Richland Parish Hospital Service Dis
dba Richardson Medical Center ·
Rayville, Richland Parish County, LA
· CCN 190151
Licensed to Richland Parish Hospital Service District No 1-B
Composite
31.6
rank score
Distress
32
FY2023
Fit
43
vs thesis
Estimated ticket
$3.8M–$7.6M
38 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin -10% to -5%
- 90-150 days cash on hand
- occupancy below 30%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $24.8M |
| Operating margin | -6.5% |
| Total margin | 8.6% |
| Days cash on hand | 143 |
| Current ratio | 12.56 |
| Occupancy | 14% |
Facility
| Beds | 38 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 38 | $16.0M | $488K | -47.0% | 2.0% | 170 | 6.08 | 14% | 444 | 37 |
| 2021 | 38 | $22.2M | $4.1M | -16.8% | 13.7% | 125 | 7.95 | 20% | 547 | 41 |
| 2022 | 38 | $21.5M | $1.7M | -22.5% | 6.0% | 159 | 12.84 | 17% | 484 | 37 |
| 2023 | 38 | $24.8M | $2.5M | -6.5% | 8.6% | 143 | 12.56 | 14% | 372 | 32 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Donna Eldridge | corporate officer | 100 | 2022-01 | |
| Karl Broussard | w-2 managing employee | 100 | 2025-04 | |
| Richland Open Mri Llc | 5% or greater direct ownership interest | 2009-07 | ||
| Richland Parish Hospital Service District No 1-B | operational/managerial control | 1966-10 |
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 |