Regional One Health
Memphis, Shelby County, TN
· CCN 440152
Licensed to Shelby County Health Care Corporation
Composite
58.2
rank score
Distress
59
FY2024
Fit
79
vs thesis
Estimated ticket
$124M–$495M
291 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- 30-60 days cash on hand
- current ratio below 0.8
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $440M |
| Operating margin | -72.3% |
| Total margin | -0.2% |
| Days cash on hand | 39 |
| Current ratio | -7.29 |
| Occupancy | 84% |
Facility
| Beds | 291 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 297 | $414M | $-3.5M | -43.1% | -0.6% | 76 | 2.45 | 71% | 10,124 | 46 |
| 2022 | 291 | $556M | $-6.4M | -17.4% | -1.0% | 56 | -3.58 | 81% | 13,144 | 66 |
| 2023 | 291 | $408M | $-3.6M | -79.0% | -0.5% | 42 | -5.35 | 84% | 13,913 | 66 |
| 2024 | 291 | $440M | $-1.2M | -72.3% | -0.2% | 39 | -7.29 | 84% | 13,913 | 59 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Carl Carter | corporate director | 2022-10 | ||
| Claudette Jones Shephard | corporate director | 2021-01 | ||
| Danielle Crawford | corporate director | 2024-11 | ||
| Elizabeth Low | corporate director | 2024-11 | ||
| Ephie Johnson | corporate director | 2017-07 | ||
| Franklin Dakin | corporate director | 2026-01 | ||
| Imad Abdullah | corporate officer | 2018-01 | ||
| James Proctor | corporate officer | 2021-07 | ||
| James Proctor | w-2 managing employee | 2021-07 | ||
| Julia Kavanagh | corporate director | 2021-01 | ||
| Kevin Bradshaw | corporate director | 2022-10 | ||
| Miska Clay-Bibbs | corporate director | 2023-10 | ||
| Raaj Kurapati | corporate director | 2025-04 | ||
| Reginald Coopwood | corporate officer | 2010-03 | ||
| Reginald Coopwood | w-2 managing employee | 2010-03 | ||
| Reginald Milton | corporate director | 2022-10 | ||
| Ronald Coleman | corporate director | 2016-05 | ||
| Timothy Fabian | corporate director | 2018-04 |
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 |