Kindred Hospital Sycamore
Sycamore, Dekalb County, IL · CCN 142006
Composite
67.0
rank score
Distress
97
FY2024
Fit
58
vs thesis
Estimated ticket
$14.5M–$58.0M
69 beds ·
within envelope
Ownership
for-profit
LTCH
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 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- bed count in the target band
- small ticket — deploys little of the available capital
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $15.5M |
| Operating margin | -62.4% |
| Total margin | -34.2% |
| Days cash on hand | 0 |
| Current ratio | 0.31 |
| Occupancy | 31% |
Facility
| Beds | 69 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $210K |
| Per-bed (high) | $840K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 69 | $7.4M | $576K | 7.6% | 7.7% | 0 | 0.17 | 46% | 127 | 49 |
| 2021 | 69 | $17.0M | $-568K | -4.2% | -3.3% | 0 | 0.27 | 43% | 294 | 80 |
| 2022 | 69 | $20.1M | $-3.8M | -27.9% | -17.3% | 0 | 0.48 | 39% | 393 | 97 |
| 2023 | 69 | $18.4M | $-4.2M | -35.8% | -20.2% | 0 | 0.22 | 35% | 356 | 97 |
| 2024 | 69 | $15.5M | $-6.4M | -62.4% | -34.2% | 0 | 0.31 | 31% | 315 | 97 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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 |
|---|---|---|---|---|
| 2025-03-01 | Holy Family Medical Center - Des... | Presence Chicago Hospitals Network | Holy Family Medical Center | 128 |
| 2020-12-16 | Kindred Chicago Northlake, Llc | Kindred Thc Chicago, Llc | Kindred Hospital Chicago | 185 |