Erlanger Bledsoe Hospital
Pikeville, Bledsoe County, TN
· CCN 441306
Licensed to Erlanger Health
Already transacted. CMS recorded an ownership change effective
2023-07-01. Confirm the current owner before spending a call on this.
Composite
11.0
rank score
Distress
28
FY2024
Fit
47
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- under 30 days cash on hand
- 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
- government-owned — public process likely
- changed ownership 2023-07-01 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $23.1M |
| Operating margin | 20.7% |
| Total margin | 21.6% |
| Days cash on hand | 1 |
| Current ratio | 2.24 |
| Occupancy | 21% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| 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 | 25 | $16.6M | $1.9M | 9.5% | 11.4% | 6 | 0.76 | 18% | 195 | 56 |
| 2022 | 25 | $19.1M | $3.7M | 17.4% | 19.0% | 14 | -3.45 | 21% | 200 | 44 |
| 2023 | 25 | $16.9M | $108K | -0.9% | 0.6% | 17 | 3.05 | 17% | 89 | 50 |
| 2024 | 25 | $23.1M | $5.0M | 20.7% | 21.6% | 1 | 2.24 | 21% | 147 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jeff Woodard | corporate officer | 2023-07 | ||
| Jim Coleman | corporate officer | 2023-07 | ||
| Lynn Dejaco | corporate officer | 2023-07 | ||
| Mike Shaver | w-2 managing employee | 2023-07 | ||
| Sheila Boyington | corporate director | 2023-07 | ||
| Vicky Gregg | corporate director | 2023-07 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2023-07-01 | change of ownership | Erlanger Health | Chattanooga Hamilton County... |
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 |