East Carroll Parish Hospital
Lake Providence, East Carroll Parish County, LA
· CCN 190208
Licensed to East Carroll Parish Hospital
Composite
27.0
rank score
Distress
28
FY2024
Fit
36
vs thesis
Estimated ticket
$2.3M–$4.6M
23 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin -10% to -5%
- occupancy below 30%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $14.3M |
| Operating margin | -7.6% |
| Total margin | 10.8% |
| Days cash on hand | 414 |
| Current ratio | 21.97 |
| Occupancy | 8% |
Facility
| Beds | 23 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| 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 | 23 | $9.6M | $-188K | -27.0% | -1.6% | 354 | 2.76 | 8% | 183 | 44 |
| 2022 | 23 | $13.0M | $2.6M | -1.5% | 16.4% | 353 | 8.49 | 9% | 224 | 24 |
| 2023 | 23 | $14.6M | $2.2M | 5.0% | 13.6% | 419 | 20.24 | 10% | 248 | 9 |
| 2024 | 23 | $14.3M | $1.9M | -7.6% | 10.8% | 414 | 21.97 | 8% | 187 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ladonna Englerth | w-2 managing employee | 100 | 1988-02 | |
| Ladonna Englerth | corporate director | 1988-10 |
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 |