Thibodaux Regional Health System
dba Thibodaux Regional Medical Center ·
Thibodaux, Lafourche Parish County, LA
· CCN 190004
Licensed to Thibodaux Regional Health System Inc
Composite
44.2
rank score
Distress
36
FY2023
Fit
70
vs thesis
Estimated ticket
$85.0M–$340M
170 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin under 2%
- 30-60 days cash on hand
- occupancy 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $270M |
| Operating margin | 0.9% |
| Total margin | 14.8% |
| Days cash on hand | 47 |
| Current ratio | 5.61 |
| Occupancy | 40% |
Facility
| Beds | 170 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 164 | $193M | $64.9M | 0.9% | 24.1% | 35 | 6.06 | 38% | 6,789 | 33 |
| 2021 | 164 | $229M | $43.5M | 1.7% | 15.2% | 27 | 4.67 | 44% | 7,372 | 39 |
| 2022 | 164 | $245M | $39.4M | -1.7% | 12.6% | 24 | 5.06 | 49% | 7,509 | 44 |
| 2023 | 170 | $270M | $49.2M | 0.9% | 14.8% | 47 | 5.61 | 40% | 6,759 | 36 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Gregory Stock | corporate officer | 50 | 2019-10 | |
| Gregory Stock | w-2 managing employee | 50 | 2019-10 | |
| David Elias | corporate director | 2018-11 | ||
| Harold Block | corporate director | 2025-03 | ||
| Jacob Giardina | corporate director | 2018-11 | ||
| Jacob Giardina | operational/managerial control | 2018-11 | ||
| Obie Hill | corporate director | 2018-11 | ||
| Raja Talluri | corporate director | 2018-11 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-10-01 | change of ownership | Thibodaux Regional Health System Inc | Hospital Service District No. 3 |
Who has been buying in LA
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 |
|---|---|---|---|---|
| 2024-10-30 | Hsa Glenwood Llc | Iasis Glenwood Regional Medical Center Lp | Glenwood Regional Medical Center | 212 |
| 2022-04-01 | Ochsner American Legion Hospital, Llc | Jennings American Legion Hospital Inc | Ochsner American Legion Hospital | 49 |
| 2020-07-01 | Clhg-Ruston Llc | Ruston Louisiana Hospital Company Llc | North Louisiana Medical Center | 122 |
| 2019-10-01 | Thibodaux Regional Health System Inc | Hospital Service District No. 3 | Thibodaux Regional Health System | 170 |
| 2019-10-01 | Ochsner Morgan City Llc | Phc-Morgan City Lp | Ochsner St. Mary | 105 |
| 2019-03-01 | Our Lady Of Lourdes Regional... | The Regional Health System Of Acadiana, Llc | Our Lady Of Lourdes Rmc | 383 |
| 2019-03-01 | Our Lady Of The Lake Hospital Inc | Our Lady Of The Lake Ascension... | Our Lady Of The Lake Rmc | 647 |
| 2018-10-01 | University Health Shreveport, Llc | Brfhh Shreveport Llc | Ochsner Lsu Health Shreveport | 237 |
| 2018-09-01 | St Francis Medical Center Inc | P & S Surgery Center Llc | St. Francis Medical Center | 332 |
| 2018-08-01 | Clhg - Minden, Llc | Phc - Minden, Lp | Minden Medical Center | 129 |
| 2018-08-01 | Clhg-Ville Platte Llc | Ville Platte Medical Center Llc | Mercy Regional Medical Center | 27 |
| 2017-10-01 | Willis Knighton Medical Center, Inc. | Willis Knighton Medical Center, Inc. | Willis-Knighton Health Systems | 674 |