Saint Thomas Stones River Hospital
dba Ascension Saint Thomas Stones River ·
Woodbury, Cannon County, TN
· CCN 440200
Licensed to Saint Thomas Stones River Hospital Llc
Composite
55.4
rank score
Distress
68
FY2024
Fit
62
vs thesis
Estimated ticket
$8.9M–$35.7M
21 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio under 1.5
- occupancy 30-45%
- urban — higher occupancy and iteration surface
- very small facility
- small ticket — deploys little of the available capital
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $9.4M |
| Operating margin | -47.4% |
| Total margin | -40.1% |
| Days cash on hand | 0 |
| Current ratio | 1.14 |
| Occupancy | 31% |
Facility
| Beds | 21 |
| 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 | 16 | $6.7M | $-4.2M | -70.9% | -58.9% | 0 | 0.11 | 36% | 499 | 97 |
| 2022 | 21 | $9.0M | $-1.7M | -35.4% | -16.8% | 1 | 0.79 | 28% | 455 | 89 |
| 2023 | 21 | $9.9M | $-2.4M | -30.0% | -22.9% | 0 | 1.07 | 31% | 439 | 76 |
| 2024 | 21 | $9.4M | $-4.0M | -47.4% | -40.1% | 0 | 1.14 | 31% | 375 | 68 |
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 | ||
| Lisa Davis | corporate director | 2015-08 | ||
| Raymond Johnson | w-2 managing employee | 2021-07 | ||
| Susan Conley | w-2 managing employee | 2015-08 |
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 |