Hoopeston Community Memorial Hospita
dba Carle Hoopeston Regional Health Center ·
Hoopseton, Vermilion County, IL
· CCN 141316
Licensed to Hoopeston Community Memorial Hospital
Composite
36.9
rank score
Distress
53
FY2023
Fit
32
vs thesis
Estimated ticket
$1.6M–$3.2M
22 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- total margin under 2%
- under 30 days cash on hand
- current liabilities exceed current assets
- occupancy below 30%
- rural — cheaper but limited density
- very small facility
- 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 | $73.8M |
| Operating margin | -1.8% |
| Total margin | 0.7% |
| Days cash on hand | 0 |
| Current ratio | 0.93 |
| Occupancy | 24% |
Facility
| Beds | 22 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $72.2K |
| Per-bed (high) | $144K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 22 | $69.5M | $-2.0M | -3.7% | -2.8% | 0 | 0.48 | 18% | 305 | 68 |
| 2021 | 22 | $69.5M | $-4.0M | -6.7% | -5.8% | 0 | 0.48 | 27% | 382 | 79 |
| 2022 | 22 | $71.5M | $-1.7M | -5.2% | -2.3% | 0 | 0.77 | 24% | 382 | 74 |
| 2023 | 22 | $73.8M | $534K | -1.8% | 0.7% | 0 | 0.93 | 24% | 365 | 53 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| The Carle Foundation | 5% or greater direct ownership interest | 100 | 2012-11 | |
| Allison Slocum | corporate director | 2020-01 | ||
| Heather Tucker | corporate officer | 2020-08 | ||
| Heather Tucker | corporate director | 2020-08 | ||
| Heather Tucker | w-2 managing employee | 2020-08 | ||
| James Leonard | other | 2012-11 | ||
| Karla Coon | corporate director | 2021-01 | ||
| Larry Baughn | corporate director | 2022-01 | ||
| Laura Williams | corporate director | 2022-01 | ||
| Sally Salmons | corporate director | 2017-01 | ||
| William Nicholls | corporate director | 2019-06 |
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 |