Holy Family Medical Center
Des Plaines, Cook County, IL
· CCN 142011
Licensed to Holy Family Medical Center - Des Plaines Llc
Already transacted. CMS recorded an ownership change effective
2025-03-01. Confirm the current owner before spending a call on this.
Composite
20.8
rank score
Distress
65
FY2024
Fit
70
vs thesis
Estimated ticket
$32.6M–$131M
128 beds ·
within envelope
Ownership
nonprofit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- occupancy 45-60%
- margin slipping
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
- changed ownership 2025-03-01 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $70.6M |
| Operating margin | -16.2% |
| Total margin | -12.1% |
| Days cash on hand | 0 |
| Current ratio | 1.99 |
| Occupancy | 59% |
Facility
| Beds | 128 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $255K |
| Per-bed (high) | $1.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 128 | $78.9M | $-9.2M | -13.2% | -11.4% | 0 | 0.75 | 73% | 1,411 | 80 |
| 2022 | 128 | $74.5M | $-6.9M | -12.9% | -8.9% | 0 | 1.04 | 65% | 1,095 | 70 |
| 2023 | 128 | $70.7M | $-11.9M | -18.9% | -16.5% | 0 | 1.09 | 59% | 731 | 72 |
| 2024 | 128 | $70.6M | $-8.9M | -16.2% | -12.1% | 0 | 1.99 | 59% | 723 | 65 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Prime Healthcare Holdings Inc | 5% or greater indirect ownership interest | 100 | 2024-03 | |
| Prime Healthcare Services, Inc | 5% or greater direct ownership interest | 100 | 2024-03 | chain |
| Christopher Doan | corporate officer | 2024-03 | ||
| Christopher Doan | w-2 managing employee | 2024-03 | ||
| Steven Aleman | corporate officer | 2024-03 | ||
| Steven Aleman | corporate director | 2024-03 | ||
| Steven Aleman | w-2 managing employee | 2024-03 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2025-03-01 | change of ownership | Holy Family Medical Center -... | Presence Chicago Hospitals Network |
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 |