Pana Community Hospital
Pana, Christian County, IL
· CCN 141341
Licensed to Pana Community Hospital Association
Composite
16.6
rank score
Distress
8
FY2023
Fit
32
vs thesis
Estimated ticket
$1.9M–$3.7M
22 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- occupancy below 30%
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $38.4M |
| Operating margin | 4.8% |
| Total margin | 14.5% |
| Days cash on hand | 185 |
| Current ratio | 5.73 |
| Occupancy | 20% |
Facility
| Beds | 22 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 22 | $24.6M | $2.4M | -11.9% | 8.0% | 218 | 2.34 | 15% | 249 | 37 |
| 2021 | 22 | $30.3M | $4.7M | 2.9% | 13.8% | 217 | 3.10 | 14% | 239 | 9 |
| 2022 | 22 | $32.0M | $660K | -0.8% | 2.0% | 159 | 4.32 | 12% | 251 | 24 |
| 2023 | 22 | $38.4M | $6.2M | 4.8% | 14.5% | 185 | 5.73 | 20% | 209 | 8 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Charles O'malley | corporate director | 2016-05 | ||
| David Dorn | corporate director | 2023-01 | ||
| David Slater | corporate director | 2017-05 | ||
| Dianne Bailey | w-2 managing employee | 2015-07 | ||
| Frank Mcchristy | corporate director | 2023-01 | ||
| Gregory Holthaus | corporate director | 2015-05 | ||
| James Moon | corporate officer | 2012-01 | ||
| James Moon | w-2 managing employee | 2012-01 | ||
| Jason Bauer | corporate director | 2023-01 | ||
| Jimmie Brewer | corporate director | 2016-05 | ||
| Katrina Casner | corporate officer | 2012-01 | ||
| Katrina Casner | w-2 managing employee | 2008-01 | ||
| Kenneth Flesch | corporate director | 2017-05 | ||
| Roy Goff | corporate director | 2023-01 | ||
| Vickie Coen | w-2 managing employee | 2008-01 | ||
| Walter Cunnington | corporate director | 2015-05 |
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 |