Macon County General Hospital
dba Macon Community Hospital ·
Lafayette, Macon County, TN
· CCN 441305
Licensed to Macon County General Hospital Inc
Composite
37.0
rank score
Distress
29
FY2023
Fit
60
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- operating margin negative
- 90-150 days cash on hand
- current ratio under 1.5
- occupancy 30-45%
- margin slipping
- urban — higher occupancy and iteration surface
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $19.8M |
| Operating margin | -0.4% |
| Total margin | 2.3% |
| Days cash on hand | 109 |
| Current ratio | 1.27 |
| Occupancy | 35% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | urban |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $12.8M | $384K | -24.1% | 2.4% | 141 | 1.41 | 41% | 845 | 46 |
| 2021 | 25 | $15.8M | $2.2M | -9.4% | 11.4% | 117 | 1.50 | 37% | 754 | 32 |
| 2022 | 25 | $18.7M | $3.1M | -0.4% | 14.0% | 114 | 1.21 | 37% | 672 | 29 |
| 2023 | 25 | $19.8M | $474K | -0.4% | 2.3% | 109 | 1.27 | 35% | 621 | 29 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Barbara Painter | corporate officer | 2020-01 | ||
| Erin Evans | w-2 managing employee | 2021-12 | ||
| Glenn Hale | corporate officer | 1975-07 | ||
| Hanna Ilia | corporate officer | 2017-01 | ||
| Hugh Clark | corporate officer | 2012-11 | ||
| Julie Bilbrey | w-2 managing employee | 2018-12 | ||
| Linda Austin | corporate officer | 2012-11 | ||
| Michael Whittemore | corporate officer | 1975-07 | ||
| Olufemi Odunusi | corporate officer | 2012-11 | ||
| Ovation Health | operational/managerial control | 1975-07 | ||
| Paul Merklin | contracted managing employee | 2024-04 | ||
| Radford West | corporate officer | 2012-11 | ||
| Sandra Swindle | w-2 managing employee | 1984-01 | ||
| Scott Tongate | contracted managing employee | 2024-01 | ||
| Stanley Chunn | corporate officer | 2012-11 | ||
| Tammy Gregory | w-2 managing employee | 2012-11 |
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 |
|---|---|---|---|---|
| 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 |