Hopedale Medical Complex
Hopedale, Tazewell County, IL
· CCN 141330
Licensed to Hopedale Medical Foundation
Composite
19.4
rank score
Distress
8
FY2024
Fit
40
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
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
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $43.4M |
| Operating margin | 10.5% |
| Total margin | 17.3% |
| Days cash on hand | 416 |
| Current ratio | 5.67 |
| Occupancy | 17% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $33.7M | $5.1M | 5.5% | 13.6% | 307 | 3.65 | 15% | 231 | 9 |
| 2022 | 25 | $36.3M | $4.0M | 6.2% | 10.2% | 300 | 5.23 | 16% | 189 | 9 |
| 2023 | 25 | $42.4M | $10.5M | 13.1% | 21.5% | 360 | 6.12 | 12% | 152 | 9 |
| 2024 | 25 | $43.4M | $8.5M | 10.5% | 17.3% | 416 | 5.67 | 17% | 200 | 8 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alfred Rossi | corporate officer | 2001-01 | ||
| Christopher Campbell | corporate officer | 1992-06 | ||
| Donald Oswald | corporate officer | 2011-01 | ||
| Emily Whitson | contracted managing employee | 2020-01 | ||
| Emily Whitson | corporate officer | 2020-01 | ||
| Emily Whitson | corporate director | 2020-01 | ||
| Emily Whitson | w-2 managing employee | 2020-01 | ||
| Emily Whitson | operational/managerial control | 2020-01 | ||
| Joan Harrison | corporate officer | 2023-01 | ||
| Matthew Rossi | corporate officer | 1992-06 | ||
| Nicholas Rossi | corporate officer | 2023-01 | ||
| Roland Rich | corporate officer | 1997-05 | ||
| Thomas Hieser | corporate officer | 1995-06 |
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 |