Mason District Hospital
Havana, Mason County, IL
· CCN 141313
Licensed to Mason Hospital District
Composite
28.6
rank score
Distress
31
FY2023
Fit
36
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin -10% to -5%
- total margin under 2%
- occupancy below 30%
- 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
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $30.4M |
| Operating margin | -8.2% |
| Total margin | 1.8% |
| Days cash on hand | 198 |
| Current ratio | 3.98 |
| Occupancy | 11% |
Facility
| Beds | 25 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $24.4M | $467K | -13.1% | 1.7% | 243 | 2.80 | 12% | 133 | 40 |
| 2021 | 25 | $28.0M | $7.3M | 0.6% | 20.8% | 215 | 3.32 | 15% | 211 | 16 |
| 2022 | 25 | $30.9M | $4.7M | 7.8% | 14.1% | 226 | 4.94 | 17% | 220 | 9 |
| 2023 | 25 | $30.4M | $589K | -8.2% | 1.8% | 198 | 3.98 | 11% | 155 | 31 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mason Hospital District | 5% or greater direct ownership interest | 100 | 2014-04 | |
| Douglas Kosier | corporate officer | 2000-06 | ||
| Douglas Kosier | w-2 managing employee | 2000-06 | ||
| Douglas Kosier | operational/managerial control | 2000-06 | ||
| Leann Bonnett | corporate director | 2015-09 | ||
| Leann Bonnett | w-2 managing employee | 2015-09 | ||
| Leann Bonnett | operational/managerial control | 2015-09 |
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 |