Leconte Medical Center
dba Covenant Health Leconte ·
Sevierville, Sevier County, TN
· CCN 440081
Licensed to Leconte Medical Center
Composite
37.7
rank score
Distress
20
FY2023
Fit
67
vs thesis
Estimated ticket
$6.0M–$12.0M
60 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- part of a multi-hospital chain — divestiture candidate
- 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 · FY2023
| Net patient revenue | $137M |
| Operating margin | 17.4% |
| Total margin | 18.6% |
| Days cash on hand | 0 |
| Current ratio | 3.07 |
| Occupancy | 83% |
Facility
| Beds | 60 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 60 | $111M | $11.5M | 6.6% | 10.0% | 0 | 1.24 | 79% | 4,446 | 26 |
| 2021 | 60 | $125M | $20.9M | 9.1% | 15.5% | 0 | 1.25 | 95% | 4,739 | 26 |
| 2022 | 60 | $126M | $16.2M | 6.4% | 12.0% | 0 | 1.96 | 83% | 4,261 | 22 |
| 2023 | 60 | $137M | $25.9M | 17.4% | 18.6% | 0 | 3.07 | 83% | 4,097 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Aaron Burns | corporate officer | 100 | 2022-04 | |
| Aaron Burns | w-2 managing employee | 100 | 2022-04 | |
| Amy Delong | corporate officer | 100 | 2024-03 | |
| Covenant Health | 5% or greater direct ownership interest | 100 | 1982-01 | chain |
| Covenant Health | operational/managerial control | 100 | 1982-01 | chain |
| Jacqueline Hounshell | corporate officer | 100 | 2014-08 | |
| Jacqueline Hounshell | w-2 managing employee | 100 | 2014-08 | |
| James Vandersteeg | corporate officer | 100 | 2016-04 | |
| Joseph Dolan | corporate officer | 100 | 2023-07 | |
| Robert Boos | corporate officer | 100 | 2026-03 |
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 |