Sparta Community Hospital
Sparta, Randolph County, IL
· CCN 141349
Licensed to Sparta Community Hospital
Composite
29.0
rank score
Distress
32
FY2024
Fit
36
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- occupancy below 30%
- margin deteriorating sharply
- 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 | $45.1M |
| Operating margin | -3.1% |
| Total margin | 6.4% |
| Days cash on hand | 197 |
| Current ratio | 5.80 |
| Occupancy | 24% |
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 | $38.0M | $9.3M | -3.1% | 19.2% | 297 | 4.37 | 18% | 265 | 24 |
| 2022 | 25 | $40.7M | $2.1M | -3.2% | 4.8% | 275 | 4.99 | 26% | 356 | 24 |
| 2023 | 25 | $44.3M | $2.8M | -6.6% | 5.6% | 163 | 5.27 | 25% | 340 | 31 |
| 2024 | 25 | $45.1M | $3.2M | -3.1% | 6.4% | 197 | 5.80 | 24% | 285 | 32 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Christopher Haury | corporate director | 5 | 2006-08 | |
| Claudia Kerens | corporate director | 5 | 1999-01 | |
| Dennis Ernsting | corporate director | 5 | 1999-01 | |
| Jesica Gentry-Schlimme | corporate director | 5 | 2020-09 | |
| Joann Emge | corporate officer | 5 | 1996-07 | |
| John Clendenin | corporate director | 5 | 2016-07 | |
| Kevin Wilson | corporate director | 5 | 2015-01 | |
| Lisa Ernsting | corporate officer | 5 | 2022-03 | |
| Michael Howell | corporate director | 5 | 2020-07 | |
| Mildred Hapke | corporate director | 5 | 2012-09 | |
| Tyra Edmundson | corporate director | 5 | 2020-12 | |
| James Hayes | w-2 managing employee | 2016-08 | ||
| Joann Emge | w-2 managing employee | 2013-07 | ||
| Lisa Ernsting | w-2 managing employee | 2022-02 | ||
| Sparta Community Hospital | operational/managerial control | 2013-08 |
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 |