Johnson County Community Hospital
Mountain City, Johnson County, TN
· CCN 441304
Licensed to Mountain States Health Alliance
Composite
33.9
rank score
Distress
37
FY2024
Fit
43
vs thesis
Estimated ticket
$170K–$340K
2 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin under 2%
- under 30 days cash on hand
- current ratio under 1.5
- occupancy below 30%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $10.9M |
| Operating margin | 1.8% |
| Total margin | 6.8% |
| Days cash on hand | 0 |
| Current ratio | 1.10 |
| Occupancy | 8% |
Facility
| Beds | 2 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 | 2 | $7.5M | $-1.2M | -22.9% | -15.5% | 0 | 1.16 | 2% | 9 | 79 |
| 2022 | 2 | $11.3M | $3.1M | 21.3% | 25.7% | 0 | 1.87 | 11% | 27 | 31 |
| 2023 | 2 | $10.5M | $905K | 1.3% | 8.0% | 0 | 0.60 | 12% | 28 | 51 |
| 2024 | 2 | $10.9M | $777K | 1.8% | 6.8% | 0 | 1.10 | 8% | 25 | 37 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ballad Health | 5% or greater indirect ownership interest | 100 | 2018-02 | |
| Alan Levine | corporate officer | 2018-02 | ||
| Alan Levine | corporate director | 2018-02 | ||
| Buford Deaton | corporate officer | 2018-02 | ||
| Buford Deaton | corporate director | 2018-02 | ||
| Gregory Wilgocki | corporate director | 2018-02 | ||
| Gregory Wilgocki | w-2 managing employee | 2018-02 | ||
| Julie Bennett | corporate officer | 2023-02 | ||
| Julie Bennett | corporate director | 2023-02 | ||
| Marvin Eichorn | corporate officer | 2018-02 | ||
| Marvin Eichorn | corporate director | 2018-02 | ||
| Shane Hilton | corporate officer | 2024-04 | ||
| Shane Hilton | corporate director | 2024-04 |
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 |