Glenwood Regional Medical Center
West Monroe, Ouachita Parish County, LA
· CCN 190160
Licensed to Hsa Glenwood Llc
Already transacted. CMS recorded an ownership change effective
2024-10-30. Confirm the current owner before spending a call on this.
Composite
22.6
rank score
Distress
79
FY2024
Fit
73
vs thesis
Estimated ticket
$74.2M–$297M
212 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- current liabilities exceed current assets
- occupancy 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- for-profit — no charitable conversion review
- changed ownership 2024-10-30 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $151M |
| Operating margin | -10.5% |
| Total margin | -8.6% |
| Days cash on hand | — |
| Current ratio | 0.83 |
| Occupancy | 33% |
Facility
| Beds | 212 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 214 | $160M | $10.9M | -6.0% | 6.0% | 5 | 15.26 | 55% | 10,426 | 47 |
| 2022 | 214 | $178M | $-7.3M | -7.4% | -4.0% | 1 | 0.94 | 52% | 10,212 | 68 |
| 2023 | 218 | $185M | $-3.0M | -5.9% | -1.6% | 0 | 1.35 | 43% | 9,267 | 61 |
| 2024 | 212 | $151M | $-13.2M | -10.5% | -8.6% | — | 0.83 | 33% | 6,286 | 79 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hsa Glenwood Llc | 5% or greater direct ownership interest | 100 | 2024-10 | |
| Mike Sarian | 5% or greater indirect ownership interest | 100 | 2024-10 | |
| Aimee Gill | operational/managerial control | 2024-10 | ||
| Meredith Miller | corporate officer | 2024-11 | ||
| Meredith Miller | w-2 managing employee | 2024-11 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-10-30 | change of ownership | Hsa Glenwood Llc | Iasis Glenwood Regional... |
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 |