Cookeville Regional Medical Center
Cookeville, Putnam County, TN
· CCN 440059
Licensed to Cookeville Regional Medical Center
Composite
36.7
rank score
Distress
21
FY2024
Fit
68
vs thesis
Estimated ticket
$20.4M–$40.8M
204 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- 60-90 days cash on hand
- current ratio below 0.8
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $405M |
| Operating margin | 5.5% |
| Total margin | 3.1% |
| Days cash on hand | 72 |
| Current ratio | -10.76 |
| Occupancy | 77% |
Facility
| Beds | 204 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 211 | $326M | $5.6M | 2.8% | 1.7% | 140 | 3.57 | 90% | 13,531 | 8 |
| 2022 | 212 | $364M | $5.9M | 0.9% | 1.6% | 79 | 7.33 | 90% | 13,384 | 20 |
| 2023 | 212 | $372M | $-1.8M | 2.1% | -0.5% | 59 | -19.71 | 76% | 12,330 | 38 |
| 2024 | 204 | $405M | $12.2M | 5.5% | 3.1% | 72 | -10.76 | 77% | 12,570 | 21 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Laurin Wheaton | corporate director | 10 | 2021-01 | |
| Alma Anderson | corporate director | 2022-10 | ||
| Bert Geer | corporate director | 2024-08 | ||
| Danny Rader | corporate director | 2020-08 | ||
| Jack Carey | corporate director | 1980-06 | ||
| Joseph Albrecht | corporate director | 2025-08 | ||
| Justin David Cumby | corporate director | 2024-06 | ||
| Marilyn Key | corporate officer | 2023-05 | ||
| Marilyn Key | w-2 managing employee | 2023-05 | ||
| Marilyn Key | operational/managerial control | 2023-05 | ||
| Randel Wallace | corporate director | 2023-08 | ||
| Scott Copeland | corporate director | 2021-08 |
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 |