Baptist Mem Hospital Memphis
dba Baptist Memorial Hospital Memphis ·
Memphis, Shelby County, TN
· CCN 440048
Licensed to Baptist Memorial Hospital
Composite
20.0
rank score
Distress
54
FY2023
Fit
64
vs thesis
Estimated ticket
$340M–$1.4B
800 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin negative
- 30-60 days cash on hand
- current liabilities exceed current assets
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $876M |
| Operating margin | -3.4% |
| Total margin | -1.0% |
| Days cash on hand | 50 |
| Current ratio | 0.97 |
| Occupancy | 80% |
Facility
| Beds | 800 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 785 | $721M | $38.5M | -2.3% | 4.9% | 174 | 1.20 | 78% | 34,260 | 19 |
| 2021 | 848 | $759M | $12.9M | -3.2% | 1.6% | 145 | 1.22 | 77% | 32,992 | 27 |
| 2022 | 800 | $766M | $-73.9M | -12.7% | -9.0% | 76 | 1.04 | 78% | 33,706 | 58 |
| 2023 | 800 | $876M | $-9.1M | -3.4% | -1.0% | 50 | 0.97 | 80% | 34,211 | 54 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Allison Bosse | corporate officer | 2021-05 | ||
| Arie Szatkowski | corporate director | 2020-12 | ||
| Arthur Maples | corporate director | 2020-12 | ||
| Baptist Memorial Health Care Corporation | 5% or greater direct ownership interest | 1983-05 | ||
| Baptist Memorial Hospital | 5% or greater direct ownership interest | 1924-03 | ||
| Brad Parsons | corporate officer | 2020-12 | ||
| Brad Parsons | corporate director | 2020-12 | ||
| Brad Parsons | w-2 managing employee | 2020-12 | ||
| Cary Finn | corporate director | 2020-12 | ||
| Dale Morris | corporate director | 2015-01 | ||
| Gregory Duckett | corporate officer | 2000-01 | ||
| Jason Little | corporate officer | 2013-03 | ||
| Kevin Hammeran | corporate officer | 2020-12 | ||
| Kevin Hammeran | w-2 managing employee | 2020-12 | ||
| Lindsay Stencel | corporate officer | 2020-12 | ||
| Lindsay Stencel | corporate director | 2020-12 | ||
| Lindsay Stencel | w-2 managing employee | 2020-12 | ||
| Paul Depriest | corporate officer | 2014-06 | ||
| Randy King | corporate director | 2015-01 | ||
| Riad Homsi | corporate director | 2020-12 | ||
| Spence Wilson | corporate director | 2005-01 | ||
| William Griffin | corporate officer | 2021-05 | ||
| William Griffin | corporate director | 2021-05 |
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 |