Slidell Memorial Hospital
Slidell, St. Tammany Parish County, LA
· CCN 190040
Licensed to Slidell Memorial Hospital
Composite
36.0
rank score
Distress
32
FY2023
Fit
54
vs thesis
Estimated ticket
$150M–$602M
301 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin -10% to -5%
- 90-150 days cash on hand
- occupancy 30-45%
- margin slipping
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size well above the envelope
- thin occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $312M |
| Operating margin | -9.8% |
| Total margin | 3.6% |
| Days cash on hand | 102 |
| Current ratio | 1.66 |
| Occupancy | 44% |
Facility
| Beds | 301 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 231 | $173M | $10.6M | -27.4% | 4.6% | 150 | 2.11 | 41% | 8,135 | 33 |
| 2021 | 231 | $191M | $3.4M | -19.9% | 1.5% | 123 | 2.17 | 46% | 9,068 | 38 |
| 2022 | 231 | $237M | $4.6M | -8.4% | 1.7% | 105 | 2.04 | 44% | 8,893 | 36 |
| 2023 | 301 | $312M | $12.8M | -9.8% | 3.6% | 102 | 1.66 | 44% | 10,393 | 32 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Georgia Johnson | corporate director | 2018-11 | ||
| Joseph Digiovanni | corporate director | 2016-10 | ||
| Kristen Stanley-Wallace | corporate director | 2019-07 | ||
| Larry Englande | corporate director | 2020-01 | ||
| Matthew Mcelveen | corporate director | 2022-01 | ||
| Patrick Bolander | corporate officer | 2021-03 | ||
| Patrick Bolander | w-2 managing employee | 2021-03 | ||
| Robert Mercadel | corporate director | 2020-01 | ||
| Sandra Badinger | corporate officer | 2021-03 | ||
| Sandra Badinger | w-2 managing employee | 2019-12 | ||
| Shawn Paretti | corporate director | 2019-07 | ||
| Slidell Memorial Hospital | 5% or greater direct ownership interest | 1966-07 | ||
| Tommy Morris | corporate director | 2021-07 | ||
| Walter Lane | corporate director | 2021-01 |
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 |