Jacksonville Memorial Hospital
Jacksonville, Morgan County, IL
· CCN 141352
Licensed to Passavant Memorial Area Hospital Association
Composite
27.4
rank score
Distress
15
FY2023
Fit
52
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- 30-60 days cash on hand
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $138M |
| Operating margin | 15.0% |
| Total margin | 24.2% |
| Days cash on hand | 33 |
| Current ratio | 1.51 |
| Occupancy | 95% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 33 | $51.3M | $4.5M | -1.2% | 7.6% | 39 | 1.31 | 77% | 1,046 | 36 |
| 2023 | 25 | $138M | $37.9M | 15.0% | 24.2% | 33 | 1.51 | 95% | 2,277 | 15 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Memorial Health System | 5% or greater direct ownership interest | 100 | 2014-04 | |
| Barbara Farley | corporate director | 2015-10 | ||
| Bradley Wilson | corporate director | 2019-01 | ||
| Elias Trace | corporate director | 2025-03 | ||
| Gary Westermeyer | corporate director | 2025-03 | ||
| James Hinchen | corporate director | 2014-01 | ||
| Kelly Staake | corporate director | 2013-01 | ||
| Kim Andras | corporate director | 2022-01 | ||
| Lindsay Mcqueen | corporate director | 2025-03 | ||
| Maryjane Bradbury | corporate director | 2019-01 | ||
| Michael Huffman | corporate officer | 2023-02 | ||
| Paul Eddington | corporate director | 2023-06 | ||
| Paul Eddington | w-2 managing employee | 2005-10 | ||
| Peter Russotto | corporate director | 2018-01 | ||
| Polly Pulley | corporate director | 2020-10 | ||
| Reginald Benton | corporate director | 2011-01 | ||
| Stephanie Seaman | w-2 managing employee | 2014-02 | ||
| Stephen Symons | corporate director | 2019-01 | ||
| Thomas Veith | corporate director | 2012-01 | ||
| Timothy Greene | corporate director | 2025-03 |
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 |