate officer | 2021-04 | ||
| Katherine Schack | corporate director | 2016-01 | ||
| Kathi Palches | w-2 managing employee | 1999-11 | ||
| Kimberly Scaccia | corporate officer | 2020-03 | ||
| Ladd Udy | corporate officer | 2018-11 | ||
| Mark Goelzer | corporate officer | 2016-01 | ||
| Mark Goelzer | corporate director | 2016-01 | ||
| Robert Brinkerhoff | corporate officer | 2024-02 | ||
| Thomas Budd | corporate director | 1999-11 | ||
| Thomas Pool | corporate director | 1999-11 |
Showing 25 of 28. Full list via /api/targets/140308.
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 |