Thomas H Boyd Critical Acc Hospital
dba Boyd Healthcare Services ·
Carrollton, Greene County, IL
· CCN 141300
Licensed to Thomas H Boyd Memorial Hospital
Composite
52.2
rank score
Distress
81
FY2024
Fit
40
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio under 1.5
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- 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 | $14.3M |
| Operating margin | -20.6% |
| Total margin | -8.8% |
| Days cash on hand | 29 |
| Current ratio | 1.22 |
| Occupancy | 10% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $12.9M | $5.1M | -8.1% | 26.7% | 53 | 1.01 | 14% | 132 | 51 |
| 2022 | 25 | $13.7M | $749K | -6.9% | 4.9% | 45 | 1.18 | 10% | 123 | 51 |
| 2023 | 25 | $14.3M | $600K | -8.1% | 3.7% | 42 | 1.18 | 8% | 101 | 51 |
| 2024 | 25 | $14.3M | $-1.4M | -20.6% | -8.8% | 29 | 1.22 | 10% | 96 | 81 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Diane Wolfley | corporate director | 2004-12 | ||
| Jenny Clough | corporate director | 2022-07 | ||
| Kathryn Garner | corporate officer | 2023-01 | ||
| Kathryn Garner | w-2 managing employee | 2023-01 | ||
| Kathryn Garner | operational/managerial control | 2023-01 | ||
| Kirby Ballard | corporate director | 2017-09 | ||
| Mary Plummer | corporate director | 2018-12 | ||
| Mary Tunison | corporate director | 2002-06 | ||
| Raymond Beavers | corporate director | 2016-02 | ||
| Stacy Holland | corporate officer | 2024-04 | ||
| Stacy Holland | w-2 managing employee | 2024-04 | ||
| Stacy Holland | operational/managerial control | 2024-04 |
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 |
|---|---|---|---|---|
| 2023-01-14 | Deaconess Illinois Union County... | Anna Hospital Corporation | Union County Hospital District | 25 |
| 2023-01-14 | Deaconess Illinois Red Bud... | Red Bud Illinois Hospital Company Llc | Red Bud Regional Hospital | 25 |
| 2022-07-01 | Sarah Bush Lincoln Health Center | Fayette County Hospital District | Fayette County Hospital | 25 |
| 2021-07-01 | Osf Healthcare System | Julia Rackley Perry Memorial Hospital | Osf Saint Clare Medical Center | 25 |
| 2020-07-01 | Carle Eureka Hospital | Advocate Health And Hospitals Corporation | Carle Eureka Hospital | 25 |