Morrison Community Hospital
Morrison, Whiteside County, IL
· CCN 141329
Licensed to Morrison Community Hospital District
Composite
18.2
rank score
Distress
8
FY2024
Fit
36
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- occupancy below 30%
- 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 | $56.4M |
| Operating margin | 20.5% |
| Total margin | 23.9% |
| Days cash on hand | 216 |
| Current ratio | 7.15 |
| Occupancy | 20% |
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 | $29.6M | $5.4M | 9.5% | 16.6% | 133 | 2.43 | 24% | 7 | 13 |
| 2022 | 25 | $37.9M | $12.4M | 17.2% | 28.0% | 158 | 6.31 | 20% | 13 | 9 |
| 2023 | 25 | $53.2M | $13.1M | 22.2% | 23.7% | 220 | 7.26 | 19% | 81 | 9 |
| 2024 | 25 | $56.4M | $14.1M | 20.5% | 23.9% | 216 | 7.15 | 20% | 67 | 8 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Morrison Community Hospital District | 5% or greater direct ownership interest | 100 | 1966-01 | |
| Amanda Cook | operational/managerial control | 2022-06 | ||
| Barb Kophamer | operational/managerial control | 2013-09 | ||
| Betty Steinert | operational/managerial control | 2013-09 | ||
| Cami Megli | w-2 managing employee | 2009-01 | ||
| Don Beswick | operational/managerial control | 2013-09 | ||
| Gary Giibbs | operational/managerial control | 2013-09 | ||
| Jennifer Black | operational/managerial control | 2013-09 | ||
| Mark Schuler | operational/managerial control | 2013-09 | ||
| Pamela Pfister | corporate officer | 2013-11 | ||
| Pamela Pfister | w-2 managing employee | 2013-11 | ||
| Pamela Pfister | operational/managerial control | 2013-11 | ||
| Paul Besick | operational/managerial control | 2013-09 |
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 |