Kindred Hospital Lakeshore
Chicago, Cook County, IL · CCN 142009
Composite
63.9
rank score
Distress
90
FY2024
Fit
58
vs thesis
Estimated ticket
$15.1M–$60.5M
72 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 slipping
- 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 | $18.8M |
| Operating margin | -48.8% |
| Total margin | -10.9% |
| Days cash on hand | 0 |
| Current ratio | 0.68 |
| Occupancy | 37% |
Facility
| Beds | 72 |
| 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 | 140 | $12.9M | $-1.5M | -11.7% | -11.4% | 0 | 0.35 | 39% | 240 | 97 |
| 2021 | 140 | $25.8M | $-2.7M | -11.0% | -10.6% | 0 | 0.52 | 40% | 466 | 97 |
| 2022 | 72 | $25.8M | $-399K | -14.1% | -1.4% | 0 | 0.72 | 45% | 448 | 88 |
| 2023 | 72 | $24.3M | $889K | -16.6% | 3.0% | 0 | 0.92 | 43% | 380 | 76 |
| 2024 | 72 | $18.8M | $-2.7M | -48.8% | -10.9% | 0 | 0.68 | 37% | 291 | 90 |
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 |