Pathways Of Tn Inc.
Jackson, Madison County, TN
· CCN 444010
Licensed to Pathways Of Tennessee Inc
Composite
59.0
rank score
Distress
68
FY2024
Fit
71
vs thesis
Estimated ticket
$5.8M–$23.4M
25 beds ·
within envelope
Ownership
government
PH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- occupancy 45-60%
- margin deteriorating
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $14.5M |
| Operating margin | -114.3% |
| Total margin | -11.2% |
| Days cash on hand | 1 |
| Current ratio | 1.61 |
| Occupancy | 50% |
Facility
| Beds | 25 |
| Facility type | PH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $234K |
| Per-bed (high) | $935K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $12.0M | $-1.9M | -88.3% | -9.0% | 1 | -0.60 | 76% | 1,461 | 80 |
| 2022 | 25 | $13.2M | $280K | -72.9% | 1.2% | 1 | -0.56 | 58% | 1,066 | 69 |
| 2023 | 25 | $12.4M | $-2.8M | -109.8% | -12.0% | 2 | -1.91 | 62% | 1,191 | 80 |
| 2024 | 25 | $14.5M | $-3.1M | -114.3% | -11.2% | 1 | 1.61 | 50% | 922 | 68 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Charlotte Burch | corporate director | 2024-08 | ||
| Curtis Mansfield | corporate director | 2024-08 | ||
| Danny Wheeler | corporate director | 2024-08 | ||
| Jeffrey Blankenship | corporate officer | 2024-08 | ||
| Jeffrey Blankenship | w-2 managing employee | 2010-02 | ||
| Phil Bryant | corporate director | 2024-08 | ||
| Ray Washington | corporate director | 2024-08 | ||
| Tina Prescott | corporate officer | 2024-09 | ||
| Tina Prescott | w-2 managing employee | 2024-09 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.