West Tn Healthcare Volunteer Hospita
dba West Tennessee Healthcare Volunteer Hospital ·
Martin, Weakley County, TN
· CCN 440061
Licensed to Martin Health
Composite
61.3
rank score
Distress
90
FY2024
Fit
52
vs thesis
Estimated ticket
$2.7M–$5.3M
38 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $27.0M |
| Operating margin | -13.6% |
| Total margin | -12.1% |
| Days cash on hand | 3 |
| Current ratio | 0.10 |
| Occupancy | 25% |
Facility
| Beds | 38 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| 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 | 38 | $23.9M | $-3.3M | -25.6% | -12.4% | 3 | 0.13 | 24% | 1,140 | 100 |
| 2022 | 38 | $25.6M | $-3.0M | -20.1% | -10.7% | 6 | 0.14 | 29% | 1,054 | 100 |
| 2023 | 38 | $23.6M | $-4.8M | -21.6% | -19.9% | 5 | 0.09 | 21% | 818 | 100 |
| 2024 | 38 | $27.0M | $-3.3M | -13.6% | -12.1% | 3 | 0.10 | 25% | 953 | 90 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Martin Health | 5% or greater direct ownership interest | 100 | 2018-06 | |
| Jackson Madison County General Hospital | operational/managerial control | 2019-01 | ||
| Jeffrey Blankenship | corporate officer | 2018-04 | ||
| Jeffrey Blankenship | w-2 managing employee | 2018-04 | ||
| 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 |