St. James Parish Hospital
Lutcher, St. James Parish County, LA
· CCN 191305
Licensed to St. James Parish Hosp Serv Dist
Composite
32.8
rank score
Distress
39
FY2024
Fit
38
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- occupancy below 30%
- margin deteriorating
- 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 · FY2024
| Net patient revenue | $30.8M |
| Operating margin | -14.0% |
| Total margin | 12.4% |
| Days cash on hand | 319 |
| Current ratio | 11.76 |
| Occupancy | 22% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $25.3M | $5.8M | -9.3% | 17.3% | 515 | 8.27 | 29% | 309 | 31 |
| 2022 | 25 | $28.1M | $4.2M | -14.3% | 11.5% | 256 | 7.83 | 21% | 290 | 37 |
| 2023 | 25 | $33.9M | $8.0M | 7.2% | 20.3% | 348 | 15.62 | 17% | 177 | 9 |
| 2024 | 25 | $30.8M | $5.0M | -14.0% | 12.4% | 319 | 11.76 | 22% | 184 | 39 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ethan Bland | w-2 managing employee | 2025-07 | ||
| Leslie Loup | corporate director | 2019-06 | ||
| Mary Pratt | corporate officer | 2007-12 | ||
| Mary Pratt | corporate director | 2007-12 | ||
| Mary Pratt | w-2 managing employee | 2007-12 | ||
| Randall Poche | corporate director | 2021-07 | ||
| St. James Parish Hosp Serv Dist | operational/managerial control | 2008-04 | ||
| Tracy George | corporate director | 2007-12 | ||
| Tracy George | w-2 managing employee | 2007-12 | ||
| Wayne Waguespack | corporate director | 2008-04 | ||
| Wilbur Reynaud | corporate director | 2008-04 |
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 |