IROQUOIS MEMORIAL HOSPICE

WATSEKA, ILCCN: 141616
YELLOW
CON State

Overall

65.9

Quality

66.7

Compliance

57.5

Operational

60.0

Market

80.0

Contact Information

Address

200 E FAIRMAN AVE

WATSEKA, IL 60970

Website

No website on file

Administrator

MICHELLE FOX

Financial & Registry Data

NPI Registry
NPI1841295763
Authorized Official

MICHAEL TILSTRA

CEO

Provider Details

CountyIroquois
Ownership TypeOther
ADC31
ADC Fittarget
Service Area (ZIPs)34
Market TypeUrban
CertifiedNov 4, 2004
County Demographics
65+ Population6,233
% 65+23.0%
Median Income$62,866

Ownership Profile

Complexityunknown
Owner Count
PE/Investment BackedNo
Chain AffiliatedNo
Recent Ownership ChangeNo

Classification Reasons

Positive: ADC (31) within target range
Positive: CON state provides regulatory moat
Concern: Compliance risk moderate (score: 58)

Outreach Status

Readiness

Monitor - Complete diligence first

Deal Type

Possible platform or large tuck-in

Sell-Side Hypothesis

Standard owner exit motivations: retirement, capital needs, or strategic realignment

Rating Sensitivity

Upgrade Triggers

Quality improvement above 70 threshold; Compliance metrics improvement

Downgrade Triggers

Compliance score drop below 40; Quality score drop below 30; CMS enforcement action

Owner Carry-Back Analysis

95/100
HIGH
Independent Ownership+30

Not backed by private equity - more likely to consider creative financing

Standalone Operation+20

Not part of larger chain - owner has full decision authority

Single Owner+20

Sole owner can make quick decisions on seller financing

Ideal Size+15

ADC 20-60 is perfect for owner carry-back - established but manageable

Stable Ownership+10

Long-term owner more likely to have emotional investment and consider flexible terms

Prime Owner Carry-Back Candidate

This provider shows strong indicators for owner financing. Single/simple ownership structure, no PE involvement, and ideal operational size suggest the owner may be receptive to a seller note arrangement. Consider approaching with a 10-20% carry-back proposal.

Data Quality & Completeness

Completeness Score

75%

Data Quality

HIGH

Confidence

High (0.90)

Missing Fields

financialsquality_stars
Data Source: CMS Provider Data Catalog Nov 2025, PECOS Q1 2026 • Analysis Date: Jan 26, 2026