Crawford Memorial Hospital
Robinson, Crawford County, IL
· CCN 141343
Licensed to Crawford Hospital District
Composite
25.2
rank score
Distress
20
FY2024
Fit
40
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- 30-60 days cash on hand
- occupancy 30-45%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $74.9M |
| Operating margin | 2.9% |
| Total margin | 7.4% |
| Days cash on hand | 52 |
| Current ratio | 1.85 |
| Occupancy | 33% |
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 | $53.0M | $1.1M | -5.8% | 2.0% | 186 | 1.84 | 43% | 736 | 31 |
| 2022 | 25 | $62.6M | $9.8M | 3.2% | 13.4% | 78 | 1.78 | 44% | 821 | 16 |
| 2023 | 25 | $67.7M | $5.5M | 2.9% | 7.7% | 43 | 1.68 | 29% | 736 | 26 |
| 2024 | 25 | $74.9M | $5.9M | 2.9% | 7.4% | 52 | 1.85 | 33% | 869 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Crawford Hospital District | 5% or greater direct ownership interest | 100 | 1966-07 | |
| Douglas Florkowski | contracted managing employee | 2017-07 | ||
| Gregory Kastner | corporate director | 2006-02 | ||
| John Daugherty | corporate director | 2009-02 | ||
| John Harbor | contracted managing employee | 2023-05 | ||
| Judith Adams | corporate director | 2005-01 | ||
| Julia Hoalt | w-2 managing employee | 2017-08 | ||
| Melissa York | corporate director | 2024-07 | ||
| Mitzi Martin | corporate director | 2004-01 | ||
| Robert Quick | corporate director | 2021-02 | ||
| Stewart Schutte | corporate director | 2017-09 | ||
| Thomas Moore | corporate director | 2018-03 | ||
| Wanda James | corporate director | 2004-01 |
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 |