Red Bud Regional Hospital
Red Bud, Randolph County, IL
· CCN 141348
Licensed to Deaconess Illinois Red Bud Regional Hospital Inc
Already transacted. CMS recorded an ownership change effective
2023-01-14. Confirm the current owner before spending a call on this.
Composite
22.0
rank score
Distress
94
FY2023
Fit
52
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
for-profit
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- for-profit — no charitable conversion review
- changed ownership 2023-01-14 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $19.5M |
| Operating margin | -50.4% |
| Total margin | -48.5% |
| Days cash on hand | 0 |
| Current ratio | -0.02 |
| Occupancy | 58% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $31.9M | $-34.1K | -3.2% | -0.1% | 0 | 0.28 | 68% | 679 | 70 |
| 2022 | 25 | $34.3M | $190K | -3.4% | 0.5% | 0 | 0.28 | 63% | 674 | 62 |
| 2023 | 25 | $19.5M | $-9.6M | -50.4% | -48.5% | 0 | -0.02 | 58% | 384 | 94 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Anthony Wielt | corporate officer | 100 | 2023-08 | |
| Clifford Morris | corporate officer | 100 | 2023-08 | |
| Deaconess Health System Inc | other | 100 | 2023-01 | |
| Deaconess Regional Healthcare Services Illinois Inc | 5% or greater direct ownership interest | 100 | 2022-10 | |
| Harold Clarida | corporate officer | 100 | 2023-08 | |
| Shawn Mccoy | other | 100 | 2023-01 | |
| Stephen Titzer | corporate officer | 100 | 2023-08 | |
| William Davis | corporate officer | 100 | 2023-12 | |
| Anthony Wielt | corporate director | 20 | 2023-08 | |
| Clifford Morris | corporate director | 20 | 2022-12 | |
| Harold Clarida | corporate director | 20 | 2022-12 | |
| Jason Hinkle | contracted managing employee | 20 | 2025-11 | |
| Jason Hinkle | corporate director | 20 | 2025-11 | |
| Jeffrey Justice | corporate director | 20 | 2022-12 | |
| Stephen Titzer | corporate director | 20 | 2022-12 | |
| Marc Florence | corporate director | 2022-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2023-01-14 | change of ownership | Deaconess Illinois Red Bud... | Red Bud Illinois Hospital Company Llc |
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 |