St. Patrick Hospital
dba Christus Ochsner St Patrick Hospital ·
Lake Charles, Calcasieu Parish County, LA
· CCN 190027
Licensed to Christus Health Southwestern Louisiana
Composite
52.9
rank score
Distress
44
FY2024
Fit
78
vs thesis
Estimated ticket
$50.0M–$200M
100 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- margin slipping
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $172M |
| Operating margin | -4.1% |
| Total margin | -0.2% |
| Days cash on hand | 10 |
| Current ratio | 2.22 |
| Occupancy | 65% |
Facility
| Beds | 100 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 100 | $152M | $1.1M | -12.6% | 0.6% | 163 | 6.83 | 67% | 4,935 | 31 |
| 2022 | 100 | $171M | $-7.1M | -14.7% | -3.8% | 35 | 1.27 | 65% | 4,920 | 60 |
| 2023 | 100 | $189M | $-1.2M | -7.4% | -0.6% | 35 | 4.49 | 68% | 5,659 | 47 |
| 2024 | 100 | $172M | $-443K | -4.1% | -0.2% | 10 | 2.22 | 65% | 5,917 | 44 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Christus Health | 5% or greater direct ownership interest | 60 | 1999-02 | chain |
| Ochsner Clinic Foundation | 5% or greater direct ownership interest | 40 | 2018-09 | |
| Charles Daigle | corporate director | 2023-01 | ||
| Dennis Stine | corporate director | 2018-09 | ||
| Fadi Nasrallah | corporate director | 2024-02 | ||
| James Davidson | corporate officer | 2021-02 | ||
| James Davidson | w-2 managing employee | 2021-02 | ||
| Matthew Block | corporate director | 2024-01 | ||
| Monte Wilson | corporate officer | 2025-10 | ||
| Monte Wilson | corporate director | 2025-10 | ||
| Nikki Martin | corporate officer | 2021-06 | ||
| Sonia Acosta | corporate director | 2024-09 |
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 |