Ascension St Thomas River Park
dba Ascension Saint Thomas River Park ·
Mcminnville, Warren County, TN
· CCN 440151
Licensed to Saint Thomas River Park Hospital, Llc
Composite
55.1
rank score
Distress
70
FY2024
Fit
59
vs thesis
Estimated ticket
$3.2M–$6.4M
46 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio under 1.5
- occupancy 30-45%
- margin deteriorating
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $55.7M |
| Operating margin | -12.7% |
| Total margin | -6.6% |
| Days cash on hand | 0 |
| Current ratio | 1.19 |
| Occupancy | 38% |
Facility
| Beds | 46 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 48 | $50.1M | $-864K | 0.1% | -1.8% | 0 | 0.14 | 42% | 2,037 | 56 |
| 2022 | 55 | $57.6M | $368K | -3.0% | 0.6% | 2 | 0.53 | 39% | 2,140 | 60 |
| 2023 | 56 | $53.9M | $-5.0M | -11.2% | -9.1% | 1 | 0.78 | 29% | 1,849 | 89 |
| 2024 | 46 | $55.7M | $-3.9M | -12.7% | -6.6% | 0 | 1.19 | 38% | 1,711 | 70 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ascension Health | 5% or greater indirect ownership interest | 100 | 2015-08 | |
| Saint Thomas Health | 5% or greater indirect ownership interest | 100 | 2015-08 | |
| Saint Thomas Regional Hospitals | 5% or greater indirect ownership interest | 100 | 2015-08 | |
| Brandon Williams | corporate officer | 2022-10 | ||
| Robert Humphrey | w-2 managing employee | 2017-07 |
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 |