Caldwell Memorial Hospital
dba Commercial Capital Bank ·
Columbia, Caldwell Parish County, LA
· CCN 190190
Licensed to Caldwell Memorial Hospital, Inc.
Composite
52.5
rank score
Distress
73
FY2023
Fit
49
vs thesis
Estimated ticket
$1.8M–$3.6M
26 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin negative
- total margin negative
- 30-60 days cash on hand
- current ratio below 0.8
- debt above 85% of assets
- occupancy below 30%
- margin deteriorating sharply
- 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
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $12.9M |
| Operating margin | -3.4% |
| Total margin | -2.5% |
| Days cash on hand | 44 |
| Current ratio | 0.76 |
| Occupancy | 10% |
Facility
| Beds | 26 |
| 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 | 25 | $11.7M | $3.3M | -3.5% | 21.5% | 218 | 2.72 | 9% | 196 | 24 |
| 2021 | 16 | $13.8M | $3.2M | 0.4% | 18.8% | 53 | 1.57 | 15% | 182 | 32 |
| 2022 | 18 | $12.5M | $1.2M | -3.5% | 8.7% | 78 | 1.32 | 13% | 163 | 38 |
| 2023 | 26 | $12.9M | $-326K | -3.4% | -2.5% | 44 | 0.76 | 10% | 208 | 73 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Commercial Capital Bank | 5% or greater mortgage interest | 79 | 2025-12 | |
| Jed Robinson | 5% or greater direct ownership interest | 50 | 2025-12 | |
| Jed Robinson | corporate officer | 50 | 2025-12 | |
| Lisa Patrick | w-2 managing employee | 50 | 2005-07 | |
| Lisa Patrick | operational/managerial control | 50 | 2008-05 | |
| Michael Kramer | 5% or greater direct ownership interest | 50 | 2025-12 | |
| Michael Kramer | corporate officer | 50 | 2025-12 | |
| Jed Robinson | w-2 managing employee | 25 | 2025-12 | |
| Jed Robinson | operational/managerial control | 25 | 2025-12 | |
| Michael Kramer | w-2 managing employee | 25 | 2025-12 | |
| Michael Kramer | operational/managerial control | 25 | 2025-12 | |
| Lisa Patrick | corporate officer | 2008-05 |
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 |