Lincoln Medical Center
Fayetteville, Lincoln County, TN
· CCN 440102
Licensed to Hh Health System - Lincoln Inc
Composite
65.8
rank score
Distress
100
FY2024
Fit
52
vs thesis
Estimated ticket
$3.3M–$6.6M
47 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%
- margin deteriorating sharply
- 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 | $32.8M |
| Operating margin | -31.5% |
| Total margin | -18.2% |
| Days cash on hand | 8 |
| Current ratio | -0.05 |
| Occupancy | 23% |
Facility
| Beds | 47 |
| 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 | 49 | $34.6M | $2.2M | 3.3% | 5.3% | 99 | 0.99 | 28% | 1,250 | 33 |
| 2022 | 47 | $31.4M | $-148K | -8.8% | -0.4% | 50 | 0.52 | 24% | 1,070 | 80 |
| 2023 | 47 | $31.7M | $-348K | -11.4% | -1.0% | 4 | 5.53 | 16% | 848 | 67 |
| 2024 | 47 | $32.8M | $-6.7M | -31.5% | -18.2% | 8 | -0.05 | 23% | 976 | 100 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Anthony Taylor | corporate director | 2025-12 | ||
| Clinton Carter | corporate officer | 2022-07 | ||
| Clinton Carter | operational/managerial control | 2022-07 | ||
| Eric Reynolds | corporate director | 2025-12 | ||
| Jason Parks | corporate director | 2025-12 | ||
| Jeff Bradford | corporate director | 2025-12 | ||
| Jeffrey Samz | corporate officer | 2022-07 | ||
| Jeffrey Samz | operational/managerial control | 2022-07 | ||
| Jimmy Wright | corporate director | 2025-12 | ||
| John Karby | corporate director | 2025-12 | ||
| Justin Harwell | corporate director | 2025-12 | ||
| Mary Seals | corporate officer | 2022-07 | ||
| Mary Seals | w-2 managing employee | 2022-07 | ||
| Mary Seals | operational/managerial control | 2022-07 | ||
| Mike Whitehead | corporate director | 2025-12 | ||
| Tammy Cobb | corporate officer | 2023-08 | ||
| The Health Care Authority Of The City Of Huntsville | 5% or greater direct ownership interest | 2022-07 | ||
| The Health Care Authority Of The City Of Huntsville | operational/managerial control | 2022-07 | ||
| Theresa Morrison | corporate director | 2025-12 | ||
| Thomas Kidd | corporate director | 2025-12 | ||
| William Edwards | corporate director | 2025-12 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2022-07-01 | change of ownership | Hh Health System - Lincoln Inc | Lincoln Medical Center |
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 |