Holston Valley Hosp & Med Ctr
dba Holston Valley Medical Center ·
Kingsport, Sullivan County, TN
· CCN 440017
Licensed to Wellmont Health System
Composite
62.7
rank score
Distress
73
FY2024
Fit
70
vs thesis
Estimated ticket
$20.3M–$40.6M
290 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin below -8%
- under 30 days cash on hand
- current liabilities exceed current assets
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $335M |
| Operating margin | -9.8% |
| Total margin | -8.9% |
| Days cash on hand | 0 |
| Current ratio | 0.98 |
| Occupancy | 72% |
Facility
| Beds | 290 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 320 | $355M | $29.1M | 2.4% | 7.7% | 0 | 0.68 | 72% | 16,779 | 36 |
| 2022 | 321 | $341M | $-17.4M | -8.5% | -4.9% | 0 | 1.11 | 76% | 14,576 | 60 |
| 2023 | 286 | $345M | $-22.1M | -7.4% | -6.4% | 0 | 1.75 | 76% | 13,997 | 57 |
| 2024 | 290 | $335M | $-30.0M | -9.8% | -8.9% | 0 | 0.98 | 72% | 14,533 | 73 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ballad Health | 5% or greater indirect ownership interest | 100 | 2018-02 | chain |
| Alan Levine | corporate officer | 2018-02 | ||
| Alan Levine | corporate director | 2018-02 | ||
| Buford Deaton | corporate officer | 2018-02 | ||
| Buford Deaton | corporate director | 2018-02 | ||
| Gregory Wilgocki | corporate director | 2018-02 | ||
| Gregory Wilgocki | w-2 managing employee | 2018-02 | ||
| Julie Bennett | corporate officer | 2023-02 | ||
| Julie Bennett | corporate director | 2023-02 | ||
| Marvin Eichorn | corporate officer | 2018-02 | ||
| Marvin Eichorn | corporate director | 2018-02 | ||
| Shane Hilton | corporate officer | 2024-04 | ||
| Shane Hilton | corporate director | 2024-04 |
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 |