The General
Baton Rouge, LA
· CCN 190316
Licensed to Baton Rouge General Medical Center
Composite
36.4
rank score
Distress
18
FY2023
Fit
66
vs thesis
Estimated ticket
$84.5M–$338M
169 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- occupancy below 30%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $45.6M |
| Operating margin | 15.1% |
| Total margin | 5.8% |
| Days cash on hand | 1,111 |
| Current ratio | 4.80 |
| Occupancy | 20% |
Facility
| Beds | 169 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 | 139 | $12.2M | $10.6M | -8.5% | 42.1% | 2,096 | 1.48 | 34% | 1,191 | 31 |
| 2021 | 137 | $34.2M | $-187K | -2.2% | -0.5% | 923 | 2.26 | 33% | 2,963 | 29 |
| 2022 | 107 | $33.6M | $-5.2M | -2.7% | -15.6% | 1,040 | 3.39 | 33% | 2,176 | 38 |
| 2023 | 169 | $45.6M | $2.6M | 15.1% | 5.8% | 1,111 | 4.80 | 20% | 1,982 | 18 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Andrew Olinde | corporate director | 2011-10 | ||
| Annette Barton | corporate director | 2020-01 | ||
| Brad Gaspard | corporate director | 2025-01 | ||
| Brian Jackson | corporate director | 2018-04 | ||
| Chris Tyson | corporate director | 2020-01 | ||
| General Health System | 5% or greater direct ownership interest | 2006-10 | chain | |
| Gwen Hamilton | corporate director | 2018-04 | ||
| Isabelina Nahmens | corporate director | 2014-01 | ||
| Jacques Delabretonne | corporate director | 2018-04 | ||
| Jason Macmorran | corporate director | 2025-01 | ||
| Joe Juban | corporate director | 2012-04 | ||
| Kendall Johnson | corporate director | 2016-10 | ||
| Kendall Johnson | w-2 managing employee | 2016-10 | ||
| Kristopher Kirkpatrick | corporate director | 2019-04 | ||
| Lindsay Shelton | w-2 managing employee | 2018-04 | ||
| Louis Minsky | corporate director | 2018-04 | ||
| Rhoman Hardy | corporate director | 2020-01 | ||
| Rick Bond | corporate director | 2025-01 | ||
| Roy Kadair | corporate director | 2006-10 | ||
| Ryland Percy | corporate director | 2020-01 | ||
| Sundararama Vatsavai | corporate director | 2020-01 | ||
| Trisha Guidry | corporate director | 2020-03 | ||
| Trisha Guidry | w-2 managing employee | 2020-03 |
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 |