Cumberland Medical Center
Crossville, Cumberland County, TN
· CCN 440009
Licensed to Cumberland Medical Center, Inc.
Composite
55.6
rank score
Distress
64
FY2024
Fit
67
vs thesis
Estimated ticket
$6.2M–$12.4M
73 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio under 1.5
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $88.8M |
| Operating margin | -7.6% |
| Total margin | -5.1% |
| Days cash on hand | 1 |
| Current ratio | 1.14 |
| Occupancy | 76% |
Facility
| Beds | 73 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 86 | $86.8M | $8.2M | 2.2% | 8.8% | 15 | 1.39 | 83% | 5,600 | 26 |
| 2022 | 59 | $76.6M | $-3.8M | -15.5% | -4.5% | 16 | 1.04 | 85% | 4,265 | 66 |
| 2023 | 72 | $84.3M | $-5.3M | -12.0% | -6.0% | 13 | 0.91 | 87% | 4,682 | 71 |
| 2024 | 73 | $88.8M | $-4.7M | -7.6% | -5.1% | 1 | 1.14 | 76% | 5,088 | 64 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Covenant Health | 5% or greater direct ownership interest | 100 | 2014-02 | |
| Amy Delong | corporate officer | 2024-03 | ||
| April Vonachen | corporate officer | 2016-05 | ||
| April Vonachen | w-2 managing employee | 2016-05 | ||
| James Vandersteeg | corporate officer | 2016-04 | ||
| Jason Pilant | corporate officer | 2026-01 | ||
| Jason Pilant | w-2 managing employee | 2026-01 | ||
| Joseph Dolan | corporate officer | 2023-07 | ||
| Rick Carringer | corporate officer | 2024-01 |
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 |