dealflow
envelope $200M

← Targets

Streamwood

dba Streamwood Hospital · Streamwood, Cook County, IL · CCN 144034
Licensed to Bhc Streamwood Hospital Inc

Composite
52.4
rank score
Distress
38
FY2024
Fit
84
vs thesis
Estimated ticket
$49.0M–$196M
178 beds · within envelope
Ownership
for-profit
PH

Why it ranks here

  • under 30 days cash on hand
  • current ratio below 0.8
  • margin deteriorating
  • part of a multi-hospital chain — divestiture candidate
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • bed count in the target band
  • ticket size uses the capital envelope well
  • strong occupancy — good iteration surface
  • for-profit — no charitable conversion review

Latest financials · FY2024

Net patient revenue$60.4M
Operating margin 24.2%
Total margin 28.9%
Days cash on hand 0
Current ratio -0.05
Occupancy70%

Facility

Beds178
Facility typePH
Settingurban
Ownership classfor-profit
Per-bed (low) $275K
Per-bed (high) $1.1M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 178 $52.3M $17.3M 28.1% 31.5% 0 -0.13 69% 3,585 36
2022 178 $54.6M $17.5M 28.5% 30.9% 0 -0.08 69% 3,707 36
2023 178 $58.6M $17.7M 25.4% 28.8% 0 -0.05 69% 3,581 36
2024 178 $60.4M $18.6M 24.2% 28.9% 0 -0.05 70% 3,709 38

Owners

OwnerRole%SinceType
Behavioral Healthcare Llc
King Of Prussia, PA
5% or greater direct ownership interest 100 2005-09
Bhc Holdings Inc
King Of Prussia, PA
5% or greater indirect ownership interest 100 2005-09
Cheryl Ramagano corporate officer 100 2010-11
Cheryl Ramagano operational/managerial control 100 2010-11
George Brunner corporate officer 100 2010-11
Katharine Lyver corporate officer 100 2024-01
Matthew Klein corporate officer 100 2010-11
Matthew Peterson corporate officer 100 2019-09
Matthew Peterson operational/managerial control 100 2019-09
Psychiatric Solutions, Inc.
King Of Prussia, PA
5% or greater indirect ownership interest 100 2005-07
Steve Filton corporate officer 100 2010-11
Steve Filton operational/managerial control 100 2010-11
Thomas Day corporate officer 100 2021-07
Uhs Of Delaware Inc
King Of Prussia, PA
operational/managerial control 100 2010-11 chain
Universal Health Services Inc
King Of Prussia, PA
5% or greater indirect ownership interest 100 2010-11
Alan Miller 5% or greater indirect ownership interest 87 2024-03
James Coleman contracted managing employee 50 2010-11
Matthew Peterson corporate director 33 2019-09
Steve Filton corporate director 33 2010-11
James Holliday contracted managing employee 2021-06
James Holliday corporate officer 2021-06
Ronald Weglarz contracted managing employee 2012-04
Ronald Weglarz corporate officer 2012-04

Ownership changes

No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.