East Jefferson General Hospial
dba East Jefferson General Hospital ·
Metairie, LA
· CCN 190176
Licensed to University Healthcare System, L.c.
Composite
22.7
rank score
Distress
80
FY2023
Fit
52
vs thesis
Estimated ticket
$214M–$857M
612 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin below -8%
- under 30 days cash on hand
- current ratio under 1.5
- liabilities exceed assets
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $1.0B |
| Operating margin | -8.9% |
| Total margin | -9.8% |
| Days cash on hand | 5 |
| Current ratio | 1.19 |
| Occupancy | 58% |
Facility
| Beds | 612 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 470 | $448M | $-4.0M | -11.1% | -0.8% | 0 | 4.59 | 48% | 15,643 | 71 |
| 2021 | 431 | $474M | $-75.4M | -17.1% | -15.7% | 0 | 2.22 | 50% | 15,673 | 80 |
| 2022 | 431 | $490M | $-58.6M | -14.1% | -11.7% | 0 | 1.85 | 54% | 15,185 | 80 |
| 2023 | 612 | $1.0B | $-98.2M | -8.9% | -9.8% | 5 | 1.19 | 58% | 24,108 | 80 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Louisiana Children's Medical Center | 5% or greater direct ownership interest | 100 | 2023-01 | |
| Aaron Dumont | corporate director | 2023-01 | ||
| Bradley Sinclair | corporate officer | 2024-03 | ||
| Bradley Sinclair | w-2 managing employee | 2024-03 | ||
| Bradley Sinclair | operational/managerial control | 2024-03 | ||
| Gabriella Pridjian | corporate director | 2023-01 | ||
| Gregory Feirn | corporate director | 2023-01 | ||
| Gregory Nielsen | corporate officer | 2023-01 | ||
| Gregory Nielsen | w-2 managing employee | 2023-01 | ||
| Gregory Nielsen | operational/managerial control | 2023-01 | ||
| Joann Kunkel | corporate director | 2023-01 | ||
| John Heaton | corporate director | 2023-01 | ||
| Lotuce Hamm | corporate director | 2023-01 | ||
| Louisiana Children's Medical Center | operational/managerial control | 2023-01 | ||
| Maurice Lagarde | operational/managerial control | 2023-01 | ||
| Patrice Delafontaine | corporate director | 2023-01 | ||
| Patrick Norton | corporate director | 2023-01 |
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 |