Methodist H/c Memphis Hospt.
dba Methodist Hospitals Of Memphis ·
Memphis, Shelby County, TN
· CCN 440049
Licensed to Methodist Healthcare - Memphis Hospitals
Composite
22.8
rank score
Distress
70
FY2023
Fit
64
vs thesis
Estimated ticket
$463M–$1.9B
1,322 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- 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 | $1.7B |
| Operating margin | -16.1% |
| Total margin | -16.1% |
| Days cash on hand | 0 |
| Current ratio | 5.89 |
| Occupancy | 73% |
Facility
| Beds | 1,322 |
| 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 | 1,305 | $1.4B | $69.7M | -31.5% | 3.7% | 0 | 0.64 | 73% | 59,835 | 63 |
| 2021 | 1,295 | $1.7B | $-10.5M | -6.2% | -0.6% | 0 | 0.90 | 73% | 52,176 | 61 |
| 2022 | 1,314 | $1.7B | $-37.8M | -11.5% | -2.0% | 0 | 1.89 | 74% | 52,855 | 58 |
| 2023 | 1,322 | $1.7B | $-266M | -16.1% | -16.1% | 0 | 5.89 | 73% | 52,593 | 70 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Larry Fogarty | corporate officer | 2000-01 | ||
| Larry Fogarty | w-2 managing employee | 2000-01 | ||
| Methodist Le Bonheur Healthcare | 5% or greater direct ownership interest | 2008-05 | ||
| Michael Ugwueke | corporate officer | 2014-05 |
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 |