Salem Township Hospital
Salem, Marion County, IL
· CCN 141345
Licensed to Salem Township Hospital
Composite
18.2
rank score
Distress
8
FY2024
Fit
36
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
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
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $55.5M |
| Operating margin | 20.6% |
| Total margin | 25.6% |
| Days cash on hand | 500 |
| Current ratio | 4.40 |
| Occupancy | 20% |
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 | $30.8M | $335K | -1.4% | 1.1% | 262 | 2.84 | 26% | 530 | 28 |
| 2022 | 25 | $45.2M | $15.3M | 20.4% | 29.9% | 325 | 3.84 | 36% | 678 | 6 |
| 2023 | 25 | $48.3M | $15.0M | 20.5% | 27.9% | 467 | 4.59 | 27% | 445 | 9 |
| 2024 | 25 | $55.5M | $15.1M | 20.6% | 25.6% | 500 | 4.40 | 20% | 288 | 8 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Salem Township Hospital | 5% or greater direct ownership interest | 100 | 2005-05 | |
| Amy Marsh | corporate officer | 2023-07 | ||
| Amy Marsh | w-2 managing employee | 2023-07 | ||
| Lisa Ambuehl | corporate officer | 2022-07 | ||
| Lisa Ambuehl | w-2 managing employee | 2022-07 | ||
| Mark Clark | corporate director | 2018-05 | ||
| Michael Morton | corporate director | 2010-02 | ||
| Sandra Phillips | corporate director | 2013-01 | ||
| Todd Woodruff | corporate director | 2015-08 |
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 |