St Martin Hospital
dba Ochsner St. Martin Hospital ·
Breaux Bridge, St. Martin Parish County, LA
· CCN 191302
Licensed to St Martin Hospital Inc
Composite
37.1
rank score
Distress
30
FY2023
Fit
59
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $44.2M |
| Operating margin | 9.9% |
| Total margin | 15.8% |
| Days cash on hand | 1 |
| Current ratio | 1.51 |
| Occupancy | 69% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | urban |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $27.7M | $13.7M | 21.6% | 38.7% | 1 | 8.06 | 41% | 291 | 28 |
| 2021 | 25 | $26.5M | $1.6M | -3.8% | 5.5% | 0 | 7.57 | 57% | 292 | 40 |
| 2022 | 25 | $36.3M | $5.7M | 6.5% | 14.4% | 5 | 1.91 | 63% | 302 | 22 |
| 2023 | 25 | $44.2M | $7.5M | 9.9% | 15.8% | 1 | 1.51 | 69% | 185 | 30 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Lafayette General Health System Inc | 5% or greater direct ownership interest | 100 | 2015-01 | |
| Ochsner Clinic Foundation | 5% or greater indirect ownership interest | 100 | 2020-10 | |
| Al Patin | corporate officer | 2023-07 | ||
| Al Patin | w-2 managing employee | 2023-07 | ||
| Burton Dupuis | corporate director | 2009-08 | ||
| Casey Hoyt | corporate director | 2022-08 | ||
| Christopher Rader | corporate director | 2023-01 | ||
| Edward Yerger | corporate director | 2023-01 | ||
| Frank Walker | corporate director | 2017-02 | ||
| James Molloy | corporate officer | 2024-01 | ||
| Mary Henry | corporate director | 2017-02 | ||
| Michael Hulefeld | corporate officer | 2022-11 | ||
| Molly Thomas | corporate director | 2018-02 | ||
| Norman Vascocu | corporate director | 2022-08 | ||
| Patrick Gandy | corporate officer | 2021-02 | ||
| Peter November | corporate officer | 2022-11 | ||
| Ramesh Kolluru | corporate director | 2022-08 | ||
| Reshma Bhanushali | corporate director | 2023-01 | ||
| Roger Mattke | corporate officer | 2020-02 | ||
| Roger Mattke | other | 2022-04 | ||
| Warren Degatur | corporate director | 2010-03 | ||
| Wayne Cestia | corporate director | 2021-02 |
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 |