Ochsner St. Mary
Morgan City, LA
· CCN 190014
Licensed to Ochsner Morgan City Llc
Composite
64.6
rank score
Distress
100
FY2023
Fit
49
vs thesis
Estimated ticket
$7.3M–$14.7M
105 beds ·
within envelope
Ownership
for-profit
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
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $36.2M |
| Operating margin | -22.7% |
| Total margin | -10.2% |
| Days cash on hand | 5 |
| Current ratio | 0.71 |
| Occupancy | 12% |
Facility
| Beds | 105 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 129 | $38.3M | $7.6M | -14.3% | 14.8% | 38 | 1.54 | 12% | 1,751 | 53 |
| 2021 | 129 | $38.6M | $2.0M | -5.6% | 4.6% | 5 | 11.89 | 16% | 1,699 | 53 |
| 2022 | 129 | $35.9M | $-10.6M | -34.8% | -28.0% | 4 | 0.92 | 12% | 1,392 | 96 |
| 2023 | 105 | $36.2M | $-4.1M | -22.7% | -10.2% | 5 | 0.71 | 12% | 919 | 100 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ochsner Clinic Foundation | 5% or greater direct ownership interest | 100 | 2019-10 | |
| James Molloy | corporate officer | 2024-01 | ||
| Jennifer Wise | corporate officer | 2023-05 | ||
| Jennifer Wise | w-2 managing employee | 2023-05 | ||
| Jennifer Wise | operational/managerial control | 2023-05 | ||
| Ochsner Clinic Foundation | operational/managerial control | 2019-10 | ||
| Peter November | corporate officer | 2019-10 | ||
| Timothy Riddell | corporate officer | 2026-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-10-01 | change of ownership | Ochsner Morgan City Llc | Phc-Morgan City Lp |
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 |