Vanderbilt Bedford County Hospital
dba Vanderbilt Bedford Hospital ·
Shelbyville, Bedford County, TN
· CCN 440137
Licensed to Vanderbilt Bedford Hospital Llc
Composite
44.0
rank score
Distress
47
FY2024
Fit
57
vs thesis
Estimated ticket
$2.4M–$4.8M
24 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin -8% to -3%
- under 30 days cash on hand
- occupancy 45-60%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $51.6M |
| Operating margin | -3.6% |
| Total margin | -3.5% |
| Days cash on hand | 29 |
| Current ratio | 3.18 |
| Occupancy | 60% |
Facility
| Beds | 24 |
| 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 | 49 | $19.6M | $-1.3M | -36.8% | -5.0% | 0 | -0.12 | 12% | 538 | 96 |
| 2021 | 49 | $11.1M | $-3.6M | -32.2% | -32.0% | 0 | -0.36 | 15% | 426 | 93 |
| 2022 | 49 | $43.6M | $-1.5M | -0.3% | -3.6% | 0 | -0.46 | 21% | 1,017 | 72 |
| 2023 | 24 | $49.5M | $-2.8M | 1.9% | -5.6% | 17 | 1.95 | 49% | 1,149 | 43 |
| 2024 | 24 | $51.6M | $-1.8M | -3.6% | -3.5% | 29 | 3.18 | 60% | 1,416 | 47 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Vanderbilt University Medical Center | 5% or greater direct ownership interest | 100 | 2020-10 | |
| Angela Simmons | corporate director | 2021-08 | ||
| Cecelia Moore | corporate officer | 2020-10 | ||
| Colin Reed | corporate director | 2023-07 | ||
| Daniel Diermeier | corporate director | 2020-10 | ||
| Edith Johnson | corporate director | 2020-10 | ||
| Gail Williams | corporate director | 2023-07 | ||
| Jane Freedman | w-2 managing employee | 2025-07 | ||
| Jeffrey Balser | corporate director | 2020-10 | ||
| John Ingram | corporate director | 2022-07 | ||
| John Stein | corporate director | 2020-10 | ||
| Kenneth Rich | contracted managing employee | 2021-01 | ||
| Lucinda Baier | corporate director | 2022-07 | ||
| Makeba Williams | corporate director | 2022-07 | ||
| Raymond Mefford | corporate officer | 2024-07 | ||
| Sara Finley | corporate director | 2022-01 | ||
| Vanderbilt University Medical Center | operational/managerial control | 2021-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2021-01-01 | change of ownership | Vanderbilt Bedford Hospital Llc | Shelbyville Hospital Company Llc |
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 |