Abbeville General Hospital
Abbeville, Vermilion Parish County, LA
· CCN 190034
Licensed to Abbeville General Hospital
Composite
25.6
rank score
Distress
15
FY2023
Fit
47
vs thesis
Estimated ticket
$4.4M–$8.8M
44 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin under 2%
- 90-150 days cash on hand
- occupancy 30-45%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $72.1M |
| Operating margin | 0.8% |
| Total margin | 8.4% |
| Days cash on hand | 106 |
| Current ratio | 4.90 |
| Occupancy | 37% |
Facility
| Beds | 44 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 44 | $53.7M | $3.8M | -4.8% | 6.4% | 143 | 1.91 | 36% | 1,464 | 26 |
| 2021 | 44 | $59.2M | $9.3M | -4.7% | 12.7% | 90 | 3.44 | 43% | 1,524 | 31 |
| 2022 | 44 | $68.5M | $8.8M | 3.4% | 11.7% | 98 | 4.78 | 41% | 1,442 | 10 |
| 2023 | 44 | $72.1M | $6.6M | 0.8% | 8.4% | 106 | 4.90 | 37% | 1,454 | 15 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brittany Thibodeaux | corporate officer | 2017-10 | ||
| Chuck Guidry | corporate officer | 2017-10 | ||
| Dondi Arceneaux | corporate officer | 2022-02 | ||
| Heidi Broussard | corporate officer | 2017-10 | ||
| Michael Bertrand | corporate officer | 2022-05 | ||
| Michael Bertrand | corporate director | 2022-05 | ||
| Thomas Pigott | corporate officer | 2022-02 | ||
| William Hair | w-2 managing employee | 2004-01 | ||
| William Hair | operational/managerial control | 2013-09 |
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 |