Union General Hospital Inc.
Farmerville, Union Parish County, LA
· CCN 191301
Licensed to Union General Hospital
Composite
21.7
rank score
Distress
18
FY2024
Fit
34
vs thesis
Estimated ticket
$1.7M–$3.4M
20 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $20.8M |
| Operating margin | 6.2% |
| Total margin | 10.9% |
| Days cash on hand | 276 |
| Current ratio | 5.26 |
| Occupancy | 25% |
Facility
| Beds | 20 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 20 | $17.5M | $3.8M | 0.3% | 17.7% | 318 | 5.91 | 24% | 227 | 16 |
| 2022 | 20 | $19.7M | $5.3M | 4.5% | 22.0% | 310 | 10.47 | 23% | 229 | 9 |
| 2023 | 20 | $20.4M | $2.1M | 2.2% | 9.6% | 222 | 14.03 | 20% | 218 | 9 |
| 2024 | 20 | $20.8M | $2.4M | 6.2% | 10.9% | 276 | 5.26 | 25% | 194 | 18 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Amanda Whiddon | w-2 managing employee | 2023-03 | ||
| Dianne Davidson | corporate officer | 2023-03 | ||
| Dianne Davidson | w-2 managing employee | 2023-03 | ||
| William Adcock | w-2 managing employee | 2022-02 |
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 |