Psychiatric hospital · Waukegan, Illinois · 161 beds · CMS certification number 144042
Lake Behavioral Hospital
Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS June 15, 2026. Five years on file, every one shown below.
Fiscal 2025 at a glance
What stands out
- Net patient revenue rose from $24.1M in its first year on file (2021) to $55.8M in 2025.
- Its result from patient care: $7.3M (2023), $5.6M (2024), −$6.2M (2025).
- 2 of the 5 psychiatric hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
- Medicaid paid for 4.2% of its inpatient days and Medicare for 7.0%.
- US HEALTHVEST, LLC holds 100% of it, on its Medicare enrollment.
Every statement is drawn from figures on this page; nothing is estimated.
Five years of filings
Net patient revenue against operating expenses, each year as filed.
settled
settled
settled
settled
as submitted
Beside its peers
Psychiatric hospitals in Illinois with 100 to 199 beds, each on fiscal year 2025.
| Hospital | Beds | Net patient revenue | Operating expenses | Margin |
|---|---|---|---|---|
| Lake Behavioral Hospital | 161 | $55,792,483 | $61,967,161 | −11.1% |
| Alexian Brothers Behavioral Health Hospital, Hoffman Estates | 141 | $72,172,363 | $97,942,447 | −35.7% |
| Chicago Behavioral Hospital, Des Plaines | 150 | $59,206,586 | $44,096,323 | 25.5% |
| Hartgrove Hospital, Chicago | 160 | $61,651,973 | $42,858,434 | 30.5% |
| Montrose Behavioral Health Hospital, Chicago | 161 | $29,694,075 | $43,099,727 | −45.1% |
| Streamwood Hospital, Streamwood | 178 | $65,920,414 | $46,944,043 | 28.8% |
Patients and payers
- Discharges
- 4,372S-3 line 14, col 15
- Inpatient days
- 50,441S-3 line 14, col 8
- Beds in use, on an average day
- 138.6days ÷ days in year
- Occupancy
- 85.8%days ÷ bed days
- Medicare share of days
- 7.0%S-3 cols 6 ÷ 8
- Medicaid share of days
- 4.2%S-3 cols 7 ÷ 8
Who owns it
- US HEALTHVEST, LLC100%
- PVP US HEALTHVEST, INC28%
- RICHARD A KRESCH14%
- F-PRIME CAPITAL PARTNERS HC CAMBRIDGE FUND III LP10%
- OAK HC/FT USHV BLOCKER CORP9%
- PP VII US HEALTHVEST INC6%
- F-PRIME CAPITAL PARTNERS HC INTERNATIONAL FUND III LP5%
Related organizations on its own cost report: REALTY CO, prop co.
Other hospitals with the same owner: Ridgeview Institute (GA), Ridgeview Institute Monroe (GA), Chicago Behavioral Hospital (IL), Silver Oaks Behavioral Hospital (IL), Hendricks Behavioral Hospital (IN), Smokey Point Behavioral Hospital (WA), South Sound Behavioral Hospital (WA).
Type of control on its cost report: proprietary, partnership.
Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).
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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 144042. Patients and payers: worksheet S-3 Part I of the same filing. Ownership: CMS Hospital All Owners and Hospital Enrollments.
How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read June 15, 2026.