Saint Joseph Memorial Hospital
dba St. Joseph Memorial Hospital ·
Murphysboro, Jackson County, IL
· CCN 141334
Licensed to Southern Illinois Hospital Services
Composite
29.3
rank score
Distress
22
FY2024
Fit
48
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- occupancy 45-60%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $87.7M |
| Operating margin | 36.3% |
| Total margin | 8.1% |
| Days cash on hand | 5 |
| Current ratio | 1.93 |
| Occupancy | 50% |
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 | $73.5M | $-4.8M | 35.9% | -6.1% | 43 | 1.31 | 48% | 320 | 39 |
| 2022 | 25 | $83.0M | $7.6M | 35.2% | 8.9% | 29 | 2.16 | 40% | 307 | 28 |
| 2023 | 25 | $86.0M | $-6.6M | 33.9% | -7.5% | 0 | 1.23 | 45% | 233 | 43 |
| 2024 | 25 | $87.7M | $7.2M | 36.3% | 8.1% | 5 | 1.93 | 50% | 302 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Southern Illinois Healthcare Enterprises Inc | 5% or greater direct ownership interest | 100 | 1995-01 | |
| Southern Illinois Hospital Services | operational/managerial control | 100 | 2007-11 | |
| Austin Lane | corporate director | 2021-05 | ||
| Daniel Booth | corporate director | 2020-03 | ||
| Debra Braunling-Mcmorrow | corporate director | 2011-09 | ||
| Edna Simpson | corporate director | 2004-11 | ||
| George O'neill | corporate director | 2002-03 | ||
| John Antes | corporate director | 2022-12 | ||
| John Antes | w-2 managing employee | 2022-12 | ||
| Kathleen Fralish | corporate director | 1996-03 | ||
| Michael Tison | corporate director | 2021-07 | ||
| Morton Levine | corporate director | 1990-06 | ||
| Robert Mees | corporate director | 2012-06 | ||
| Shannon Hartke | corporate director | 2022-10 | ||
| Steven Sabens | corporate director | 2002-03 | ||
| W E Basanta | corporate director | 1995-01 | ||
| Warren Ladner | corporate director | 2022-02 | ||
| Warren Ladner | w-2 managing employee | 2022-02 |
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 |