Jackson Parish Hospital
Jonesboro, LA
· CCN 191317
Licensed to Jackson Parish Hospital
Composite
30.1
rank score
Distress
33
FY2023
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%
- 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 · FY2023
| Net patient revenue | $23.4M |
| Operating margin | -15.5% |
| Total margin | 19.6% |
| Days cash on hand | 352 |
| Current ratio | 13.35 |
| Occupancy | 25% |
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 | $14.8M | $-735K | -39.4% | -3.7% | 253 | 5.16 | 17% | 208 | 49 |
| 2021 | 25 | $18.5M | $7.8M | -27.7% | 24.8% | 218 | 7.69 | 17% | 307 | 37 |
| 2022 | 25 | $20.8M | $4.8M | -23.6% | 15.7% | 257 | 9.43 | 20% | 296 | 37 |
| 2023 | 25 | $23.4M | $6.6M | -15.5% | 19.6% | 352 | 13.35 | 25% | 243 | 33 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jackson Parish Hospital | 5% or greater direct ownership interest | 1966-01 | ||
| Jackson Parish Hospital | operational/managerial control | 1966-01 | ||
| Jason Thomas | corporate officer | 2017-07 | ||
| Jason Thomas | w-2 managing employee | 2017-07 | ||
| Jason Thomas | operational/managerial control | 2017-07 | ||
| John Morgan | corporate officer | 2017-05 | ||
| John Morgan | w-2 managing employee | 2017-05 | ||
| John Morgan | operational/managerial control | 2017-05 |
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 |