Washington County Hospital
Nashville, Washington County, IL
· CCN 141308
Licensed to Washington County Hospital District
Composite
16.6
rank score
Distress
0
FY2024
Fit
42
vs thesis
Estimated ticket
$1.9M–$3.7M
22 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $18.0M |
| Operating margin | 5.6% |
| Total margin | 23.8% |
| Days cash on hand | 178 |
| Current ratio | 7.91 |
| Occupancy | 76% |
Facility
| Beds | 22 |
| 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 | 22 | $12.8M | $2.5M | -10.0% | 15.0% | 154 | 1.52 | 20% | 61 | 31 |
| 2022 | 22 | $15.2M | $3.0M | -2.5% | 16.2% | 90 | 2.96 | 20% | 48 | 34 |
| 2023 | 22 | $16.4M | $2.1M | 2.4% | 11.6% | 116 | 6.72 | 43% | 48 | 10 |
| 2024 | 22 | $18.0M | $5.3M | 5.6% | 23.8% | 178 | 7.91 | 76% | 48 | 0 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brian Monsma | contracted managing employee | 100 | 2018-09 | |
| Brian Monsma | corporate director | 100 | 2018-09 | |
| Jennifer Venable | contracted managing employee | 100 | 2019-06 | |
| Teresa Wisniewski | w-2 managing employee | 2013-05 | ||
| Washington County Hospital District | operational/managerial control | 2013-04 |
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 |