West Jefferson Medical Center
Marrero, LA
· CCN 190039
Licensed to West Jefferson Holdings Llc
Composite
69.0
rank score
Distress
84
FY2023
Fit
78
vs thesis
Estimated ticket
$67.5M–$270M
193 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- margin deteriorating sharply
- 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 · FY2023
| Net patient revenue | $362M |
| Operating margin | -10.2% |
| Total margin | -2.0% |
| Days cash on hand | 0 |
| Current ratio | 0.19 |
| Occupancy | 78% |
Facility
| Beds | 193 |
| 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 | 189 | $278M | $14.3M | -12.7% | 4.4% | 53 | 0.79 | 72% | 9,433 | 69 |
| 2021 | 199 | $310M | $-2.2M | -11.5% | -0.7% | 3 | 0.52 | 73% | 10,023 | 82 |
| 2022 | 199 | $330M | $-10.1M | -11.9% | -2.8% | 4 | 0.36 | 77% | 10,555 | 82 |
| 2023 | 193 | $362M | $-7.9M | -10.2% | -2.0% | 0 | 0.19 | 78% | 10,726 | 84 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Louisiana Children's Medical Center | 5% or greater indirect ownership interest | 100 | 2015-10 | |
| West Jefferson Holdings Llc | 5% or greater direct ownership interest | 100 | 2015-10 | |
| Blair Constant | corporate director | 2021-11 | ||
| Chad Miller | w-2 managing employee | 2023-02 | ||
| Chad Miller | operational/managerial control | 2023-02 | ||
| David Andignac | corporate director | 2015-10 | ||
| Dwayne Munch | corporate director | 2015-10 | ||
| Frank Divincenti | corporate director | 2015-10 | ||
| Frederic Leclercq | corporate director | 2024-05 | ||
| Garett May | w-2 managing employee | 2025-04 | ||
| Garett May | operational/managerial control | 2025-04 | ||
| Gregory Feirn | corporate officer | 2015-10 | ||
| Gregory Feirn | corporate director | 2015-10 | ||
| Gregory Feirn | operational/managerial control | 2015-10 | ||
| Harry Cahill | corporate director | 2015-10 | ||
| James Cramond | corporate director | 2015-10 | ||
| Louisiana Children's Medical Center | other | 2015-10 | ||
| Rachel Spears | corporate director | 2021-01 | ||
| Scott Zainey | corporate director | 2025-01 | ||
| Timothy Kerner | corporate director | 2015-10 | ||
| West Jefferson Holdings Llc | operational/managerial control | 2015-10 | ||
| William Lazaro | corporate director | 2015-10 |
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 |