Marshall Medical Center
Lewisburg, Marshall County, TN
· CCN 441309
Licensed to Maury Regional Hospital Marshall Medical Center
Composite
54.8
rank score
Distress
80
FY2024
Fit
47
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- debt above 70% of assets
- 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
Latest financials · FY2024
| Net patient revenue | $35.5M |
| Operating margin | -23.0% |
| Total margin | -5.8% |
| Days cash on hand | 14 |
| Current ratio | 0.52 |
| Occupancy | 21% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $25.1M | $-1.7M | -13.6% | -6.3% | 188 | 1.38 | 21% | 239 | 52 |
| 2022 | 25 | $30.2M | $766K | -5.6% | 2.3% | 185 | 1.42 | 22% | 319 | 34 |
| 2023 | 30 | $29.5M | $-4.4M | -28.0% | -13.3% | 89 | 0.97 | 16% | 180 | 77 |
| 2024 | 25 | $35.5M | $-2.4M | -23.0% | -5.8% | 14 | 0.52 | 21% | 167 | 80 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Gregory Whitlock | corporate director | 2018-04 | ||
| Gregory Whitlock | w-2 managing employee | 2018-04 | ||
| Richard Schefke | operational/managerial control | 2025-03 |
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 |