Mercy Regional Medical Center
Ville Platte, Evangeline Parish County, LA
· CCN 190167
Licensed to Clhg-Ville Platte Llc
Composite
57.2
rank score
Distress
80
FY2023
Fit
53
vs thesis
Estimated ticket
$1.9M–$3.8M
27 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio under 1.5
- liabilities exceed assets
- occupancy 30-45%
- margin deteriorating
- 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 · FY2023
| Net patient revenue | $32.4M |
| Operating margin | -30.4% |
| Total margin | -4.0% |
| Days cash on hand | 11 |
| Current ratio | 1.10 |
| Occupancy | 37% |
Facility
| Beds | 27 |
| 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 | 50 | $46.5M | $-381K | -23.1% | -0.7% | 2 | -15.37 | 32% | 2,315 | 88 |
| 2021 | 38 | $32.1M | $-997K | -6.9% | -3.0% | 44 | -3.45 | 42% | 989 | 77 |
| 2022 | 27 | $28.3M | $-3.9M | -31.5% | -11.9% | 0 | -0.52 | 43% | 740 | 97 |
| 2023 | 27 | $32.4M | $-1.6M | -30.4% | -4.0% | 11 | 1.10 | 37% | 792 | 80 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Kevin Ardoin | corporate officer | 100 | 2026-01 | |
| Kevin Ardoin | w-2 managing employee | 100 | 2026-01 | |
| Robin Savoy | w-2 managing employee | 80 | 2018-03 | |
| Rock Bordelon | 5% or greater direct ownership interest | 80 | 2018-03 | |
| Cameron Investments Llc | 5% or greater direct ownership interest | 16 | 2018-08 | |
| Allegiance Health Management Inc | limited partnership interest | 2018-08 | ||
| Allegiance Health Management Inc | operational/managerial control | 2018-08 | ||
| Robin Savoy | limited partnership interest | 2018-03 | ||
| Rock Bordelon | corporate officer | 2018-03 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2018-08-01 | change of ownership | Clhg-Ville Platte Llc | Ville Platte Medical Center 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 |