North Louisiana Medical Center
dba Northern Louisiana Medical Center ·
Ruston, Lincoln Parish County, LA
· CCN 190086
Licensed to Clhg-Ruston Llc
Composite
60.6
rank score
Distress
91
FY2023
Fit
49
vs thesis
Estimated ticket
$8.5M–$17.1M
122 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $62.7M |
| Operating margin | -8.2% |
| Total margin | -4.4% |
| Days cash on hand | 1 |
| Current ratio | 0.59 |
| Occupancy | 28% |
Facility
| Beds | 122 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| 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 | 122 | $16.4M | $488K | 2.3% | 2.9% | 17 | -1.44 | 34% | 802 | 41 |
| 2021 | 122 | $63.0M | $1.6M | -4.8% | 2.4% | 0 | 7.63 | 36% | 3,024 | 48 |
| 2022 | 122 | $56.1M | $-14.2M | -19.1% | -27.0% | 0 | 0.65 | 29% | 2,483 | 100 |
| 2023 | 122 | $62.7M | $-2.9M | -8.2% | -4.4% | 1 | 0.59 | 28% | 2,833 | 91 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kathy Hall | corporate director | 100 | 2022-09 | |
| Kathy Hall | w-2 managing employee | 100 | 2022-09 | |
| Rock Bordelon | 5% or greater direct ownership interest | 100 | 2020-07 | |
| Allegiance Health Management Inc | operational/managerial control | 2020-07 | ||
| Donald Cameron | corporate officer | 2020-07 | ||
| Donald Cameron | corporate director | 2020-07 | ||
| Donald Cameron | operational/managerial control | 2020-07 | ||
| Rock Bordelon | corporate officer | 2020-07 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-07-01 | change of ownership | Clhg-Ruston Llc | Ruston Louisiana Hospital Company Llc |
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 |