Surgical Specialty Center Baton Roug

dba Surgical Specialty Center Of Baton Rouge · Baton Rouge, E. Baton Rouge Parish County, LA · CCN 190251
Licensed to Surgical Specialty Center Of Baton Rouge, Llc

Composite

35.6

rank score

Distress

FY2023

Fit

vs thesis

Estimated ticket

$8.0M–$32.0M

16 beds · within envelope

Ownership

for-profit

STH

Why it ranks here

30-60 days cash on hand
occupancy below 30%
margin deteriorating sharply
urban — higher occupancy and iteration surface
very small facility
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	$51.9M
Operating margin	17.5%
Total margin	20.0%
Days cash on hand	49
Current ratio	2.56
Occupancy	10%

Facility

Beds	16
Facility type	STH
Setting	urban
Ownership class	for-profit
Per-bed (low)	$500K
Per-bed (high)	$2.0M

Financial history

FY	Beds	Net patient rev	Net income	Op margin	Total margin	Days cash	Current ratio	Occupancy	Discharges	Distress
2020	16	$52.3M	$17.1M	28.4%	31.4%	91	3.56	17%	605	13
2021	16	$54.5M	$14.9M	25.6%	26.9%	47	3.09	12%	384	26
2022	16	$49.8M	$9.6M	16.9%	18.9%	39	3.11	9%	309	26
2023	16	$51.9M	$10.7M	17.5%	20.0%	49	2.56	10%	360	33

Owners

Owner	Role	%	Since
Our Lady Of The Lake Hospital Inc Baton Rouge, LA	5% or greater direct ownership interest	49	2008-08
Broc Surgery Llc Baton Rouge, LA	5% or greater direct ownership interest	28	2010-12
Ssh Management Llc Baton Rouge, LA	5% or greater direct ownership interest	23	2010-12
Ann Heine	corporate officer		2015-09
Ann Heine	w-2 managing employee		2015-09
Ann Heine	operational/managerial control		2015-09
Benjamin Walton	corporate director		2018-01
Carey Winder	corporate director		2016-01
Cecil Lovell	corporate director		2008-08
Curtis Chastain	corporate director		2010-03
James Morris	corporate director		2018-01
Jeffrey Limbocker	corporate director		2008-08
Jon Traxler	corporate director		2016-01
Karla Silvio	contracted managing employee		2008-08
Kelli Firmin	contracted managing employee		2017-07
Kirk Bailey	corporate director		2012-03
Lara Mosbroker	contracted managing employee		2015-03
Larry Bankston	corporate director		2014-01
Ssh Management Services Llc Baton Rouge, LA	operational/managerial control		2008-08

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