Houston County Community Hospital
Erin, Houston County, TN
· CCN 441322
Licensed to Shamrock Community Hospital Inc
Composite
64.7
rank score
Distress
94
FY2023
Fit
56
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 below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $14.8M |
| Operating margin | -145.4% |
| Total margin | -145.6% |
| Days cash on hand | 0 |
| Current ratio | 0.29 |
| Occupancy | 48% |
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 | $10.8M | $142K | -31.6% | 1.0% | 47 | 1.02 | 9% | 141 | 71 |
| 2022 | 25 | $13.1M | $2.0M | 10.6% | 14.6% | 61 | 2.26 | 20% | 283 | 19 |
| 2023 | 25 | $14.8M | $-21.5M | -145.4% | -145.6% | 0 | 0.29 | 48% | 124 | 94 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Braden Health Inc | 5% or greater direct ownership interest | 100 | 2022-08 | |
| Beau Braden | 5% or greater direct ownership interest | 2022-08 | ||
| Beau Braden | corporate officer | 2022-08 | ||
| Beau Braden | corporate director | 2022-08 | ||
| Brooks Braden | 5% or greater direct ownership interest | 2022-08 | ||
| Joseph Rivera | corporate director | 2022-08 | ||
| Kyle Kopec | corporate director | 2022-08 | ||
| Larry Henson | corporate officer | 2022-08 | ||
| Richard Matthews | corporate director | 2022-08 | ||
| William Lomax | w-2 managing employee | 2023-02 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2022-08-01 | change of ownership | Shamrock Community Hospital Inc | Houston County Community Hospital |
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 |