St. Francis Hospital
dba Saint Francis Hospital ·
Memphis, Shelby County, TN
· CCN 440183
Licensed to Amisub (Sfh), Inc.
Composite
63.1
rank score
Distress
70
FY2024
Fit
79
vs thesis
Estimated ticket
$117M–$468M
334 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- debt above 85% of assets
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size at the top of the envelope — would need leverage
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $268M |
| Operating margin | -6.9% |
| Total margin | -6.5% |
| Days cash on hand | 0 |
| Current ratio | 2.40 |
| Occupancy | 58% |
Facility
| Beds | 334 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 353 | $217M | $4.9M | -15.2% | 1.9% | 0 | 1.31 | 45% | 10,832 | 70 |
| 2022 | 349 | $213M | $-62.0M | -28.4% | -29.3% | 1 | 1.70 | 48% | 11,161 | 77 |
| 2023 | 349 | $244M | $-30.2M | -13.1% | -12.3% | 0 | 2.50 | 50% | 12,101 | 80 |
| 2024 | 334 | $268M | $-17.5M | -6.9% | -6.5% | 0 | 2.40 | 58% | 13,817 | 70 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Healthcare Network Holdings Inc | 5% or greater indirect ownership interest | 100 | 2010-05 | |
| Tenet Healthcare Corporation | 5% or greater indirect ownership interest | 100 | 2010-05 | |
| Tenet Healthsystem Medical, Inc. | 5% or greater direct ownership interest | 100 | 2010-05 | |
| Angelo Pagano | corporate officer | 2024-07 | ||
| Joshua Burkett | corporate officer | 2024-10 | ||
| Kristina Mack | corporate officer | 2008-07 | ||
| Saumya Sutaria | other | 2019-09 | ||
| Scott Smith | corporate officer | 2023-07 | ||
| Scott Smith | w-2 managing employee | 2023-07 | ||
| Sharilee Smith | corporate director | 2024-03 |
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 |