Acadian Medical Center
Eunice, Evangeline Parish County, LA
· CCN 190318
Licensed to Clhg-Acadian Llc
Composite
62.0
rank score
Distress
90
FY2023
Fit
49
vs thesis
Estimated ticket
$3.4M–$6.9M
49 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy below 30%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $32.4M |
| Operating margin | -33.9% |
| Total margin | -12.2% |
| Days cash on hand | 0 |
| Current ratio | 0.78 |
| Occupancy | 28% |
Facility
| Beds | 49 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 55 | $4.9M | $-215K | -7.1% | -4.3% | 0 | 0.38 | 30% | 325 | 90 |
| 2021 | 49 | $31.0M | $-2.2M | -9.1% | -7.1% | 1 | 8.56 | 36% | 1,540 | 73 |
| 2022 | 49 | $32.9M | $-1.6M | -11.6% | -4.5% | 0 | 1.49 | 34% | 1,945 | 71 |
| 2023 | 49 | $32.4M | $-4.7M | -33.9% | -12.2% | 0 | 0.78 | 28% | 1,348 | 90 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| David Ingram | w-2 managing employee | 100 | 2024-08 | |
| David Ingram | operational/managerial control | 100 | 2024-08 | |
| Janice Jones | w-2 managing employee | 100 | 2020-05 | |
| Janice Jones | operational/managerial control | 100 | 2020-05 | |
| Rock Bordelon | 5% or greater direct ownership interest | 80 | 2018-04 | |
| Cameron Investments Llc | 5% or greater direct ownership interest | 16 | 2018-04 | |
| Donald Cameron | 5% or greater indirect ownership interest | 16 | 2018-04 | |
| Allegiance Health Management Inc | operational/managerial control | 2018-04 | chain | |
| David Ingram | corporate officer | 2024-08 | ||
| Donald Cameron | corporate director | 2018-04 | ||
| Donald Cameron | operational/managerial control | 2018-04 | ||
| Janice Jones | corporate officer | 2020-05 | ||
| Rock Bordelon | corporate director | 2018-04 | ||
| Rock Bordelon | operational/managerial control | 2018-04 |
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 |