Physicians Medical Center
Houma, Terrebonne Parish County, LA
· CCN 190241
Licensed to Physicians Medical Center, Llc
Composite
64.1
rank score
Distress
90
FY2023
Fit
59
vs thesis
Estimated ticket
$10.5M–$42.0M
30 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- debt above 70% of assets
- occupancy below 30%
- margin deteriorating
- urban — higher occupancy and iteration surface
- small but workable bed count
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $16.4M |
| Operating margin | -15.0% |
| Total margin | -13.2% |
| Days cash on hand | 0 |
| Current ratio | 0.24 |
| Occupancy | 4% |
Facility
| Beds | 30 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| 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 | 30 | $17.2M | $-1.7M | -13.1% | -9.7% | 1 | 2.19 | 7% | 319 | 76 |
| 2021 | 30 | $15.8M | $-3.0M | -17.1% | -19.0% | 0 | 0.35 | 6% | 258 | 93 |
| 2022 | 30 | $16.5M | $866K | -25.1% | 4.0% | 0 | 0.34 | 6% | 248 | 72 |
| 2023 | 30 | $16.4M | $-2.2M | -15.0% | -13.2% | 0 | 0.24 | 4% | 190 | 90 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Terrebonne General Equity Holdings Llc | 5% or greater direct ownership interest | 53 | 2023-04 | |
| Brett Casey | 5% or greater direct ownership interest | 6 | 2020-02 | |
| Christopher Cenac | 5% or greater direct ownership interest | 6 | 2017-11 | |
| Allison Porretto | contracted managing employee | 2023-04 | ||
| Angelique Barker | corporate director | 2023-04 | ||
| Cory Leonard | contracted managing employee | 2023-04 | ||
| Cory Leonard | corporate director | 2023-04 | ||
| Donald Schwab | corporate director | 2022-04 | ||
| Frances Yeates | corporate director | 2023-04 | ||
| Guy Zeringue | corporate director | 2021-10 | ||
| Phyllis Peoples | corporate director | 2023-04 | ||
| William St Martin | corporate director | 2023-04 |
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 |