Hammond Surgical Llc
dba Cypress Pointe Surgical Hospital ·
Hammond, LA
· CCN 190303
Licensed to Hammond Surgical Hospital Llc
Composite
53.8
rank score
Distress
67
FY2023
Fit
59
vs thesis
Estimated ticket
$12.8M–$51.0M
30 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin negative
- total margin under 2%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- 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 | $35.4M |
| Operating margin | -0.2% |
| Total margin | 1.0% |
| Days cash on hand | 10 |
| Current ratio | 0.71 |
| Occupancy | 8% |
Facility
| Beds | 30 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 30 | $26.8M | $-3.6M | -14.4% | -13.2% | 53 | 1.51 | 10% | 569 | 81 |
| 2021 | 30 | $32.4M | $4.9M | -7.0% | 12.1% | 27 | 1.16 | 10% | 634 | 68 |
| 2022 | 30 | $35.4M | $-14.2K | -1.8% | -0.0% | 10 | 0.84 | 10% | 582 | 74 |
| 2023 | 30 | $35.4M | $350K | -0.2% | 1.0% | 10 | 0.71 | 8% | 505 | 67 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ilsf Hsh Aggregate Llc | 5% or greater direct ownership interest | 36 | 2021-11 | |
| Cypress Holding And Management | 5% or greater direct ownership interest | 26 | 2021-08 | |
| Ilsf Hsh Aggregate Llc | 5% or greater indirect ownership interest | 24 | 2021-11 | |
| Cg Holding Of Louisiana, Llc | 5% or greater indirect ownership interest | 15 | 2015-08 | |
| Cypress Pointe Partners Llc | 5% or greater indirect ownership interest | 14 | 2025-07 | |
| Ch Hsh Holdings Llc | 5% or greater indirect ownership interest | 12 | 2025-02 | |
| Eo Management Llc | 5% or greater indirect ownership interest | 12 | 2025-02 | |
| Brett Chiasson | 5% or greater direct ownership interest | 12 | 2010-09 | |
| Eo Hsh Holdings Llc | 5% or greater direct ownership interest | 12 | 2025-02 | |
| Kmac Holding Llc | 5% or greater indirect ownership interest | 10 | 2025-06 | |
| Ghiath Mikdadi | 5% or greater direct ownership interest | 5 | 2010-09 | |
| Thompson Medical Group | 5% or greater indirect ownership interest | 5 | 2025-06 | |
| Thompson Medical Group | 5% or greater direct ownership interest | 5 | 2016-08 | |
| Jessica Maise | corporate officer | 2025-04 | ||
| Johannes Geldenhuys | corporate officer | 2020-08 | ||
| Johannes Geldenhuys | w-2 managing employee | 2020-08 | ||
| Paolo Zambito | corporate officer | 2024-12 |
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 |