Massac Memorial Hospital
Metropolis, Massac County, IL
· CCN 141323
Licensed to Massac Memorial Hospital
Composite
35.3
rank score
Distress
46
FY2024
Fit
36
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- occupancy below 30%
- margin deteriorating sharply
- 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 · FY2024
| Net patient revenue | $30.6M |
| Operating margin | -11.1% |
| Total margin | 0.7% |
| Days cash on hand | 277 |
| Current ratio | 7.68 |
| Occupancy | 17% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $23.6M | $4.1M | -13.0% | 13.4% | 366 | 6.37 | 17% | 312 | 37 |
| 2022 | 25 | $25.2M | $1.2M | -9.8% | 4.2% | 408 | 2.64 | 22% | 440 | 31 |
| 2023 | 25 | $27.3M | $1.4M | -7.7% | 4.7% | 348 | 3.39 | 20% | 392 | 31 |
| 2024 | 25 | $30.6M | $224K | -11.1% | 0.7% | 277 | 7.68 | 17% | 235 | 46 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Massac Memorial Hospital | 5% or greater direct ownership interest | 100 | 2007-10 | |
| Amanda Hannan | corporate director | 2024-01 | ||
| Bharat Patel | corporate director | 2024-01 | ||
| Cheryl Vanderford | corporate director | 2024-01 | ||
| Donald Robbins | corporate officer | 2023-06 | ||
| Donald Robbins | corporate director | 2023-06 | ||
| Donald Robbins | w-2 managing employee | 2023-06 | ||
| Hailey Miles | corporate director | 2024-01 | ||
| Jonathan Walters | w-2 managing employee | 2024-01 | ||
| Keith Jennings | corporate director | 2024-01 | ||
| Larry Sommer | corporate director | 2024-01 | ||
| Lynn Goines | corporate officer | 2018-04 | ||
| Lynn Goines | corporate director | 2018-04 | ||
| Lynn Goines | w-2 managing employee | 2018-04 | ||
| Massac Memorial Hospital | operational/managerial control | 2007-10 | ||
| Maxine Russell | corporate director | 2024-01 | ||
| Patrick Howell | corporate director | 2024-01 | ||
| Ricky Griffey | corporate director | 2024-01 |
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 |