Clay County Hospital
Flora, Clay County, IL
· CCN 141351
Licensed to County Of Clay
Composite
15.4
rank score
Distress
8
FY2024
Fit
30
vs thesis
Estimated ticket
$1.7M–$3.4M
20 beds ·
within envelope
Ownership
government
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
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $40.9M |
| Operating margin | 13.4% |
| Total margin | 24.9% |
| Days cash on hand | 445 |
| Current ratio | 10.31 |
| Occupancy | 27% |
Facility
| Beds | 20 |
| 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 | 20 | $26.3M | $5.4M | 6.8% | 18.1% | 371 | 2.00 | 24% | 369 | 9 |
| 2022 | 20 | $33.3M | $14.6M | 16.3% | 34.3% | 113 | 1.59 | 29% | 365 | 13 |
| 2023 | 20 | $38.2M | $8.4M | 14.5% | 20.5% | 110 | 3.03 | 29% | 381 | 13 |
| 2024 | 20 | $40.9M | $11.7M | 13.4% | 24.9% | 445 | 10.31 | 27% | 356 | 8 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| County Of Clay | 5% or greater direct ownership interest | 100 | 1966-01 | |
| Ariane Souder | operational/managerial control | 2017-08 | ||
| Jennifer Venable | corporate officer | 2017-11 | ||
| Jody Gillum | corporate officer | 2022-10 | ||
| Jody Gillum | w-2 managing employee | 2022-10 |
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 |