Richland Parish Hospital No. 1 A
dba Richland Parish Hospital ·
Delhi, Richland County, LA
· CCN 191323
Licensed to Hospital Service District No 1a Of The Parish Of Richland State Of La
Composite
27.8
rank score
Distress
28
FY2023
Fit
38
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin -10% to -5%
- 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 | -9.3% |
| Total margin | 17.5% |
| Days cash on hand | 561 |
| Current ratio | 23.87 |
| Occupancy | 19% |
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 | $18.3M | $943K | -18.3% | 4.2% | 347 | 3.27 | 16% | 210 | 37 |
| 2021 | 25 | $22.3M | $9.6M | -7.9% | 28.6% | 331 | 18.13 | 16% | 196 | 31 |
| 2022 | 25 | $23.3M | $5.9M | -4.1% | 19.5% | 495 | 19.63 | 21% | 276 | 24 |
| 2023 | 25 | $23.4M | $5.4M | -9.3% | 17.5% | 561 | 23.87 | 19% | 237 | 28 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Annie Guine | corporate director | 20 | 2015-09 | |
| Barbara Roark | corporate director | 20 | 2011-11 | |
| Jesse Lipe | corporate director | 20 | 2012-02 | |
| Nathan Monroe | corporate director | 20 | 2005-10 | |
| Corey Albritton | corporate director | 2021-12 | ||
| Hospital Service District No 1a Of The Parish Of Richland State Of La | operational/managerial control | 1989-04 | ||
| Mildred Greer | corporate director | 2024-01 | ||
| Mildred Greer | w-2 managing employee | 2024-01 |
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 |