Tanner Medical Center Alabama Inc.
dba Tanner Medical Center- East Alabama ·
Wedowee, AL
· CCN 011306
Licensed to Tanner Medical Center Alabama Inc
Composite
37.0
rank score
Distress
52
FY2024
Fit
34
vs thesis
Estimated ticket
$1.1M–$2.2M
15 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin below -10%
- current ratio below 0.8
- debt above 85% of assets
- occupancy below 30%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $13.3M |
| Operating margin | -38.3% |
| Total margin | 6.7% |
| Days cash on hand | 251 |
| Current ratio | 0.44 |
| Occupancy | 22% |
Facility
| Beds | 15 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $72.2K |
| Per-bed (high) | $144K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 15 | $9.6M | $-2.4M | -43.1% | -21.6% | 110 | 0.24 | 23% | 246 | 76 |
| 2022 | 15 | $13.2M | $-629K | -21.1% | -4.1% | 169 | 0.27 | 28% | 282 | 67 |
| 2023 | 15 | $15.0M | $2.2M | -12.0% | 11.6% | 49 | 0.12 | 27% | 242 | 71 |
| 2024 | 15 | $13.3M | $1.3M | -38.3% | 6.7% | 251 | 0.44 | 22% | 225 | 52 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Carol Crews | 5% or greater indirect ownership interest | 5 | 2017-11 | |
| Carol Crews | corporate director | 2017-09 | ||
| Carol Crews | w-2 managing employee | 2017-11 | ||
| Carol Knight | corporate director | 2022-12 | ||
| Daniel Jackson | corporate director | 2017-11 | ||
| Jeff Stewart | corporate director | 2017-09 | ||
| Jo Kicker | corporate director | 2017-11 | ||
| Loy Howard | corporate director | 2017-11 | ||
| Ramona Diamond | corporate director | 2019-09 | ||
| Robert Bugg | corporate director | 2017-09 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2017-11-14 | change of ownership | Tanner Medical Center Alabama Inc | The Health Care Authority Of... |
Who has been buying in AL
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 |
|---|---|---|---|---|
| 2017-11-14 | Tanner Medical Center Alabama Inc | The Health Care Authority Of The... | Tanner Medical Center Alabama Inc. | 15 |