Carle Eureka Hospital
Eureka, Woodford County, IL
· CCN 141309
Licensed to Carle Eureka Hospital
Composite
38.5
rank score
Distress
41
FY2023
Fit
46
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- current ratio under 1.5
- occupancy below 30%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- 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 · FY2023
| Net patient revenue | $29.5M |
| Operating margin | 4.7% |
| Total margin | 5.9% |
| Days cash on hand | 12 |
| Current ratio | 1.23 |
| Occupancy | 18% |
Facility
| Beds | 25 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $9.7M | $1.2M | 11.4% | 12.2% | 11 | 2.91 | 19% | 76 | 31 |
| 2021 | 25 | $24.8M | $2.0M | 7.1% | 8.0% | 53 | 1.77 | 25% | 147 | 26 |
| 2022 | 25 | $24.8M | $-458K | -6.0% | -1.8% | 13 | 2.24 | 23% | 150 | 61 |
| 2023 | 25 | $29.5M | $1.8M | 4.7% | 5.9% | 12 | 1.23 | 18% | 185 | 41 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Carle Health - Central Region | 5% or greater direct ownership interest | 100 | 2025-01 | |
| The Carle Foundation | 5% or greater indirect ownership interest | 100 | 2025-01 | chain |
| Andrea Kane | corporate director | 2021-01 | ||
| Arlene Hosea | corporate director | 2026-01 | ||
| Brandi Sweeney | corporate director | 2023-09 | ||
| Brandi Sweeney | w-2 managing employee | 2023-09 | ||
| Brandon Bressner | corporate director | 2019-01 | ||
| Charles Dennis | corporate director | 2024-01 | ||
| Delene Bane | corporate director | 2026-01 | ||
| James Leonard | operational/managerial control | 2020-07 | ||
| Jennifer Vance | corporate director | 2023-01 | ||
| John Kell | corporate director | 2025-06 | ||
| Mary Yoder | corporate director | 2018-01 | ||
| Matthew Kolb | corporate director | 2025-01 | ||
| Robert Cavagnol | corporate officer | 2026-02 | ||
| Robert Cavagnol | corporate director | 2026-02 | ||
| Robert Cavagnol | w-2 managing employee | 2026-02 | ||
| Ronald Greene | corporate director | 2015-01 | ||
| Stephen Pitcher | corporate director | 2026-01 | ||
| Steven Delis | corporate director | 2024-09 | ||
| Sue Strayer | corporate director | 2018-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-07-01 | change of ownership | Carle Eureka Hospital | Advocate Health And Hospitals... |
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 |