Lauderdale Community Hospital
Ripley, Lauderdale County, TN
· CCN 441314
Licensed to Lauderdale Community Hospital Llc
Composite
66.2
rank score
Distress
100
FY2023
Fit
53
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
for-profit
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- 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
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $11.3M |
| Operating margin | -54.0% |
| Total margin | -47.0% |
| Days cash on hand | 4 |
| Current ratio | 0.63 |
| Occupancy | 26% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | for-profit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $12.2M | $-2.3M | -27.5% | -17.6% | 96 | 0.75 | 31% | 170 | 79 |
| 2021 | 25 | $13.8M | $3.5M | -8.0% | 18.9% | 6 | 1.56 | 21% | 162 | 58 |
| 2022 | 25 | $13.4M | $-781K | -12.5% | -5.5% | 17 | 2.72 | 31% | 102 | 68 |
| 2023 | 25 | $11.3M | $-5.6M | -54.0% | -47.0% | 4 | 0.63 | 26% | 109 | 100 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Rhg Consolidated Llc | 5% or greater direct ownership interest | 100 | 2021-01 | |
| Stone Bank | 5% or greater security interest | 94 | 2021-01 | |
| Dennis Davis | 5% or greater indirect ownership interest | 17 | 2021-10 | |
| Lawrence Arthur | 5% or greater indirect ownership interest | 17 | 2021-01 | |
| Trent Skaggs | 5% or greater indirect ownership interest | 17 | 2021-01 | |
| Trent Skaggs | corporate officer | 17 | 2021-01 | |
| Trent Skaggs | corporate director | 17 | 2021-01 | |
| Trent Skaggs | operational/managerial control | 17 | 2021-01 | |
| Darrel Morris | 5% or greater indirect ownership interest | 16 | 2021-01 | |
| Darrel Morris | corporate officer | 16 | 2021-01 | |
| Darrel Morris | corporate director | 16 | 2021-01 | |
| Darrel Morris | operational/managerial control | 16 | 2021-01 | |
| Lg Medical Llc | 5% or greater indirect ownership interest | 13 | 2021-01 | |
| Paul Guastello | 5% or greater indirect ownership interest | 13 | 2021-01 | |
| Brent Lagergren | 5% or greater indirect ownership interest | 6 | 2021-01 | |
| Brent Lagergren | corporate officer | 6 | 2021-01 | |
| Phyllis Shaffer | 5% or greater indirect ownership interest | 6 | 2024-12 | |
| Billy May | 5% or greater indirect ownership interest | 6 | 2021-01 | |
| Billy May | corporate officer | 6 | 2021-01 | |
| Billy May | corporate director | 6 | 2021-01 | |
| Billy May | operational/managerial control | 6 | 2021-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2021-01-01 | change of ownership | Lauderdale Community Hospital Llc | Cah Acquisition Company 11 Llc |
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 |