Wabash General Hospital District
Mt. Carmel, Wabash County, IL
· CCN 141327
Licensed to Wabash General Hospital District
Composite
19.6
rank score
Distress
11
FY2023
Fit
36
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- occupancy below 30%
- margin slipping
- 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 | $86.0M |
| Operating margin | 6.5% |
| Total margin | 10.1% |
| Days cash on hand | 160 |
| Current ratio | 2.14 |
| Occupancy | 24% |
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 | $49.5M | $6.6M | -1.4% | 11.7% | 164 | 2.70 | 26% | 645 | 24 |
| 2021 | 25 | $65.3M | $13.5M | 9.4% | 18.9% | 190 | 2.28 | 26% | 623 | 9 |
| 2022 | 25 | $71.8M | $5.1M | 4.5% | 6.9% | 132 | 1.76 | 24% | 493 | 13 |
| 2023 | 25 | $86.0M | $9.1M | 6.5% | 10.1% | 160 | 2.14 | 24% | 480 | 11 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Doug Mcpherson | corporate director | 2015-01 | ||
| Janet Storey | corporate director | 1989-01 | ||
| John Evans | corporate director | 2009-02 | ||
| Karissa Turner | corporate officer | 2019-01 | ||
| Lynn Leek | contracted managing employee | 2019-10 | ||
| Nathan Stevenson | corporate director | 2015-01 | ||
| Robert Coleman | corporate director | 1995-01 | ||
| Tara Gould | w-2 managing employee | 2007-11 | ||
| Toni Brines | corporate director | 2015-01 | ||
| William Easton | corporate director | 2010-10 |
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 |