Our Lady Of The Lake Rmc
dba Fmol Health| Our Lady Of The Lake ·
Baton Rouge, LA
· CCN 190064
Licensed to Our Lady Of The Lake Hospital Inc
Composite
14.4
rank score
Distress
31
FY2024
Fit
55
vs thesis
Estimated ticket
$324M–$1.3B
647 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin under 2%
- 30-60 days cash on hand
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $1.4B |
| Operating margin | 0.8% |
| Total margin | 18.6% |
| Days cash on hand | 58 |
| Current ratio | 3.76 |
| Occupancy | 76% |
Facility
| Beds | 647 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 827 | $1.2B | $523M | -26.3% | 26.2% | 127 | 2.58 | 61% | 29,166 | 32 |
| 2022 | 777 | $1.3B | $-304M | -31.8% | -22.2% | 24 | 1.21 | 64% | 28,703 | 70 |
| 2023 | 647 | $1.3B | $221M | -2.7% | 14.1% | 4 | 2.18 | 68% | 29,577 | 38 |
| 2024 | 647 | $1.4B | $329M | 0.8% | 18.6% | 58 | 3.76 | 76% | 33,984 | 31 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Fmol-North American Providence Inc | 5% or greater direct ownership interest | 1966-07 | ||
| Franciscan Missionaries Of Our Lady Health System Inc | 5% or greater direct ownership interest | 1966-07 | ||
| Jennifer Clowers | corporate officer | 2022-08 | ||
| Jennifer Clowers | w-2 managing employee | 2022-08 | ||
| Scott Richard | operational/managerial control | 2024-07 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-03-01 | acquisition/merger | Our Lady Of The Lake Hospital Inc | Our Lady Of The Lake Ascension... |
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 |