Pinewood Springs
Columbia, Maury County, TN
· CCN 444029
Licensed to Tristar Maury Behavioral Healthcare, Llc
Composite
61.9
rank score
Distress
59
FY2024
Fit
84
vs thesis
Estimated ticket
$14.0M–$56.1M
60 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- debt above 85% of assets
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- 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 | $16.4M |
| Operating margin | -27.3% |
| Total margin | -27.2% |
| Days cash on hand | — |
| Current ratio | 2.98 |
| Occupancy | 69% |
Facility
| Beds | 60 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 60 | $738K | $-5.0M | -682.2% | -677.4% | 0 | 0.64 | 21% | 273 | 89 |
| 2021 | 60 | $7.1M | $-5.9M | -90.2% | -77.7% | 0 | 1.08 | 35% | 949 | 76 |
| 2022 | 60 | $10.7M | $-4.5M | -43.4% | -41.1% | — | 2.13 | 46% | 1,112 | 60 |
| 2023 | 60 | $12.7M | $-6.4M | -50.3% | -50.1% | — | 2.90 | 62% | 1,859 | 57 |
| 2024 | 60 | $16.4M | $-4.5M | -27.3% | -27.2% | — | 2.98 | 69% | 2,206 | 59 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Maury County Behavioral Health, Llc | 5% or greater direct ownership interest | 80 | 2016-09 | |
| Hca Healthcare Inc | 5% or greater indirect ownership interest | 51 | 2016-09 | |
| Hca Inc | 5% or greater indirect ownership interest | 51 | 2016-09 | chain |
| Healthtrust Inc - The Hospital Company | 5% or greater indirect ownership interest | 51 | 2016-09 | |
| Hti Hospital Holdings Inc | 5% or greater indirect ownership interest | 51 | 2016-09 | |
| Maury County Government | 5% or greater indirect ownership interest | 49 | 2018-04 | |
| Tristar Maury Behavioral Healthcare, Llc | 5% or greater direct ownership interest | 20 | 2018-04 | |
| Frisco Holding Ii | 5% or greater indirect ownership interest | 16 | 2016-09 | |
| Hercules Holding Ii | 5% or greater indirect ownership interest | 14 | 2016-09 | |
| Benjamin Mcquiddy | corporate officer | 2024-09 | ||
| Benjamin Mcquiddy | w-2 managing employee | 2024-09 | ||
| Deborah Lumpkins | corporate officer | 2025-10 | ||
| Eric Smith | contracted managing employee | 2021-03 | ||
| Gregory Whitlock | corporate officer | 2025-10 | ||
| Martin Chaney | corporate officer | 2025-10 | ||
| Max Pittard | corporate officer | 2025-01 | ||
| Mitchell Edgeworth | corporate officer | 2021-01 | ||
| Tristar Maury Behavioral Healthcare, Llc | operational/managerial control | 2018-04 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.