Dequincy Memorial Hospital
Dequincy, Calcasieu Parish County, LA
· CCN 191307
Licensed to Clhg-Dequincy, Llc
Composite
56.8
rank score
Distress
88
FY2023
Fit
43
vs thesis
Estimated ticket
$1.1M–$2.3M
19 beds ·
within envelope
Ownership
for-profit
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very small facility
- 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 | $11.1M |
| Operating margin | -33.8% |
| Total margin | -9.2% |
| Days cash on hand | 0 |
| Current ratio | 1.63 |
| Occupancy | 8% |
Facility
| Beds | 19 |
| Facility type | CAH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 19 | $7.6M | $388K | -56.3% | 3.2% | 10 | 2.02 | 8% | 91 | 70 |
| 2021 | 19 | $10.7M | $-779K | -25.4% | -6.2% | 0 | 2.18 | 9% | 106 | 82 |
| 2022 | 19 | $13.1M | $1.3M | -4.1% | 8.5% | 23 | 5.86 | 27% | 98 | 51 |
| 2023 | 19 | $11.1M | $-1.2M | -33.8% | -9.2% | 0 | 1.63 | 8% | 76 | 88 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Rock Bordelon | 5% or greater direct ownership interest | 100 | 2019-04 | |
| Allegiance Health Management Inc | operational/managerial control | 2019-04 | ||
| Brenda Cooley | w-2 managing employee | 2019-04 | ||
| Donald Cameron | corporate officer | 2019-04 | ||
| Donald Cameron | corporate director | 2019-04 | ||
| Donald Cameron | operational/managerial control | 2019-04 | ||
| Karen Strickland | corporate officer | 2019-04 | ||
| Karen Strickland | w-2 managing employee | 2019-04 | ||
| Michael Daiken | corporate director | 2021-12 | ||
| Rock Bordelon | corporate director | 2019-04 | ||
| Rock Bordelon | operational/managerial control | 2019-04 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-04-01 | change of ownership | Clhg-Dequincy, Llc | Dequincy Memorial Hospital,inc |
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 |