The Spine Hospital Of Louisiana
Baton Rouge, E. Baton Rouge Parish County, LA
· CCN 190266
Licensed to Nmc Operating Company Llc
Composite
28.5
rank score
Distress
17
FY2023
Fit
52
vs thesis
Estimated ticket
$11.5M–$46.0M
23 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- 60-90 days cash on hand
- occupancy below 30%
- 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 | $62.8M |
| Operating margin | 37.1% |
| Total margin | 38.9% |
| Days cash on hand | 72 |
| Current ratio | 3.46 |
| Occupancy | 29% |
Facility
| Beds | 23 |
| 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 | 23 | $49.0M | $20.4M | 32.6% | 38.2% | 152 | 2.76 | 23% | 1,230 | 9 |
| 2021 | 23 | $54.7M | $20.1M | 34.4% | 35.9% | 86 | 2.69 | 25% | 1,296 | 19 |
| 2022 | 23 | $57.4M | $21.8M | 35.4% | 37.0% | 76 | 4.57 | 27% | 1,415 | 19 |
| 2023 | 23 | $62.8M | $25.2M | 37.1% | 38.9% | 72 | 3.46 | 29% | 1,463 | 17 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Our Lady Of The Lake Hospital Inc | 5% or greater direct ownership interest | 35 | 2022-01 | |
| Eric Oberlander | 5% or greater direct ownership interest | 7 | 2022-01 | |
| Charles Bowie | 5% or greater direct ownership interest | 6 | 2022-01 | |
| Christopher Harrod | 5% or greater direct ownership interest | 6 | 2022-01 | |
| Gregory Fautheree | 5% or greater direct ownership interest | 6 | 2022-01 | |
| Kelly Scrantz | 5% or greater direct ownership interest | 6 | 2022-01 | |
| Kevin Mccarthy | 5% or greater direct ownership interest | 6 | 2022-01 | |
| Richard Stanger | 5% or greater direct ownership interest | 6 | 2022-01 | |
| Samir Patel | corporate director | 3 | 2015-01 | |
| Horace L Mitchell | 5% or greater direct ownership interest | 2 | 2022-01 | |
| Allison Doherty | corporate officer | 2016-05 | ||
| Allison Doherty | w-2 managing employee | 2009-12 | ||
| Charles Spicer | corporate director | 2022-11 | ||
| Gregory Fautheree | corporate director | 2015-02 | ||
| Horace L Mitchell | corporate officer | 2016-05 | ||
| Horace L Mitchell | corporate director | 2011-01 | ||
| James Craven | corporate director | 2022-01 | ||
| Jennifer Clowers | corporate director | 2022-01 | ||
| Kelly Scrantz | corporate director | 2022-06 | ||
| Susan Pettijohn | corporate officer | 2018-01 | ||
| Susan Pettijohn | w-2 managing employee | 2016-11 | ||
| Terri Hicks | corporate officer | 2022-10 | ||
| Terri Hicks | w-2 managing employee | 2022-08 |
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 |