Lafollette Medical Center
dba Tennova Healthcare-Lafollette Medical Center ·
Lafollette, Campbell County, TN
· CCN 440033
Licensed to Campbell County Hma Llc
Composite
52.9
rank score
Distress
58
FY2023
Fit
67
vs thesis
Estimated ticket
$4.1M–$8.2M
48 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin negative
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $45.4M |
| Operating margin | -3.0% |
| Total margin | 2.5% |
| Days cash on hand | 0 |
| Current ratio | -7.62 |
| Occupancy | 47% |
Facility
| Beds | 48 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 47 | $39.9M | $3.3M | 3.7% | 7.9% | 0 | -0.17 | 41% | 1,308 | 41 |
| 2021 | 48 | $41.9M | $3.1M | -0.4% | 7.0% | 0 | 1.09 | 43% | 1,200 | 47 |
| 2022 | 48 | $47.4M | $4.9M | 1.7% | 9.5% | 0 | -3.26 | 56% | 1,615 | 44 |
| 2023 | 48 | $45.4M | $1.2M | -3.0% | 2.5% | 0 | -7.62 | 47% | 1,499 | 58 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Chs Community Health Systems Inc | 5% or greater indirect ownership interest | 100 | 2014-01 | |
| Community Health Systems Inc | 5% or greater indirect ownership interest | 100 | 2014-01 | |
| Health Management Associates Llc | 5% or greater direct ownership interest | 100 | 2016-12 | |
| Hma-Tri Holdings Llc | 5% or greater indirect ownership interest | 100 | 2016-01 | |
| Christopher Cobb | corporate officer | 2017-04 | ||
| Edna Buffington-Price | corporate director | 2022-03 | ||
| Jason Johnson | corporate officer | 2020-01 | ||
| Jason Johnson | corporate director | 2026-01 | ||
| Justin Pitt | corporate officer | 2026-01 | ||
| Justin Pitt | corporate director | 2026-01 | ||
| Nathaniel Summar | corporate director | 2017-07 | ||
| Paula Lalor | corporate director | 2017-04 | ||
| Phillip Posey | corporate officer | 2026-01 | ||
| Roman Ottinger | corporate officer | 2020-01 | ||
| Ronald Cain | w-2 managing employee | 2014-01 | ||
| William Cash | corporate officer | 2018-06 | ||
| William Cash | corporate director | 2026-01 |
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 |