Greeneville Community Hospital
Greeneville, Greene County, TN
· CCN 440050
Licensed to Takoma Regional Hospital Inc
Composite
60.1
rank score
Distress
74
FY2024
Fit
67
vs thesis
Estimated ticket
$4.9M–$9.8M
70 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- margin deteriorating
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $106M |
| Operating margin | -14.3% |
| Total margin | -7.9% |
| Days cash on hand | 0 |
| Current ratio | 0.63 |
| Occupancy | 77% |
Facility
| Beds | 70 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 97 | $94.4M | $-4.0M | -18.1% | -3.7% | 22 | 0.62 | 48% | 3,948 | 78 |
| 2022 | 88 | $108M | $4.5M | -8.5% | 3.7% | 7 | 0.68 | 65% | 4,331 | 58 |
| 2023 | 81 | $104M | $2.7M | -5.1% | 2.4% | 1 | 1.06 | 66% | 4,459 | 48 |
| 2024 | 70 | $106M | $-8.9M | -14.3% | -7.9% | 0 | 0.63 | 77% | 4,786 | 74 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ballad Health | 5% or greater indirect ownership interest | 100 | 2018-02 | |
| Takoma Regional Hospital Inc | 5% or greater direct ownership interest | 100 | 2006-09 | |
| Wellmont Health System | 5% or greater indirect ownership interest | 100 | 2016-12 | |
| 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 |