Ochsner Medical Center - Kenner Llc
dba Ochsner Medical Center-Kenner ·
Kenner, Jefferson Parish County, LA
· CCN 190274
Licensed to Ochsner Medical Center - Kenner, L.l.c.
Composite
56.4
rank score
Distress
56
FY2024
Fit
78
vs thesis
Estimated ticket
$50.1M–$201M
118 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- under 30 days cash on hand
- current ratio below 0.8
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $193M |
| Operating margin | -0.9% |
| Total margin | 3.5% |
| Days cash on hand | 0 |
| Current ratio | -0.01 |
| Occupancy | 61% |
Facility
| Beds | 118 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 115 | $181M | $24.2M | 0.2% | 11.8% | 0 | -0.18 | 65% | 5,813 | 42 |
| 2022 | 115 | $203M | $9.2M | 1.2% | 4.4% | 0 | -0.15 | 72% | 6,215 | 42 |
| 2023 | 115 | $194M | $313K | -2.9% | 0.2% | 0 | -0.01 | 65% | 6,188 | 54 |
| 2024 | 118 | $193M | $7.1M | -0.9% | 3.5% | 0 | -0.01 | 61% | 6,658 | 56 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ochsner Clinic Foundation | 5% or greater direct ownership interest | 100 | 2017-01 | |
| Ochsner Clinic Foundation | operational/managerial control | 100 | 2017-01 | |
| Abdul Khan | contracted managing employee | 2025-06 | ||
| Abdul Khan | corporate officer | 2025-06 | ||
| Abdul Khan | operational/managerial control | 2025-06 | ||
| James Molloy | corporate officer | 2024-01 | ||
| Michael Hulefeld | corporate officer | 2022-11 | ||
| Michael Hulefeld | other | 2012-09 | ||
| Peter November | corporate officer | 2022-11 |
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 |