Sarah D Culbertson
dba Sarah D. Culbertson Memorial Hospital ·
Rushville, Schuyler County, IL
· CCN 141333
Licensed to Schuyler County Hospital District
Composite
19.9
rank score
Distress
18
FY2024
Fit
30
vs thesis
Estimated ticket
$1.9M–$3.7M
22 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- 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 | $26.9M |
| Operating margin | 5.9% |
| Total margin | 14.8% |
| Days cash on hand | 303 |
| Current ratio | 10.78 |
| Occupancy | 6% |
Facility
| Beds | 22 |
| 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 | 22 | $22.6M | $8.7M | 5.1% | 28.9% | 381 | 4.93 | 7% | 169 | 9 |
| 2022 | 22 | $22.6M | $8.2M | 3.0% | 27.3% | 373 | 4.93 | 7% | 234 | 9 |
| 2023 | 22 | $26.0M | $1.2M | -3.3% | 4.2% | 283 | 10.40 | 6% | 234 | 24 |
| 2024 | 22 | $26.9M | $4.4M | 5.9% | 14.8% | 303 | 10.78 | 6% | 181 | 18 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Schuyler County Hospital District | 5% or greater direct ownership interest | 100 | 2004-05 | |
| Gregg Snyder | corporate officer | 2021-10 | ||
| Gregg Snyder | w-2 managing employee | 2021-10 | ||
| Tamra Gadberry | corporate officer | 2017-07 | ||
| Tamra Gadberry | w-2 managing employee | 2017-07 |
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 |