Kirby Hospital
dba Kirby Medical Center ·
Monticello, Piatt County, IL
· CCN 141301
Licensed to Kirby Medical Center
Composite
26.5
rank score
Distress
21
FY2024
Fit
42
vs thesis
Estimated ticket
$1.4M–$2.7M
16 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin under 2%
- 90-150 days cash on hand
- occupancy 30-45%
- margin deteriorating
- urban — higher occupancy and iteration surface
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $68.8M |
| Operating margin | 1.5% |
| Total margin | 17.3% |
| Days cash on hand | 110 |
| Current ratio | 3.09 |
| Occupancy | 32% |
Facility
| Beds | 16 |
| Facility type | CAH |
| Setting | urban |
| 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 | 16 | $46.9M | $12.8M | -2.0% | 21.1% | 108 | 2.46 | 33% | 65 | 26 |
| 2022 | 16 | $52.9M | $815K | 1.3% | 1.5% | 91 | 2.40 | 32% | 132 | 20 |
| 2023 | 16 | $60.9M | $10.6M | 2.0% | 15.1% | 72 | 2.31 | 31% | 174 | 22 |
| 2024 | 16 | $68.8M | $14.2M | 1.5% | 17.3% | 110 | 3.09 | 32% | 122 | 21 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Charles Wilkin | corporate director | 2023-09 | ||
| David Brown | corporate director | 2021-02 | ||
| David Remmert | corporate director | 2021-11 | ||
| Gary Huisinga | corporate director | 1994-01 | ||
| Jennifer Moss | corporate director | 2026-04 | ||
| Jennifer Moss | operational/managerial control | 2026-04 | ||
| Kandace Heistand | w-2 managing employee | 2025-04 | ||
| Karla Bradley | corporate director | 2014-01 | ||
| Kimberly Alvis | corporate officer | 2018-07 | ||
| Kimberly Alvis | w-2 managing employee | 2018-07 | ||
| Kirby Medical Center | other | 1992-09 | ||
| Luke Feeney | corporate director | 2020-09 | ||
| Michael Atwood | corporate director | 2017-11 | ||
| Michelle Gross | corporate director | 2017-11 | ||
| Shannon Williams | corporate director | 2013-09 | ||
| Stacy Poundstone | corporate director | 1987-06 | ||
| Thomas Scaggs | corporate director | 2023-11 |
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 |