Trousdale Medical Center
dba Highpoint Health - Trousdale With Ascension Saint Thomas ·
Hartsville, Trousdale County, TN
· CCN 441301
Licensed to Trousdale Medical Center Llc
Composite
35.2
rank score
Distress
31
FY2023
Fit
53
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
for-profit
CAH
Why it ranks here
- under 30 days cash on hand
- current ratio under 1.5
- occupancy below 30%
- rural — cheaper but limited density
- small but workable bed count
- 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 · FY2023
| Net patient revenue | $12.6M |
| Operating margin | 13.6% |
| Total margin | 14.0% |
| Days cash on hand | 0 |
| Current ratio | 1.18 |
| Occupancy | 13% |
Facility
| Beds | 25 |
| Facility type | CAH |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $8.0M | $195K | -10.6% | 2.2% | 1 | 0.46 | 10% | 167 | 72 |
| 2021 | 25 | $8.6M | $-13.2K | -3.7% | -0.1% | 1 | 0.27 | 14% | 174 | 68 |
| 2022 | 25 | $11.7M | $4.4M | 9.4% | 29.3% | 0 | 0.81 | 12% | 134 | 40 |
| 2023 | 25 | $12.6M | $1.8M | 13.6% | 14.0% | 0 | 1.18 | 13% | 139 | 31 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Highpoint Healthcare, Llc | 5% or greater direct ownership interest | 100 | 2023-12 | |
| Dsb Acquisition Llc | 5% or greater indirect ownership interest | 80 | 2018-11 | |
| Highpoint Partner, Llc | 5% or greater indirect ownership interest | 80 | 2023-12 | |
| Historic Lifepoint Hospitals, Llc | 5% or greater indirect ownership interest | 80 | 2010-09 | |
| Legacy Lifepoint Health Llc | 5% or greater indirect ownership interest | 80 | 2015-05 | |
| Lifepoint Health Inc | 5% or greater indirect ownership interest | 80 | 2018-11 | |
| Lifepoint Holdings 2 Llc | 5% or greater indirect ownership interest | 80 | 2010-09 | |
| Lifepoint Hospitals Holdings Llc | 5% or greater indirect ownership interest | 80 | 2015-12 | |
| Ascension Health | 5% or greater indirect ownership interest | 20 | 2023-12 | |
| Baptist Health Care Affiliates Inc | 5% or greater indirect ownership interest | 20 | 2023-12 | |
| Saint Thomas Health | 5% or greater indirect ownership interest | 20 | 2023-12 | |
| Saint Thomas Network | 5% or greater indirect ownership interest | 20 | 2023-12 | |
| Carolyn Sparks | contracted managing employee | 2021-07 | ||
| Charlotte Lawrence | corporate officer | 2022-01 | ||
| Christopher Monte | corporate officer | 2010-09 | ||
| Daniel Davis | corporate officer | 2019-06 | ||
| Hsc Manager Llc | operational/managerial control | 2023-12 | ||
| John Grooms | corporate officer | 2016-11 | ||
| Marcus Poppell | corporate officer | 2010-09 | ||
| Marcus Poppell | other | 2013-12 | ||
| William Haugh | corporate officer | 2022-01 |
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 |
|---|---|---|---|---|
| 2023-07-01 | Erlanger Health | Chattanooga Hamilton County... | Erlanger Bledsoe Hospital | 25 |
| 2022-08-01 | Shamrock Community Hospital Inc | Houston County Community Hospital | Houston County Community Hospital | 25 |
| 2021-01-01 | Lauderdale Community Hospital Llc | Cah Acquisition Company 11 Llc | Lauderdale Community Hospital | 25 |