Ochsner American Legion Hospital
Jennings, Jeffrson Davis Parish County, LA
· CCN 190053
Licensed to Ochsner American Legion Hospital, Llc
Composite
62.5
rank score
Distress
90
FY2023
Fit
55
vs thesis
Estimated ticket
$3.4M–$6.9M
49 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current liabilities exceed current assets
- liabilities exceed assets
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $48.0M |
| Operating margin | -54.4% |
| Total margin | -22.4% |
| Days cash on hand | 21 |
| Current ratio | 0.89 |
| Occupancy | 47% |
Facility
| Beds | 49 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 49 | $44.5M | $767K | -17.1% | 1.3% | 59 | 5.56 | 56% | 2,089 | 50 |
| 2021 | 49 | $47.1M | $14.1M | -25.6% | 19.2% | 134 | 4.34 | 60% | 2,092 | 32 |
| 2022 | 49 | $32.5M | $9.4M | -30.0% | 17.6% | 20 | 1.50 | 52% | 1,639 | 57 |
| 2023 | 49 | $48.0M | $-13.6M | -54.4% | -22.4% | 21 | 0.89 | 47% | 2,380 | 90 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Lafayette General Health System Inc | 5% or greater direct ownership interest | 100 | 2022-04 | |
| Ochsner Clinic Foundation | 5% or greater indirect ownership interest | 100 | 2022-04 | |
| Al Patin | corporate director | 2022-04 | ||
| Al Patin | operational/managerial control | 2022-04 | ||
| Dana Williams | corporate officer | 2022-04 | ||
| Dana Williams | w-2 managing employee | 2022-04 | ||
| Dana Williams | operational/managerial control | 2022-04 | ||
| James Molloy | corporate officer | 2024-01 | ||
| Michael Hulefeld | corporate officer | 2022-04 | ||
| Ochsner Clinic Foundation | operational/managerial control | 2022-04 | ||
| Patrick Gandy | corporate director | 2022-04 | ||
| Patrick Gandy | operational/managerial control | 2022-04 | ||
| Peter November | corporate officer | 2022-04 | ||
| Roger Mattke | corporate officer | 2022-04 | ||
| Roger Mattke | other | 2022-04 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2022-04-01 | change of ownership | Ochsner American Legion Hospital, Llc | Jennings American Legion Hospital Inc |
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 |