Baptist Mem Hospital Tipton County
dba Bmh - Tipton ·
Covington, Tipton County, TN
· CCN 440131
Licensed to Baptist Memorial Hospital-Tipton
Composite
52.7
rank score
Distress
54
FY2023
Fit
71
vs thesis
Estimated ticket
$20.4M–$81.6M
48 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- under 30 days cash on hand
- current ratio below 0.8
- occupancy below 30%
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $200M |
| Operating margin | -2.4% |
| Total margin | 13.7% |
| Days cash on hand | 4 |
| Current ratio | -0.95 |
| Occupancy | 21% |
Facility
| Beds | 48 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 48 | $146M | $6.2M | -3.4% | 4.0% | 10 | 1.80 | 12% | 1,073 | 47 |
| 2021 | 48 | $171M | $14.7M | -2.8% | 7.7% | 7 | 4.91 | 21% | 1,256 | 47 |
| 2022 | 48 | $179M | $13.9M | -5.8% | 6.9% | 5 | -3.73 | 21% | 1,568 | 67 |
| 2023 | 48 | $200M | $32.3M | -2.4% | 13.7% | 4 | -0.95 | 21% | 2,103 | 54 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Arie Szatkowski | corporate director | 2020-08 | ||
| Arthur Maples | corporate director | 2015-12 | ||
| Baptist Memorial Health Care Corporation | 5% or greater indirect ownership interest | 1980-10 | ||
| Cary Finn | corporate director | 2020-08 | ||
| Dale Morris | corporate director | 2015-12 | ||
| Gary Anderson | corporate officer | 2024-01 | ||
| Gregory Duckett | corporate officer | 2000-01 | ||
| Jason Little | corporate officer | 2011-08 | ||
| Jason Little | corporate director | 2011-08 | ||
| Kris Azlin | corporate director | 2024-01 | ||
| Parker Harris | w-2 managing employee | 2020-08 | ||
| Paul Cade | corporate officer | 2024-01 | ||
| Riad Homsi | corporate director | 2020-08 |
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 |