Sabine Medical Center
Many, Sabine Parish County, LA
· CCN 190218
Licensed to Allegiance Hospital Of Many, Llc
Composite
37.6
rank score
Distress
40
FY2024
Fit
49
vs thesis
Estimated ticket
$4.8M–$9.6M
48 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- occupancy below 30%
- 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 · FY2024
| Net patient revenue | $29.1M |
| Operating margin | 15.1% |
| Total margin | 15.3% |
| Days cash on hand | 0 |
| Current ratio | -19.43 |
| Occupancy | 6% |
Facility
| Beds | 48 |
| 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 | 36 | $18.1M | $2.3M | -4.3% | 11.0% | 50 | -16.17 | 11% | 409 | 62 |
| 2022 | 36 | $21.5M | $876K | 2.1% | 4.0% | 8 | 15.86 | 11% | 357 | 31 |
| 2023 | 48 | $22.0M | $2.0M | 6.2% | 8.9% | 0 | -5.93 | 6% | 270 | 44 |
| 2024 | 48 | $29.1M | $4.4M | 15.1% | 15.3% | 0 | -19.43 | 6% | 306 | 40 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Allegiance Hospital Of Many, Llc | 5% or greater direct ownership interest | 100 | 2008-07 | |
| Debra Byles | contracted managing employee | 100 | 2025-09 | |
| Debra Byles | corporate director | 100 | 2025-09 | |
| Rock Bordelon | 5% or greater direct ownership interest | 100 | 2008-07 | |
| Allegiance Health Management Inc | operational/managerial control | 2009-04 | ||
| Debra Byles | operational/managerial control | 2025-09 | ||
| Donald Cameron | corporate director | 2008-07 |
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 |