Minden Medical Center
Minden, Webster Parish County, LA
· CCN 190144
Licensed to Clhg - Minden, Llc
Composite
47.8
rank score
Distress
59
FY2024
Fit
53
vs thesis
Estimated ticket
$11.0M–$21.9M
129 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
- occupancy below 30%
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $58.5M |
| Operating margin | -5.8% |
| Total margin | -4.7% |
| Days cash on hand | 0 |
| Current ratio | 1.85 |
| Occupancy | 14% |
Facility
| Beds | 129 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 123 | $53.5M | $-11.5M | -22.1% | -21.4% | 46 | 1.20 | 21% | 2,255 | 84 |
| 2022 | 123 | $49.9M | $-1.2M | -7.5% | -2.3% | 240 | 12.04 | 17% | 1,684 | 39 |
| 2023 | 123 | $53.3M | $-1.1M | -3.1% | -2.1% | 0 | 1.39 | 18% | 1,593 | 58 |
| 2024 | 129 | $58.5M | $-2.8M | -5.8% | -4.7% | 0 | 1.85 | 14% | 1,908 | 59 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Leonard Cox | corporate officer | 100 | 2023-01 | |
| Leonard Cox | corporate director | 100 | 2023-01 | |
| Leonard Cox | w-2 managing employee | 100 | 2023-01 | |
| Leonard Cox | operational/managerial control | 100 | 2023-01 | |
| Rock Bordelon | 5% or greater direct ownership interest | 80 | 2018-08 | |
| Cameron Investments Llc | 5% or greater direct ownership interest | 16 | 2018-08 | |
| Donald Cameron | 5% or greater indirect ownership interest | 16 | 2018-08 | |
| Allegiance Health Management Inc | operational/managerial control | 2018-08 | ||
| Donald Cameron | corporate officer | 2018-08 | ||
| Donald Cameron | operational/managerial control | 2018-08 | ||
| Rock Bordelon | corporate officer | 2018-08 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2018-08-01 | change of ownership | Clhg - Minden, Llc | Phc - Minden, Lp |
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 |