Methodist Medical Center
Oak Ridge, Anderson County, TN
· CCN 440034
Licensed to Methodist Medical Center
Composite
67.7
rank score
Distress
73
FY2023
Fit
87
vs thesis
Estimated ticket
$55.0M–$220M
157 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio under 1.5
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $159M |
| Operating margin | -12.9% |
| Total margin | -9.9% |
| Days cash on hand | 0 |
| Current ratio | 1.16 |
| Occupancy | 74% |
Facility
| Beds | 157 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 204 | $148M | $2.5M | -7.9% | 1.5% | 0 | 1.03 | 58% | 9,206 | 53 |
| 2021 | 200 | $155M | $209K | -3.9% | 0.1% | 0 | 0.94 | 62% | 8,694 | 50 |
| 2022 | 157 | $154M | $-6.3M | -9.2% | -3.9% | 0 | 1.18 | 74% | 8,068 | 60 |
| 2023 | 157 | $159M | $-16.1M | -12.9% | -9.9% | 0 | 1.16 | 74% | 8,489 | 73 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amy Delong | corporate officer | 100 | 2024-03 | |
| Covenant Health | 5% or greater direct ownership interest | 100 | 1996-10 | |
| Joseph Dolan | corporate officer | 100 | 2023-07 | |
| Rick Carringer | corporate officer | 100 | 2024-01 | |
| Catherine Bunch | corporate officer | 2022-04 | ||
| Catherine Bunch | w-2 managing employee | 2022-04 | ||
| James Vandersteeg | corporate officer | 2016-04 | ||
| Jeremy Biggs | corporate officer | 2016-04 | ||
| Jeremy Biggs | w-2 managing employee | 2016-04 |
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 |