Tj Health Columbia
dba T J Health Columbia ·
Columbia, Adair County, KY
· CCN 180149
Licensed to T J Health Columbia Inc
Composite
33.2
rank score
Distress
33
FY2023
Fit
46
vs thesis
Estimated ticket
$4.9M–$9.8M
49 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 30-60 days cash on hand
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $17.5M |
| Operating margin | 6.9% |
| Total margin | 17.4% |
| Days cash on hand | 53 |
| Current ratio | 16.89 |
| Occupancy | 7% |
Facility
| Beds | 49 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 49 | $10.6M | $4.5M | -13.9% | 27.1% | 100 | 2.16 | 3% | 165 | 41 |
| 2021 | 49 | $14.6M | $4.9M | 10.1% | 27.2% | 80 | 6.11 | 6% | 151 | 19 |
| 2022 | 49 | $15.4M | $4.5M | 3.9% | 23.2% | 28 | 25.26 | 7% | 198 | 31 |
| 2023 | 49 | $17.5M | $3.4M | 6.9% | 17.4% | 53 | 16.89 | 7% | 191 | 33 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Tj Regional Health Inc | 5% or greater direct ownership interest | 100 | 2015-12 | |
| Bo Matthews | corporate director | 2019-09 | ||
| Brandon Dickey | corporate officer | 2021-01 | ||
| Brent Billingsley | corporate director | 2017-01 | ||
| Christy Biggerstaff | w-2 managing employee | 2021-01 | ||
| Daniel Foutch | corporate director | 2015-12 | ||
| Ervin Sorrell | corporate director | 2019-09 | ||
| Henry Royse | corporate director | 2016-12 | ||
| James Lee | w-2 managing employee | 2016-09 | ||
| Jennifer Cerwinske | w-2 managing employee | 2019-09 | ||
| Jodie Holgate | w-2 managing employee | 2019-09 | ||
| Joseph Botts | corporate director | 2015-12 | ||
| Karen Small | corporate director | 2015-12 | ||
| Kylend Kiser | corporate director | 2021-01 | ||
| Ladonna Rogers | w-2 managing employee | 2015-12 | ||
| Mei Deng | corporate officer | 2019-09 | ||
| Mei Deng | w-2 managing employee | 2017-07 | ||
| Michael Bryant | corporate director | 2015-12 | ||
| Michael Saridakis | corporate director | 2021-01 | ||
| Michael Young | corporate director | 2015-12 | ||
| Neil Thornbury | corporate officer | 2019-09 | ||
| Neil Thornbury | w-2 managing employee | 2015-12 | ||
| Rollin Underwood | corporate director | 2015-12 | ||
| Stacey Biggs | w-2 managing employee | 2019-09 | ||
| Thomas Rich Alexander | corporate director | 2015-12 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2016-02-11 | change of ownership | T J Health Columbia Inc | Adair County Hospital District |
Who has been buying in KY
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 |
|---|---|---|---|---|
| 2024-07-01 | Bowling Green-Warren County... | Logan Memorial Hospital Llc | Logan Memorial Hospital | 37 |
| 2021-12-01 | Arh Tug Valley Health Services Inc | Paintsville Hospital Company Llc | Paintsville Arh Hospital | 39 |
| 2021-01-01 | Owensboro Health Twin Lakes... | Grayson County Hospital Foundation Inc | Owensboro Health Twin Lakes Medical | 49 |
| 2020-09-01 | Baptist Healthcare System Inc | Hardin Memorial Hospital | Baptist Health Hardin | 271 |
| 2019-11-01 | Uofl Health-Louisville Inc | Jewish Hospital & St. Mary's... | Uofl Health-Louisville | 789 |
| 2019-11-01 | Uofl Health-Shelbyville Inc | Jewish Hospital & St. Mary's... | Uofl Health-Shelbyville | 32 |
| 2019-09-01 | Baptist Healthcare System Inc | Baptist Health Richmond Inc | Baptist Health Richmond | 53 |
| 2019-08-01 | Arh Tug Valley Health Services Inc | Highlands Hospital Corp | Highlands Regional Medical Center | 63 |
| 2016-02-11 | T J Health Columbia Inc | Adair County Hospital District | Tj Health Columbia | 49 |