Regional One Health Extended Care Ho
dba Regional One Health Extended Care Hospital ·
Memphis, Shelby County, TN
· CCN 442017
Licensed to Regional Med Extended Care Hospital, Llc
Composite
34.1
rank score
Distress
10
FY2024
Fit
74
vs thesis
Estimated ticket
$9.0M–$36.0M
30 beds ·
within envelope
Ownership
nonprofit
LTCH
Why it ranks here
- current ratio under 1.5
- debt above 85% of assets
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $16.1M |
| Operating margin | 8.7% |
| Total margin | 7.8% |
| Days cash on hand | 206 |
| Current ratio | 1.40 |
| Occupancy | 60% |
Facility
| Beds | 30 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $300K |
| Per-bed (high) | $1.2M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 30 | $13.4M | $-2.0M | -14.7% | -14.7% | 115 | 1.87 | 68% | 231 | 57 |
| 2022 | 30 | $13.6M | $-2.2M | -17.1% | -16.1% | 57 | 1.44 | 63% | 225 | 76 |
| 2023 | 30 | $18.1M | $2.5M | 18.4% | 14.5% | 171 | 1.51 | 66% | 195 | 4 |
| 2024 | 30 | $16.1M | $1.2M | 8.7% | 7.8% | 206 | 1.40 | 60% | 190 | 10 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Shelby County Health Care Corporation | 5% or greater direct ownership interest | 100 | 2013-11 | |
| Leticia Towns | corporate director | 2024-06 | ||
| Linda Hughlett | corporate director | 2022-10 | ||
| Muthiah Muthiah | corporate director | 2024-04 | ||
| Phillip Underwood | corporate officer | 2023-09 | ||
| Phillip Underwood | w-2 managing employee | 2023-09 | ||
| Thomas Eubank | corporate director | 2019-04 |
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 |
|---|---|---|---|---|
| 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 |