dealflow
envelope $200M

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University Of Tennessee Medical Cent

dba University Of Tennessee Medical Center · Knoxville, Knox County, TN · CCN 440015
Licensed to University Health System, Inc.

Composite
52.2
rank score
Distress
51
FY2023
Fit
73
vs thesis
Estimated ticket
$59.3M–$119M
698 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • operating margin below -10%
  • under 30 days cash on hand
  • current ratio under 1.5
  • margin slipping
  • rural — cheaper but limited density
  • very large — likely out of range
  • ticket size uses the capital envelope well
  • strong occupancy — good iteration surface
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$1.2B
Operating margin -15.9%
Total margin 4.7%
Days cash on hand 29
Current ratio 1.40
Occupancy76%

Facility

Beds698
Facility typeSTH
Settingrural
Ownership classnonprofit
Per-bed (low) $85.0K
Per-bed (high) $170K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 671 $940M $68.6M -12.2% 6.1% 97 1.40 72% 31,166 36
2021 698 $992M $28.8M -15.2% 2.5% 52 1.19 77% 30,969 48
2022 698 $1.1B $-53.5M -17.6% -4.4% 29 1.22 74% 33,652 70
2023 698 $1.2B $69.1M -15.9% 4.7% 29 1.40 76% 32,801 51

Owners

OwnerRole%SinceType
Benjamin Cunningham corporate officer 100 2018-04
James Shamiyeh operational/managerial control 100 2019-03
Keith Gray operational/managerial control 100 2019-03
Amy Barger Stevens corporate director 2021-01
Benjamin Cunningham operational/managerial control 2018-04
Bennett Cox corporate officer 2019-04
Brandi Lowell corporate officer 2025-08
Carolyn Fairbank - Biggs corporate director 2024-07
Cassandra Leake corporate officer 2020-05
Christopher Kinney corporate director 2023-01
Cristen Haslam corporate director 2020-07
David Miller corporate director 2021-07
Donde Plowman corporate director 2019-07
Howard Sherrod corporate director 2024-07
James Shamiyeh corporate officer 2019-03
Jerry Crook corporate officer 2022-09
Julia Coco corporate officer 2022-08
Kathy Boyd corporate officer 2019-04
Keith Gray corporate officer 2019-03
Keri Lattimore corporate director 2024-07
Lisa Duncan corporate officer 2022-12
Maria Sexton corporate officer 2025-02
Patrick Mcconville corporate director 2022-12
Peter Buckley corporate director 2022-01
Randy Boyd corporate director 2019-07

Showing 25 of 30. Full list via /api/targets/440015.

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.

DateBuyerSellerHospitalBeds
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