West Calcasieu-Cameron Hospital
dba West Calcasieu Cameron Hospital ·
Sulphur, LA
· CCN 190013
Licensed to Calcasieu Cameron Hospital Service District
Composite
58.1
rank score
Distress
73
FY2023
Fit
63
vs thesis
Estimated ticket
$37.5M–$150M
107 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- current ratio under 1.5
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $60.8M |
| Operating margin | -58.5% |
| Total margin | -2.1% |
| Days cash on hand | 12 |
| Current ratio | 1.14 |
| Occupancy | 18% |
Facility
| Beds | 107 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| 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 | 107 | $50.7M | $7.2M | -56.2% | 8.2% | 10 | 0.92 | 25% | 2,262 | 68 |
| 2021 | 107 | $60.9M | $-1.5M | -48.6% | -1.7% | 13 | 0.75 | 29% | 2,236 | 80 |
| 2022 | 107 | $59.6M | $3.4M | -46.8% | 3.8% | 10 | 0.79 | 20% | 1,959 | 72 |
| 2023 | 107 | $60.8M | $-2.0M | -58.5% | -2.1% | 12 | 1.14 | 18% | 1,788 | 73 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Calcasieu Cameron Hospital Service District | operational/managerial control | 100 | 2013-03 | |
| Janie Fruge | corporate officer | 100 | 2013-07 | |
| Janie Fruge | w-2 managing employee | 100 | 2013-07 | |
| Janie Fruge | operational/managerial control | 100 | 2013-07 | |
| Jobie James | corporate officer | 100 | 2014-05 | |
| Jobie James | w-2 managing employee | 100 | 2014-05 | |
| Jobie James | operational/managerial control | 100 | 2014-05 | |
| Cecil Sanner | corporate director | 20 | 2024-08 | |
| Ellis Hassien | corporate director | 20 | 2025-04 | |
| Mark Mcmurry | corporate director | 20 | 2022-12 | |
| Robert Davidson | corporate director | 20 | 2000-01 | |
| Robert Letard | corporate director | 20 | 2005-02 |
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 |