Tennova Healthcare - Turkey Creek Mc
dba Tennova Healthcare ·
Knoxville, Knox County, TN
· CCN 440120
Licensed to Metro Knoxville Hma Llc
Composite
54.8
rank score
Distress
48
FY2023
Fit
83
vs thesis
Estimated ticket
$110M–$438M
219 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $324M |
| Operating margin | 1.4% |
| Total margin | 4.5% |
| Days cash on hand | 0 |
| Current ratio | 0.45 |
| Occupancy | 82% |
Facility
| Beds | 219 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 219 | $286M | $37.2M | 3.9% | 11.9% | 0 | 0.25 | 69% | 11,806 | 40 |
| 2021 | 218 | $317M | $21.5M | 4.8% | 6.6% | 0 | 0.29 | 90% | 13,434 | 36 |
| 2022 | 219 | $326M | $28.1M | 8.1% | 8.6% | 0 | 0.36 | 88% | 13,391 | 36 |
| 2023 | 219 | $324M | $15.2M | 1.4% | 4.5% | 0 | 0.45 | 82% | 13,293 | 48 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Chs Community Health Systems Inc | 5% or greater indirect ownership interest | 100 | 2014-01 | |
| Community Health Systems Inc | 5% or greater indirect ownership interest | 100 | 2014-01 | |
| Hma-Tri Holdings Llc | 5% or greater indirect ownership interest | 100 | 2015-12 | |
| Hospital Management Services Of Florida Lp | 5% or greater indirect ownership interest | 100 | 2014-01 | |
| Tennessee Hma Holdings, Lp | 5% or greater indirect ownership interest | 100 | 2014-01 | |
| Health Management Associates Llc | 5% or greater indirect ownership interest | 99 | 2015-12 | |
| Christopher Cobb | corporate officer | 2017-04 | ||
| Edna Buffington-Price | corporate director | 2022-03 | ||
| George Benton | w-2 managing employee | 2017-04 | ||
| Health Management Associates Lp | 5% or greater indirect ownership interest | 2011-10 | ||
| Jason Johnson | corporate officer | 2020-01 | ||
| Justin Pitt | corporate officer | 2022-03 | ||
| Justin Pitt | corporate director | 2022-03 | ||
| Kevin Hammons | corporate officer | 2012-02 | ||
| Kevin Hammons | corporate director | 2020-01 | ||
| Knoxville Hma Holdings, Llc | 5% or greater direct ownership interest | 2011-10 | ||
| Nathaniel Summar | corporate director | 2017-07 | ||
| Paula Lalor | corporate director | 2017-04 | ||
| Roman Ottinger | corporate officer | 2020-01 | ||
| William Cash | corporate officer | 2018-06 |
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 |