Hancock County Hospital
Sneedville, Hancock County, TN
· CCN 441313
Licensed to Wellmont Health System
Composite
29.8
rank score
Distress
28
FY2024
Fit
43
vs thesis
Estimated ticket
$850K–$1.7M
10 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- 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 | $8.2M |
| Operating margin | 9.2% |
| Total margin | 11.6% |
| Days cash on hand | 0 |
| Current ratio | 3.97 |
| Occupancy | 7% |
Facility
| Beds | 10 |
| 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 | 10 | $5.0M | $-2.0M | -45.9% | -37.3% | 0 | 1.25 | 9% | 91 | 83 |
| 2022 | 10 | $8.0M | $1.1M | 13.6% | 14.1% | 0 | 2.05 | 12% | 141 | 31 |
| 2023 | 10 | $7.2M | $-463K | -7.9% | -6.4% | 0 | 2.16 | 8% | 98 | 66 |
| 2024 | 10 | $8.2M | $982K | 9.2% | 11.6% | 0 | 3.97 | 7% | 93 | 28 |
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 |