Genesis Medical Center - Aledo
dba Mercyone Genesis ·
Aledo, Mercer County, IL
· CCN 141304
Licensed to Genesis Medical Center, Aledo
Composite
33.8
rank score
Distress
42
FY2024
Fit
32
vs thesis
Estimated ticket
$1.9M–$3.7M
22 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- current liabilities exceed current assets
- occupancy below 30%
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- 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 | $18.6M |
| Operating margin | 0.5% |
| Total margin | 7.1% |
| Days cash on hand | 4 |
| Current ratio | 0.94 |
| Occupancy | 11% |
Facility
| Beds | 22 |
| Facility type | CAH |
| Setting | rural |
| 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 | 22 | $16.6M | $343K | -8.9% | 1.9% | 2 | 0.71 | 11% | 70 | 74 |
| 2022 | 22 | $17.1M | $2.2M | -6.6% | 10.7% | 12 | 0.64 | 9% | 49 | 67 |
| 2023 | 22 | $18.9M | $2.1M | -1.9% | 9.6% | 8 | 0.87 | 12% | 92 | 60 |
| 2024 | 22 | $18.6M | $1.4M | 0.5% | 7.1% | 4 | 0.94 | 11% | 104 | 42 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Genesis Health System | 5% or greater direct ownership interest | 100 | 2013-02 | |
| Mercy Health Network Inc | 5% or greater indirect ownership interest | 100 | 2023-03 | |
| Trinity Health Corporation | 5% or greater indirect ownership interest | 100 | 2023-03 | chain |
| Charles Waterman | corporate officer | 2006-04 | ||
| Charles Waterman | corporate director | 2006-04 | ||
| Christopher Crome | corporate director | 2021-11 | ||
| Christopher Crome | w-2 managing employee | 2021-11 | ||
| Dale Zude | corporate director | 2001-09 | ||
| David Larson | corporate director | 2014-03 | ||
| Edmund Coyne | corporate director | 2008-12 | ||
| Edwin Motto | corporate director | 1996-07 | ||
| Gregory Bush | corporate officer | 2003-07 | ||
| Gregory Bush | corporate director | 2003-07 | ||
| Jordan Voigt | corporate officer | 2024-01 | ||
| Jordan Voigt | corporate director | 2024-01 | ||
| Joseph Malas | corporate officer | 2020-07 | ||
| Joseph Malas | w-2 managing employee | 2020-07 | ||
| Karen Fitzsimmons | corporate director | 2020-11 | ||
| Lashonda Polite | corporate director | 2020-11 | ||
| Lyn Ketelsen | corporate director | 2024-01 | ||
| Mark Kilmer | corporate director | 2003-09 | ||
| Melissa Pepper | corporate officer | 2019-11 | ||
| Melissa Pepper | corporate director | 2019-11 | ||
| Pamela Scott | w-2 managing employee | 2006-01 | ||
| Patricia Groves | corporate director | 2015-10 |
Showing 25 of 29. Full list via /api/targets/141304.
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 |