Touro Infirmary
New Orleans, LA
· CCN 190046
Licensed to Touro Infirmary
Composite
58.3
rank score
Distress
70
FY2023
Fit
67
vs thesis
Estimated ticket
$94.5M–$378M
270 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size at the top of the envelope — would need leverage
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $368M |
| Operating margin | -15.8% |
| Total margin | -6.8% |
| Days cash on hand | 0 |
| Current ratio | -1.77 |
| Occupancy | 46% |
Facility
| Beds | 270 |
| 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 | 260 | $246M | $-57.5M | -34.8% | -21.0% | 85 | 1.38 | 55% | 9,004 | 60 |
| 2021 | 271 | $329M | $-7.1M | -7.9% | -2.0% | 41 | 1.00 | 53% | 7,926 | 52 |
| 2022 | 270 | $369M | $-14.1M | -3.7% | -3.9% | 15 | 4.51 | 47% | 7,589 | 52 |
| 2023 | 270 | $368M | $-26.9M | -15.8% | -6.8% | 0 | -1.77 | 46% | 7,811 | 70 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Louisiana Children's Medical Center | 5% or greater direct ownership interest | 100 | 2009-07 | |
| Brook Davis | corporate director | 2024-05 | ||
| Candace Robinson | w-2 managing employee | 2024-07 | ||
| Caroline Good | corporate director | 2024-05 | ||
| Chad Miller | corporate officer | 2025-02 | ||
| Chad Miller | w-2 managing employee | 2025-07 | ||
| Chad Miller | operational/managerial control | 2025-02 | ||
| Christoph Lege | corporate director | 2024-01 | ||
| Christoph Lege | w-2 managing employee | 2024-01 | ||
| Christoph Lege | operational/managerial control | 2024-01 | ||
| Crystal Mcdonald | corporate director | 2022-05 | ||
| Jasmine Brown | corporate director | 2024-01 | ||
| Jill Isreal | corporate director | 2017-01 | ||
| John Sillars | corporate director | 2024-05 | ||
| Julian Good | corporate director | 2022-05 | ||
| Julie Silbert | corporate director | 2022-05 | ||
| Kathryn Lichtenberg | corporate director | 2018-01 | ||
| Kim Boyle | corporate director | 2008-02 | ||
| Larry Lovell | corporate director | 2024-05 | ||
| Louis Dutreil | corporate director | 2024-01 | ||
| Louisiana Children's Medical Center | operational/managerial control | 2009-07 | ||
| Mara Baumgarten | corporate director | 2008-01 | ||
| Robin Giarrusso | corporate director | 2024-05 | ||
| Steven Yellin | corporate director | 2018-01 |
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 |