Hammond-Henry Hospital
dba Ovation Healthcare ·
Geneseo, Henry County, IL
· CCN 141319
Licensed to Hammond Henry Dist Hospital
Composite
19.5
rank score
Distress
17
FY2024
Fit
30
vs thesis
Estimated ticket
$2.0M–$3.9M
23 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin under 2%
- occupancy below 30%
- margin slipping
- 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
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $56.5M |
| Operating margin | 1.0% |
| Total margin | 8.2% |
| Days cash on hand | 452 |
| Current ratio | 10.27 |
| Occupancy | 22% |
Facility
| Beds | 23 |
| 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 | 25 | $57.4M | $6.0M | 3.6% | 9.7% | 379 | 6.85 | 28% | 566 | 9 |
| 2022 | 25 | $57.3M | $12.4M | 4.2% | 18.2% | 420 | 5.84 | 27% | 539 | 9 |
| 2023 | 23 | $54.5M | $8.1M | 2.8% | 13.0% | 463 | 7.24 | 21% | 335 | 9 |
| 2024 | 23 | $56.5M | $5.1M | 1.0% | 8.2% | 452 | 10.27 | 22% | 361 | 17 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Heather Charlet | corporate officer | 60 | 2022-07 | |
| Jodie Criswell | corporate officer | 60 | 2011-05 | |
| Jodie Criswell | w-2 managing employee | 60 | 2011-06 | |
| Wyatt Brieser | corporate officer | 60 | 2025-08 | |
| Douglas Ford | corporate officer | 2023-06 | ||
| Julie Atwell | corporate officer | 2008-01 | ||
| Kimberly Gehling | corporate officer | 2019-06 | ||
| Nancy Lang | corporate officer | 2023-06 | ||
| Ovation Health | general partnership interest | 2024-01 | ||
| Wyatt Brieser | w-2 managing employee | 2025-08 |
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 |