Hood Memorial Hospital
Amite, Statewide Parish County, LA
· CCN 191309
Licensed to Hospital Service District 2 Of The Parish Of Tangipahoa State Of La
Composite
24.2
rank score
Distress
12
FY2023
Fit
47
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $23.0M |
| Operating margin | 5.7% |
| Total margin | 12.1% |
| Days cash on hand | 252 |
| Current ratio | 8.04 |
| Occupancy | 52% |
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 | $16.4M | $4.2M | -4.1% | 19.7% | 243 | 1.82 | 57% | 67 | 18 |
| 2021 | 25 | $18.7M | $9.0M | -4.3% | 31.7% | 226 | 3.45 | 61% | 35 | 16 |
| 2022 | 25 | $17.5M | $16.0M | -15.4% | 44.3% | 340 | 13.85 | 49% | 19 | 30 |
| 2023 | 25 | $23.0M | $3.0M | 5.7% | 12.1% | 252 | 8.04 | 52% | 25 | 12 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| James Whittington | w-2 managing employee | 100 | 2023-01 | |
| James Whittington | corporate officer | 95 | 2018-12 | |
| James Whittington | operational/managerial control | 95 | 2018-12 | |
| Charles Guzzardo | corporate director | 2011-08 | ||
| John Smith | corporate director | 2022-02 | ||
| Michael Magee | corporate officer | 2019-07 | ||
| Michael Magee | w-2 managing employee | 2019-07 | ||
| Randy Bracy | corporate director | 2018-01 | ||
| Raymond Cutrer | corporate director | 2016-02 | ||
| Robert Lee | corporate director | 2014-01 |
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 |