Henry County Medical Center
dba West Tennessee Healthcare Henry County Hospital ·
Paris, Henry County, TN
· CCN 440132
Licensed to West Tennessee Healthcare Henry County
Already transacted. CMS recorded an ownership change effective
2024-10-01. Confirm the current owner before spending a call on this.
Composite
18.3
rank score
Distress
58
FY2024
Fit
61
vs thesis
Estimated ticket
$2.8M–$5.6M
33 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- 30-60 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- government-owned — public process likely
- changed ownership 2024-10-01 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $89.3M |
| Operating margin | -6.6% |
| Total margin | -5.3% |
| Days cash on hand | 36 |
| Current ratio | 1.58 |
| Occupancy | 54% |
Facility
| Beds | 33 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 52 | $83.5M | $5.2M | -8.6% | 5.4% | 88 | 3.04 | 63% | 2,645 | 32 |
| 2022 | 43 | $77.7M | $-481K | -16.1% | -0.5% | 59 | 3.03 | 67% | 2,283 | 52 |
| 2023 | 43 | $81.7M | $-6.2M | -13.0% | -7.2% | 10 | 6.39 | 56% | 2,001 | 64 |
| 2024 | 33 | $89.3M | $-4.9M | -6.6% | -5.3% | 36 | 1.58 | 54% | 1,603 | 58 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| West Tennessee Healthcare Henry County | 5% or greater direct ownership interest | 100 | 2024-10 | chain |
| West Tennessee Healthcare Henry County | operational/managerial control | 100 | 2024-10 | chain |
| Charlotte Burch | corporate director | 2024-08 | ||
| Curtis Mansfield | corporate director | 2024-08 | ||
| Danny Wheeler | corporate director | 2024-08 | ||
| Jeffrey Blankenship | corporate officer | 2024-08 | ||
| Jeffrey Blankenship | w-2 managing employee | 2024-08 | ||
| Phil Bryant | corporate director | 2024-08 | ||
| Ray Washington | corporate director | 2024-08 | ||
| Tina Prescott | corporate officer | 2024-09 | ||
| Tina Prescott | w-2 managing employee | 2024-09 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-10-01 | change of ownership | West Tennessee Healthcare Henry County | Henry County 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 |