St. Helena Parish Hospital
Greensburg, St. Helena Parish County, LA
· CCN 191300
Licensed to St Helena Parish Hospital
Composite
34.1
rank score
Distress
42
FY2023
Fit
38
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin negative
- under 30 days cash on hand
- occupancy below 30%
- 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
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $15.2M |
| Operating margin | -0.4% |
| Total margin | 12.2% |
| Days cash on hand | 2 |
| Current ratio | 8.38 |
| Occupancy | 14% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $11.1M | $1.8M | -23.6% | 11.5% | 2 | 2.53 | 16% | 34 | 59 |
| 2021 | 25 | $12.8M | $5.2M | -9.5% | 27.0% | 10 | 7.39 | 17% | 33 | 53 |
| 2022 | 25 | $13.4M | $1.2M | -9.5% | 7.8% | 4 | 11.68 | 15% | 10 | 53 |
| 2023 | 25 | $15.2M | $2.1M | -0.4% | 12.2% | 2 | 8.38 | 14% | 9 | 42 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Joel Landry | corporate officer | 100 | 2015-02 | |
| Joel Landry | w-2 managing employee | 100 | 2015-02 | |
| St Helena Parish Hospital | 5% or greater direct ownership interest | 100 | 1999-12 | |
| Naveed Awan | corporate officer | 2012-04 |
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 |
|---|---|---|---|---|
| 2019-04-01 | Clhg-Dequincy, Llc | Dequincy Memorial Hospital,inc | Dequincy Memorial Hospital | 19 |