Trinity Medical
Ferriday, Concordia Parish County, LA
· CCN 191318
Licensed to Concordia Parish Hospital Service District Number One
Composite
35.6
rank score
Distress
48
FY2023
Fit
35
vs thesis
Estimated ticket
$2.0M–$3.9M
23 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- 90-150 days cash on hand
- debt above 70% of assets
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $26.5M |
| Operating margin | -18.2% |
| Total margin | 6.7% |
| Days cash on hand | 134 |
| Current ratio | 7.36 |
| Occupancy | 42% |
Facility
| Beds | 23 |
| 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 | $4.2M | -20.9% | 18.9% | 147 | 3.13 | 41% | 474 | 46 |
| 2021 | 25 | $20.1M | $3.7M | -23.2% | 12.8% | 139 | 4.28 | 50% | 535 | 39 |
| 2022 | 23 | $24.6M | $1.6M | -8.9% | 5.6% | 127 | 4.84 | 53% | 512 | 33 |
| 2023 | 23 | $26.5M | $2.3M | -18.2% | 6.7% | 134 | 7.36 | 42% | 517 | 48 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Concordia Parish Hospital Service District Number One | operational/managerial control | 1966-06 | ||
| Connie Vigil | w-2 managing employee | 2004-11 | ||
| Nekeisha Smith | corporate officer | 2021-01 | ||
| Spencer Holder | corporate officer | 2016-08 |
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 |