Livingston Regional Hospital
Livingston, Overton County, TN
· CCN 440187
Licensed to Livingston Regional Hospital Llc
Composite
54.2
rank score
Distress
69
FY2024
Fit
58
vs thesis
Estimated ticket
$7.7M–$15.3M
90 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
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $51.8M |
| Operating margin | -5.1% |
| Total margin | -4.8% |
| Days cash on hand | 12 |
| Current ratio | 7.11 |
| Occupancy | 19% |
Facility
| Beds | 90 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 90 | $37.8M | $3.4M | 1.7% | 8.3% | 0 | 0.49 | 16% | 1,209 | 51 |
| 2022 | 90 | — | $-39.7M | — | — | — | — | 17% | 1,269 | — |
| 2023 | 90 | $40.5M | $-2.0M | -5.1% | -5.0% | 32 | 4.74 | 17% | 1,324 | 60 |
| 2024 | 90 | $51.8M | $-2.5M | -5.1% | -4.8% | 12 | 7.11 | 19% | 1,611 | 69 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kindred Healthcare Operating Llc | operational/managerial control | 100 | 2021-12 | |
| Knight Health Holdings Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Knight Health Ii, Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Knight Healthcare New-D, Llc | 5% or greater direct ownership interest | 100 | 2021-12 | |
| Knight Intermediate Holdings Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Brian Craven | corporate officer | 2022-04 | ||
| Dana Rock | corporate officer | 2024-12 | ||
| Jacquelyn Davis | contracted managing employee | 2023-12 | ||
| Johnetta Traylor | corporate officer | 2024-12 | ||
| Kathy Teague | corporate officer | 2022-01 | ||
| Michael Bean | corporate officer | 2022-01 | ||
| Scott Graeser | corporate officer | 2022-08 | ||
| Timothy Mcgill | contracted managing employee | 2015-11 |
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 |