University Medical Ctr. At New Orlea
dba University Medical Center New Orleans ·
New Orleans, Orleans Parish County, LA
· CCN 190005
Licensed to University Medical Center Management Corporation
Composite
71.3
rank score
Distress
92
FY2023
Fit
70
vs thesis
Estimated ticket
$108M–$434M
310 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $668M |
| Operating margin | -27.2% |
| Total margin | -12.7% |
| Days cash on hand | 0 |
| Current ratio | 0.33 |
| Occupancy | 68% |
Facility
| Beds | 310 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 310 | $701M | $16.2M | -8.8% | 2.2% | 62 | 0.64 | 77% | 13,224 | 57 |
| 2021 | 310 | $689M | $-3.2M | -15.7% | -0.4% | 28 | 0.62 | 79% | 11,774 | 82 |
| 2022 | 310 | $671M | $-671K | -22.4% | -0.1% | 5 | 0.62 | 72% | 10,387 | 82 |
| 2023 | 310 | $668M | $-91.5M | -27.2% | -12.7% | 0 | 0.33 | 68% | 10,728 | 92 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Louisiana Children's Medical Center | 5% or greater indirect ownership interest | 100 | 2013-06 | chain |
| University Medical Center Management Corporation | 5% or greater direct ownership interest | 100 | 2013-06 | |
| University Medical Center Management Corporation | operational/managerial control | 100 | 2013-06 | |
| Alden Mcdonald | corporate director | 2013-06 | ||
| Christine Bond | w-2 managing employee | 2022-08 | ||
| Christine Bond | operational/managerial control | 2022-08 | ||
| Daniel Foley | corporate director | 2021-06 | ||
| Darryl Berger | corporate director | 2013-10 | ||
| Edward Helm | corporate director | 2020-09 | ||
| Elaine Abell | corporate director | 2013-06 | ||
| Gregory Feirn | corporate director | 2015-08 | ||
| Jack Andonie | corporate director | 2020-09 | ||
| Jaimme Collins | corporate director | 2013-10 | ||
| Mary Werner | corporate director | 2021-06 | ||
| Michael Griffin | corporate director | 2025-05 | ||
| Patrick Greiffenstein | corporate director | 2023-11 | ||
| Ruth Shapiro Kullman | corporate director | 2024-04 | ||
| Stephen Sontheimer | corporate director | 2020-09 | ||
| Thomas Patrias | corporate officer | 2025-08 | ||
| Thomas Patrias | w-2 managing employee | 2025-08 | ||
| Thomas Patrias | operational/managerial control | 2025-08 |
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 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 |