New Orleans East Hospital
New Orleans, LA
· CCN 190313
Licensed to Parish Hospital Service District For The Parish Of Orleans - Dist A
Composite
60.4
rank score
Distress
87
FY2023
Fit
53
vs thesis
Estimated ticket
$14.0M–$56.0M
40 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- 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
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $85.6M |
| Operating margin | -8.6% |
| Total margin | -2.4% |
| Days cash on hand | 16 |
| Current ratio | 0.40 |
| Occupancy | 25% |
Facility
| Beds | 40 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 60 | $72.2M | $4.2M | -15.8% | 4.8% | 40 | 0.73 | 29% | 1,593 | 74 |
| 2021 | 60 | $75.4M | $-6.7M | -14.9% | -8.4% | 20 | 0.65 | 30% | 1,532 | 97 |
| 2022 | 60 | $77.6M | $-6.5M | -29.7% | -6.9% | 5 | 0.50 | 27% | 1,164 | 96 |
| 2023 | 40 | $85.6M | $-2.1M | -8.6% | -2.4% | 16 | 0.40 | 25% | 1,031 | 87 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Lument Real Estate Capital Llc | 5% or greater mortgage interest | 100 | 2014-02 | |
| Ann Duplessis | other | 2013-09 | ||
| Christine Bond | w-2 managing employee | 1975-04 | ||
| Christine Bond | operational/managerial control | 1975-04 | ||
| Diana Bajoie | other | 2011-07 | ||
| Eldridge Morris | corporate director | 2023-04 | ||
| Emmett Chapital | other | 2011-07 | ||
| Jennifer Avegno | other | 2018-06 | ||
| Keith Ferdinand | other | 2011-07 | ||
| Kimberly Mcneil | other | 2013-12 | ||
| Lynette Causey | other | 2012-02 | ||
| Myra Kleinpeter | other | 2011-07 | ||
| Ronald Burns | corporate director | 2014-01 | ||
| Samuel Odom | corporate director | 2023-04 | ||
| Takeisha Davis | corporate officer | 2016-01 | ||
| Tenesha Stevens | corporate director | 2023-04 |
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 |