Claiborne Medical Center
Tazewell, Claiborne County, TN
· CCN 440057
Licensed to Claiborne Medical Center
Composite
52.0
rank score
Distress
63
FY2024
Fit
59
vs thesis
Estimated ticket
$2.2M–$4.4M
26 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- under 30 days cash on hand
- current liabilities exceed current assets
- occupancy 30-45%
- margin slipping
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $33.6M |
| Operating margin | -5.4% |
| Total margin | -2.1% |
| Days cash on hand | 21 |
| Current ratio | 0.94 |
| Occupancy | 41% |
Facility
| Beds | 26 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 33 | $30.4M | $-51.1K | -8.9% | -0.2% | 17 | 0.95 | 39% | 1,238 | 67 |
| 2022 | 26 | $33.5M | $2.4M | -2.2% | 6.6% | 36 | 1.08 | 58% | 1,309 | 38 |
| 2023 | 26 | $30.9M | $-498K | -9.9% | -1.5% | 27 | 1.05 | 38% | 1,076 | 61 |
| 2024 | 26 | $33.6M | $-734K | -5.4% | -2.1% | 21 | 0.94 | 41% | 1,085 | 63 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amy Delong | corporate officer | 100 | 2024-03 | |
| Amy Herndon | corporate officer | 100 | 2024-08 | |
| Amy Herndon | w-2 managing employee | 100 | 2024-08 | |
| Covenant Health | 5% or greater direct ownership interest | 100 | 2014-04 | |
| Gordon Lintz | corporate officer | 100 | 2024-08 | |
| Gordon Lintz | w-2 managing employee | 100 | 2024-08 | |
| James Vandersteeg | corporate officer | 100 | 2016-04 | |
| Joseph Dolan | corporate officer | 100 | 2023-07 | |
| Rick Carringer | corporate officer | 100 | 2024-01 |
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 |