Milan General Hospital
dba West Tennessee Healthcare Milan Hospital ·
Milan, Gibson County, TN
· CCN 440060
Licensed to Milan General Hospital, Inc.
Composite
59.2
rank score
Distress
71
FY2024
Fit
68
vs thesis
Estimated ticket
$16.4M–$65.8M
47 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- small but workable bed count
- ticket size somewhat below the envelope
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $16.0M |
| Operating margin | -3.0% |
| Total margin | -0.8% |
| Days cash on hand | 3 |
| Current ratio | -0.18 |
| Occupancy | 10% |
Facility
| Beds | 47 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 47 | $12.4M | $3.1M | -1.3% | 19.6% | 3 | -0.10 | 12% | 460 | 60 |
| 2022 | 47 | $13.8M | $225K | -6.7% | 1.5% | 3 | -0.10 | 12% | 505 | 70 |
| 2023 | 47 | $14.7M | $-888K | -7.7% | -5.9% | 11 | -0.17 | 9% | 395 | 79 |
| 2024 | 47 | $16.0M | $-130K | -3.0% | -0.8% | 3 | -0.18 | 10% | 424 | 71 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jackson Madison County General Hospital | 5% or greater direct ownership interest | 100 | 1998-08 | |
| Milan General Hospital, Inc. | 5% or greater direct ownership interest | 100 | 1998-08 | |
| Jeffrey Blankenship | corporate officer | 2009-10 | ||
| Jeffrey Blankenship | w-2 managing employee | 2016-04 | ||
| Milan General Hospital, Inc. | 5% or greater security interest | 1998-08 | ||
| Sherry Scruggs | w-2 managing employee | 2011-03 | ||
| Tina Prescott | corporate officer | 2024-09 | ||
| Tina Prescott | w-2 managing employee | 2024-09 |
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 |