Lincoln Memorial Hospital
Lincoln, Logan County, IL
· CCN 141322
Licensed to Abraham Lincoln Memorial Hospital
Composite
31.0
rank score
Distress
23
FY2023
Fit
52
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
- margin slipping
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $64.4M |
| Operating margin | 17.4% |
| Total margin | 32.6% |
| Days cash on hand | 5 |
| Current ratio | 1.76 |
| Occupancy | 61% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| 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 | $50.9M | $20.9M | 15.8% | 32.7% | 181 | 4.25 | 52% | 763 | 2 |
| 2021 | 25 | $61.1M | $37.0M | 24.2% | 44.4% | 28 | -2.43 | 60% | 926 | 36 |
| 2022 | 25 | $61.5M | $-18.5M | 14.8% | -25.3% | 17 | 0.52 | 66% | 600 | 52 |
| 2023 | 25 | $64.4M | $26.3M | 17.4% | 32.6% | 5 | 1.76 | 61% | 536 | 23 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Memorial Health System | 5% or greater direct ownership interest | 100 | 1994-10 | |
| Amir Wahab | corporate director | 2020-01 | ||
| Andrea Runge | corporate director | 2023-01 | ||
| Andrew Hayes | corporate director | 2017-02 | ||
| Bruce Carmitchel | corporate director | 2017-02 | ||
| Christine Short | corporate director | 2019-02 | ||
| Christopher Graue | corporate director | 2018-02 | ||
| Dolan Dalpoas | corporate officer | 2005-04 | ||
| Dolan Dalpoas | w-2 managing employee | 2010-06 | ||
| Julie Bates | corporate director | 2021-02 | ||
| June Kidd | corporate director | 2017-02 | ||
| Kathryn Keim | corporate officer | 2019-01 | ||
| Kent Froebe | corporate director | 2023-03 | ||
| Lc Sutton | corporate director | 2023-03 | ||
| Lynn Paulus | corporate director | 2023-03 | ||
| Mary Bauer | corporate director | 2019-02 | ||
| Michael Fleshman | corporate director | 2023-03 | ||
| Rikeesha Phelon | corporate director | 2021-02 | ||
| Stephanie Seaman | w-2 managing employee | 2014-02 |
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 |