Kindred Hospital Chattanooga
dba Kindred Hospital - Chattanooga ·
Chattanooga, Hamilton County, TN
· CCN 442007
Licensed to Kindred Hospitals Limited Partnership
Composite
64.5
rank score
Distress
75
FY2024
Fit
77
vs thesis
Estimated ticket
$9.2M–$37.0M
44 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- liabilities exceed assets
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- small but workable bed count
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $18.0M |
| Operating margin | -13.6% |
| Total margin | -9.5% |
| Days cash on hand | — |
| Current ratio | 2.92 |
| Occupancy | 62% |
Facility
| Beds | 44 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $210K |
| Per-bed (high) | $840K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 44 | $19.7M | $1.5M | 7.3% | 7.4% | 0 | 0.79 | 67% | 365 | 43 |
| 2022 | 44 | $19.0M | $-166K | -3.8% | -0.8% | 0 | 1.40 | 66% | 298 | 57 |
| 2023 | 44 | $18.0M | $-2.0M | -12.2% | -10.8% | 0 | 1.85 | 62% | 304 | 78 |
| 2024 | 44 | $18.0M | $-1.8M | -13.6% | -9.5% | — | 2.92 | 62% | 271 | 75 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kentucky Hospital Holdings Jv Lp | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kentucky Hospital Holdings Llc | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kentucky Hospital Intermediate Llc | 5% or greater indirect ownership interest | 100 | 2018-07 | |
| Kindred Healthcare Llc | 5% or greater indirect ownership interest | 100 | 2015-04 | |
| Kindred Healthcare Operating Llc | 5% or greater direct ownership interest | 100 | 2010-06 | |
| Knight Health Holdings Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Knight Health Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Knight Intermediate Holdings Llc | 5% or greater indirect ownership interest | 100 | 2021-12 | |
| Kindred Hospitals West Llc | limited partnership interest | 98 | 1998-03 | |
| Kindred Hospitals West Llc | general partnership interest | 1 | 2010-06 | |
| Kindred Nursing Centers Limited Partnership | general partnership interest | 1 | 1998-11 | |
| Dana Rock | corporate officer | 2024-12 | ||
| Deanna Schiavone | corporate officer | 2023-11 | ||
| Jacquelyn Davis | w-2 managing employee | 2023-12 | ||
| Johnetta Traylor | corporate officer | 2024-12 | ||
| Mark Laroche | corporate officer | 2025-09 | ||
| Michael Bean | corporate officer | 2015-04 | ||
| Scott Graeser | corporate officer | 2025-09 |
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 |
|---|---|---|---|---|
| 2025-08-01 | Select Specialty Hospital - Memphis, Inc. | Baptist Memorial Regional... | Baptist Mem Restorative Care Hosp. | 30 |
| 2018-01-01 | Select Specialty Hospital - North... | Select Specialty Hospital - Knoxville, Inc. | Ssh -North Knoxville | 65 |