Vanderbilt Tullahoma-Harton Hospital
Tullahoma, Coffee County, TN
· CCN 440144
Licensed to Vanderbilt Coffee Hospital Llc
Composite
53.8
rank score
Distress
60
FY2024
Fit
67
vs thesis
Estimated ticket
$6.5M–$12.9M
76 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $84.6M |
| Operating margin | -14.1% |
| Total margin | -13.9% |
| Days cash on hand | 14 |
| Current ratio | 3.73 |
| Occupancy | 64% |
Facility
| Beds | 76 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 78 | $34.7M | $9.4M | -4.7% | 20.5% | 0 | 0.93 | 40% | 1,560 | 52 |
| 2021 | 74 | $24.6M | $-3.7M | -15.2% | -15.0% | 0 | -0.11 | 45% | 1,394 | 86 |
| 2022 | 86 | $63.7M | $-13.6M | -22.7% | -21.2% | 0 | -2.88 | 50% | 3,617 | 93 |
| 2023 | 71 | $79.5M | $-14.5M | -8.2% | -18.3% | 7 | 2.94 | 68% | 4,011 | 61 |
| 2024 | 76 | $84.6M | $-11.8M | -14.1% | -13.9% | 14 | 3.73 | 64% | 4,697 | 60 |
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 | ||
| Lucinda Baier | corporate director | 2022-07 | ||
| Makeba Williams | corporate director | 2022-07 | ||
| Raymond Mefford | corporate officer | 2024-07 | ||
| Richard Ellis | contracted managing employee | 2021-01 | ||
| 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 Coffee Hospital Llc | Tullahoma Hma 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 |