St. Tammany Parish Hospital
dba St Tammany Parish Hospital ·
Covington, St. Tammany Parish County, LA
· CCN 190045
Licensed to St Tammany Parish Hospital Service District No 1
Composite
31.3
rank score
Distress
9
FY2023
Fit
68
vs thesis
Estimated ticket
$114M–$458M
229 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin under 2%
- margin slipping
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $463M |
| Operating margin | 1.7% |
| Total margin | 10.9% |
| Days cash on hand | 353 |
| Current ratio | 6.07 |
| Occupancy | 66% |
Facility
| Beds | 229 |
| 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 | 220 | $345M | $46.2M | -3.2% | 11.5% | 284 | 4.69 | 60% | 11,213 | 18 |
| 2021 | 213 | $396M | $33.8M | 3.0% | 8.2% | 301 | 5.42 | 73% | 11,899 | 0 |
| 2022 | 213 | $435M | $28.0M | 4.5% | 6.3% | 0 | 5.89 | 74% | 12,117 | 22 |
| 2023 | 229 | $463M | $55.6M | 1.7% | 10.9% | 353 | 6.07 | 66% | 14,503 | 9 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Nicole Goodwin | w-2 managing employee | 100 | 2000-01 | |
| Gregory Lemons | corporate director | 2000-01 | ||
| Joan Coffman | corporate officer | 2018-08 | ||
| Joan Coffman | w-2 managing employee | 2018-08 | ||
| John Evans | corporate director | 2000-01 | ||
| Sandra Dipietro | corporate officer | 2014-11 | ||
| Sue Osbon | corporate director | 2000-01 | ||
| Thomas Davis | corporate director | 2000-01 |
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 |