Hawkins County Memorial Hospital
Rogersville, Hawkins County, TN
· CCN 440032
Licensed to Wellmont Hawkins County Memorial Hospital Inc
Composite
53.8
rank score
Distress
68
FY2024
Fit
58
vs thesis
Estimated ticket
$2.5M–$10.2M
6 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $14.1M |
| Operating margin | -3.1% |
| Total margin | -1.2% |
| Days cash on hand | 1 |
| Current ratio | 0.77 |
| Occupancy | 35% |
Facility
| Beds | 6 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $9.8M | $6.1M | -21.4% | 33.9% | 14 | 0.63 | 4% | 155 | 72 |
| 2022 | 6 | $13.7M | $-684K | -6.4% | -4.9% | 3 | 0.44 | 39% | 312 | 83 |
| 2023 | 6 | $13.7M | $-255K | -8.4% | -1.7% | 1 | 0.70 | 47% | 375 | 68 |
| 2024 | 6 | $14.1M | $-170K | -3.1% | -1.2% | 1 | 0.77 | 35% | 290 | 68 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ballad Health | 5% or greater indirect ownership interest | 100 | 2018-02 | |
| Wellmont Health System | 5% or greater indirect ownership interest | 100 | 2000-04 | |
| 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 |