HEARTLAND HOSPICE (FRANKFORT)

FRANKFORT, ILCCN: 141619
GREEN
CON State

Overall

68.8

Quality

73.3

Compliance

57.5

Operational

60.0

Market

85.0

Contact Information

Address

20960 S FRANKFORT SQUARE ROAD, UNIT C

FRANKFORT, IL 60423

Website

No website on file

Administrator

DAVID ROBINSON ARNOLD, CHAIN HOME OFFICE ADMINISTRATOR

Financial & Registry Data

Cost Report (2024)
Revenue$0.7M
Expenses$0.9M
Net Income$-0.23M
Cost/Day$333

Provider Details

CountyWill
Ownership TypeFor-Profit
ADC50
ADC Fittarget
Service Area (ZIPs)78
Market TypeUrban
CertifiedNov 30, 2004
County Demographics
65+ Population102,470
% 65+14.7%
Median Income$103,678

Ownership Profile

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

Classification Reasons

ADC (50) within target range
CON state provides regulatory moat
Strong quality metrics (score: 73)

Outreach Status

Readiness

Ready - Prioritize for outreach

Deal Type

Platform potential

Sell-Side Hypothesis

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

Rating Sensitivity

Upgrade Triggers

Already at highest classification

Downgrade Triggers

Quality or compliance metrics decline in next CMS refresh; Material compliance investigation or survey deficiency; Significant ownership change or PE exit

Owner Carry-Back Analysis

100/100
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

For-Profit+5

For-profit structure - owner seeks return, more receptive to deal structures

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

85%

Data Quality

HIGH

Confidence

High (0.90)

Missing Fields

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