Fairfield Memorial Hospital
Fairfield, IL
· CCN 141311
Licensed to Fairfield Memorial Hospital Association
Composite
52.8
rank score
Distress
78
FY2024
Fit
40
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- 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 · FY2024
| Net patient revenue | $45.1M |
| Operating margin | -19.4% |
| Total margin | -10.9% |
| Days cash on hand | 2 |
| Current ratio | 2.60 |
| Occupancy | 23% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $36.2M | $6.7M | -2.3% | 15.3% | 75 | 1.74 | 19% | 502 | 34 |
| 2022 | 25 | $43.5M | $5.2M | 1.4% | 10.8% | 51 | 2.00 | 26% | 668 | 32 |
| 2023 | 25 | $50.8M | $-115K | -2.6% | -0.2% | 0 | -2.30 | 21% | 573 | 79 |
| 2024 | 25 | $45.1M | $-5.3M | -19.4% | -10.9% | 2 | 2.60 | 23% | 551 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Dana Taylor | corporate officer | 100 | 2023-10 | |
| David Flemer | contracted managing employee | 100 | 2025-09 | |
| Deaconess Health System Inc | operational/managerial control | 100 | 2024-04 | chain |
| Fairfield Memorial Hospital Association | operational/managerial control | 100 | 2021-04 | |
| Anita Pond | corporate director | 9 | 2015-01 | |
| Donna Masterson | corporate director | 9 | 2017-01 | |
| Doug Wilson | corporate director | 9 | 2016-01 | |
| James Pollard | corporate director | 9 | 2008-05 | |
| Jared Stimpson | corporate director | 9 | 2026-03 | |
| Josh Scott | corporate director | 9 | 2023-01 | |
| Marc Florence | corporate director | 9 | 2024-04 | |
| Matthew Seng | corporate director | 9 | 2022-01 | |
| Michael Copeland | corporate director | 9 | 2023-01 | |
| Patrick Molt | corporate officer | 9 | 2008-10 | |
| Patrick Molt | corporate director | 9 | 2008-10 | |
| Brianna Trowbridge | corporate director | 2025-11 | ||
| Dana Taylor | w-2 managing employee | 1999-10 | ||
| Mary Knight | w-2 managing employee | 1998-07 | ||
| Michael Copeland | corporate officer | 2022-01 | ||
| Shawn Mccoy | operational/managerial control | 2024-04 | ||
| Shawn Mccoy | other | 2024-04 |
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 |