Skyridge Medical Center
dba Hamilton Medical Center ·
Cleveland, Bradley County, TN
· CCN 440185
Licensed to Bradley Medical Center Llc
Already transacted. CMS recorded an ownership change effective
2024-08-01. Confirm the current owner before spending a call on this.
Composite
19.2
rank score
Distress
42
FY2024
Fit
90
vs thesis
Estimated ticket
$88.0M–$352M
176 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
- changed ownership 2024-08-01 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $163M |
| Operating margin | 23.2% |
| Total margin | 23.5% |
| Days cash on hand | 0 |
| Current ratio | 0.55 |
| Occupancy | 71% |
Facility
| Beds | 176 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 177 | $167M | $23.8M | 15.0% | 14.3% | 0 | 0.87 | 72% | 9,332 | 31 |
| 2022 | 177 | $167M | $31.5M | 15.3% | 18.2% | 0 | 4.08 | 72% | 8,856 | 22 |
| 2023 | 176 | $163M | $31.0M | 17.3% | 18.7% | 0 | -1.87 | 68% | 8,343 | 36 |
| 2024 | 176 | $163M | $38.4M | 23.2% | 23.5% | 0 | 0.55 | 71% | 8,277 | 42 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hamilton Health Care System, Inc. | 5% or greater indirect ownership interest | 100 | 2024-08 | |
| Hamilton Medical Center, Inc | 5% or greater direct ownership interest | 100 | 2024-08 | |
| Bryan Mcallister | corporate director | 2024-08 | ||
| Gregrey Lyle | corporate director | 2024-08 | ||
| Jeffery Myers | corporate director | 2024-08 | ||
| John Neal | corporate director | 2024-08 | ||
| Julie Soekoro | corporate officer | 2024-08 | ||
| Julie Soekoro | w-2 managing employee | 2024-08 | ||
| Lisa Lovelace | corporate officer | 2024-08 | ||
| Lisa Lovelace | w-2 managing employee | 2024-08 | ||
| Robert Chandler | corporate director | 2024-08 | ||
| Sandra Mckenzie | corporate officer | 2024-08 | ||
| Valerie Brantley | corporate officer | 2024-08 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-08-01 | change of ownership | Bradley Medical Center Llc | Cleveland Tennessee Hospital... |
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 |