Avala
Covington, St. Tammany Parish County, LA
· CCN 190267
Licensed to Fairway Medical Center Llc
Composite
36.5
rank score
Distress
35
FY2023
Fit
52
vs thesis
Estimated ticket
$10.5M–$42.0M
21 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- debt above 70% of assets
- occupancy below 30%
- margin slipping
- 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 | $65.2M |
| Operating margin | 15.1% |
| Total margin | 12.8% |
| Days cash on hand | 13 |
| Current ratio | 1.71 |
| Occupancy | 21% |
Facility
| Beds | 21 |
| 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 | 21 | $50.2M | $6.8M | 11.3% | 13.3% | 4 | 0.87 | 22% | 821 | 40 |
| 2021 | 21 | $63.9M | $13.5M | 17.5% | 20.3% | 11 | 1.63 | 22% | 819 | 31 |
| 2022 | 21 | $64.0M | $5.3M | 7.4% | 8.2% | 0 | 1.24 | 23% | 885 | 39 |
| 2023 | 21 | $65.2M | $8.1M | 15.1% | 12.8% | 13 | 1.71 | 21% | 811 | 35 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Khader Shamieh | 5% or greater indirect ownership interest | 67 | 2018-06 | |
| Kss Surgical, Llc | 5% or greater direct ownership interest | 67 | 2018-06 | |
| Brooke Cummings | operational/managerial control | 2024-10 | ||
| Fayez Shamieh | operational/managerial control | 2017-02 | ||
| John Hankins | corporate officer | 2021-08 | ||
| Khader Shamieh | operational/managerial control | 2018-06 |
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 |