Pinckneyville Community Hospital
Pinckneyville, Perry County, IL
· CCN 141307
Licensed to Pinckneyville Community Hospital
Composite
24.6
rank score
Distress
25
FY2024
Fit
34
vs thesis
Estimated ticket
$1.7M–$3.4M
20 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- occupancy 30-45%
- margin deteriorating
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $41.7M |
| Operating margin | -2.2% |
| Total margin | 7.6% |
| Days cash on hand | 235 |
| Current ratio | 8.01 |
| Occupancy | 39% |
Facility
| Beds | 20 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| 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 | 17 | $31.2M | $4.0M | -0.8% | 11.4% | 296 | 2.28 | 47% | 248 | 18 |
| 2022 | 17 | $34.3M | $8.6M | -1.8% | 19.7% | 272 | 3.77 | 53% | 275 | 18 |
| 2023 | 20 | $38.9M | $1.2M | -3.4% | 3.0% | 240 | 7.95 | 42% | 275 | 21 |
| 2024 | 20 | $41.7M | $3.5M | -2.2% | 7.6% | 235 | 8.01 | 39% | 190 | 25 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Pinckneyville Community Hospital | 5% or greater direct ownership interest | 100 | 1966-01 | |
| Kara Carson | w-2 managing employee | 2008-03 | ||
| Randall Dauby | corporate officer | 2015-07 |
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 |