Sumner Regional Medical Center
dba Highpoint Health - Sumner With Ascension Saint Thomas ·
Gallatin, Sumner County, TN
· CCN 440003
Licensed to Sumner Regional Medical Center, Llc
Composite
56.9
rank score
Distress
45
FY2024
Fit
87
vs thesis
Estimated ticket
$69.0M–$276M
138 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio under 1.5
- liabilities exceed assets
- occupancy 45-60%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $180M |
| Operating margin | 3.0% |
| Total margin | 4.3% |
| Days cash on hand | 0 |
| Current ratio | 1.34 |
| Occupancy | 59% |
Facility
| Beds | 138 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 138 | $162M | $22.9M | 4.2% | 12.9% | 0 | 0.67 | 56% | 5,743 | 38 |
| 2022 | 138 | $160M | $3.2M | -3.7% | 1.9% | 0 | 1.33 | 56% | 5,422 | 47 |
| 2023 | 138 | $162M | $-694K | -2.7% | -0.4% | 0 | 1.26 | 54% | 6,478 | 51 |
| 2024 | 138 | $180M | $7.9M | 3.0% | 4.3% | 0 | 1.34 | 59% | 7,823 | 45 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Highpoint Healthcare, Llc | 5% or greater direct ownership interest | 100 | 2023-12 | |
| Dsb Acquisition Llc | 5% or greater indirect ownership interest | 80 | 2018-11 | |
| Highpoint Partner, Llc | 5% or greater indirect ownership interest | 80 | 2023-12 | |
| Historic Lifepoint Hospitals, Llc | 5% or greater indirect ownership interest | 80 | 2002-06 | |
| Legacy Lifepoint Health Llc | 5% or greater indirect ownership interest | 80 | 2015-05 | |
| Lifepoint Health Inc | 5% or greater indirect ownership interest | 80 | 2018-11 | chain |
| Lifepoint Holdings 2 Llc | 5% or greater indirect ownership interest | 80 | 2003-12 | |
| Lifepoint Hospitals Holdings Llc | 5% or greater indirect ownership interest | 80 | 2015-12 | |
| Marcus Poppell | 5% or greater indirect ownership interest | 80 | 2018-11 | |
| Ascension Health | 5% or greater indirect ownership interest | 20 | 2023-12 | |
| Baptist Health Care Affiliates Inc | 5% or greater indirect ownership interest | 20 | 2023-12 | |
| Saint Thomas Health | 5% or greater indirect ownership interest | 20 | 2023-12 | |
| Saint Thomas Network | 5% or greater indirect ownership interest | 20 | 2023-12 | |
| Charlotte Lawrence | corporate officer | 2022-01 | ||
| Christopher Monte | corporate officer | 2010-09 | ||
| Daniel Davis | corporate officer | 2019-06 | ||
| Hsc Manager Llc | operational/managerial control | 2023-12 | ||
| John Grooms | corporate officer | 2016-11 | ||
| Rod Harkleroad | operational/managerial control | 2022-07 | ||
| William Haugh | corporate officer | 2022-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in TN
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 |
|---|---|---|---|---|
| 2024-10-01 | West Tennessee Healthcare Henry County | Henry County Medical Center | Henry County Medical Center | 33 |
| 2024-08-01 | Bradley Medical Center Llc | Cleveland Tennessee Hospital Company Llc | Skyridge Medical Center | 176 |
| 2023-07-01 | Erlanger Health | Chattanooga Hamilton County... | Erlanger Medical Center | 662 |
| 2022-07-01 | Hh Health System - Lincoln Inc | Lincoln Medical Center | Lincoln Medical Center | 47 |
| 2021-09-01 | Springfield Health Services, Llc | Northcrest Medical Center | Northcrest Medical Center | 109 |
| 2021-01-01 | Vanderbilt Coffee Hospital Llc | Tullahoma Hma Llc | Vanderbilt Tullahoma-Harton Hospital | 76 |
| 2021-01-01 | Vanderbilt Bedford Hospital Llc | Shelbyville Hospital Company Llc | Vanderbilt Bedford County Hospital | 24 |
| 2019-08-01 | Vanderbilt University Medical Center | Lebanon Hma Llc | Vanderbilt Wilson County Hospital | 117 |
| 2016-04-30 | Vanderbilt University Medical Center | Vanderbilt University | Vanderbilt University Medical Center | 1,084 |