Riverside Med Ctr
Franklinton, Washington Parish County, LA
· CCN 191313
Licensed to Riverside Medical Center
Composite
37.0
rank score
Distress
43
FY2023
Fit
44
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- 90-150 days cash on hand
- occupancy below 30%
- margin deteriorating
- urban — higher occupancy and iteration surface
- 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 · FY2023
| Net patient revenue | $25.0M |
| Operating margin | -35.0% |
| Total margin | 5.9% |
| Days cash on hand | 108 |
| Current ratio | 3.07 |
| Occupancy | 15% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | urban |
| 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 | $18.8M | $3.2M | -59.2% | 9.6% | 108 | 2.63 | 13% | 376 | 41 |
| 2021 | 25 | $23.2M | $1.7M | -41.3% | 4.8% | 97 | 2.68 | 16% | 310 | 41 |
| 2022 | 25 | $25.3M | $-156K | -33.6% | -0.5% | 87 | 2.47 | 12% | 148 | 54 |
| 2023 | 25 | $25.0M | $2.1M | -35.0% | 5.9% | 108 | 3.07 | 15% | 108 | 43 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jimmy Seibert | w-2 managing employee | 100 | 2025-06 | |
| Patricia Mizell | w-2 managing employee | 100 | 2025-02 | |
| Arthur Westbrook Jr | corporate officer | 2023-01 | ||
| Cynthia August | corporate officer | 2023-01 | ||
| Grayson Ball | corporate officer | 2023-01 | ||
| James Thomas | corporate officer | 1995-09 | ||
| Lori Schilling | corporate officer | 2017-02 | ||
| Malcolm Wascom | corporate officer | 2021-01 | ||
| Pamela Breland | corporate officer | 2013-05 | ||
| Randy Magee | corporate officer | 2022-06 | ||
| Riverside Medical Center | 5% or greater direct ownership interest | 2004-07 | ||
| Robin Fabre | corporate officer | 2023-07 | ||
| Tammy Magruder | corporate officer | 2016-11 |
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 |