Byrd Regional Hospital
Leesville, Vernon Parish County, LA
· CCN 190164
Licensed to Clhg-Leesville
Composite
37.9
rank score
Distress
37
FY2024
Fit
53
vs thesis
Estimated ticket
$3.9M–$7.8M
39 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 30-45%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $69.7M |
| Operating margin | 7.6% |
| Total margin | 12.2% |
| Days cash on hand | 21 |
| Current ratio | -2.17 |
| Occupancy | 32% |
Facility
| Beds | 39 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 43 | $46.5M | $3.3M | -8.7% | 6.2% | 21 | -0.81 | 51% | 1,494 | 60 |
| 2022 | 39 | $55.4M | $11.2M | 12.1% | 18.7% | 0 | -179.29 | 37% | 1,155 | 41 |
| 2023 | 39 | $61.1M | $3.2M | 2.5% | 5.1% | 0 | -4.58 | 29% | 1,150 | 44 |
| 2024 | 39 | $69.7M | $8.7M | 7.6% | 12.2% | 21 | -2.17 | 32% | 1,463 | 37 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Rock Bordelon | 5% or greater direct ownership interest | 80 | 2018-06 | |
| Cameron Investments Llc | 5% or greater direct ownership interest | 16 | 2018-06 | |
| Donald Cameron | 5% or greater indirect ownership interest | 16 | 2023-10 | |
| Allegiance Health Management Inc | operational/managerial control | 2018-06 | ||
| Donald Cameron | corporate officer | 2018-06 | ||
| Donald Cameron | corporate director | 2018-06 | ||
| Kevin Quinn | corporate officer | 2023-01 | ||
| Kevin Quinn | w-2 managing employee | 2023-01 | ||
| Kevin Quinn | operational/managerial control | 2023-01 | ||
| Rock Bordelon | corporate officer | 2018-06 |
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 |