dealflow
envelope $200M

← Targets

Hshs Good Shepherd Hospital

Shelbyville, Shelby County, IL · CCN 141354
Licensed to Hshs Good Shepherd Hospital Inc

Composite
31.3
rank score
Distress
34
FY2024
Fit
40
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds · within envelope
Ownership
nonprofit
CAH

Why it ranks here

  • under 30 days cash on hand
  • current ratio under 1.5
  • 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
  • nonprofit — expect AG conversion review

Latest financials · FY2024

Net patient revenue$16.6M
Operating margin 5.7%
Total margin 9.2%
Days cash on hand 3
Current ratio 1.28
Occupancy17%

Facility

Beds25
Facility typeCAH
Settingrural
Ownership classnonprofit
Per-bed (low) $85.0K
Per-bed (high) $170K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2024 25 $16.6M $1.6M 5.7% 9.2% 3 1.28 17% 265 34

Owners

OwnerRole%SinceType
Hospital Sisters Health System Inc
Springfield, IL
5% or greater direct ownership interest 100 2017-01
Angela Canada corporate director 2026-05
Ann Bond corporate director 2025-10
Anthony Powers corporate director 2026-05
Elliott Uphoff corporate director 2025-06
Eric Forlines corporate director 2024-01
Jeffery Sterling corporate officer 2025-06
Jeffery Sterling w-2 managing employee 2025-06
Kim Turner corporate director 2023-05
Lee Mitchell corporate director 2026-05
Paige Toth corporate director 2025-10
Shane Schuricht corporate director 2025-06
Susan Koontz corporate director 2025-06

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.

DateBuyerSellerHospitalBeds
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