Ochsner Bayou Llc
dba Ochsner St Anne General Hospital ·
Raceland, Lafourche Parish County, LA
· CCN 191324
Licensed to Ochsner Bayou Llc
Composite
36.5
rank score
Distress
37
FY2023
Fit
45
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 30-45%
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $61.7M |
| Operating margin | 10.8% |
| Total margin | 21.5% |
| Days cash on hand | 0 |
| Current ratio | -0.44 |
| Occupancy | 38% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| 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 | $45.7M | $10.9M | -2.3% | 18.9% | 0 | -0.71 | 52% | 1,054 | 53 |
| 2021 | 25 | $93.8M | $9.5M | 3.9% | 9.5% | 0 | -4.41 | 46% | 967 | 38 |
| 2022 | 25 | $76.5M | $5.1M | -0.9% | 6.2% | 0 | -0.65 | 46% | 1,018 | 53 |
| 2023 | 25 | $61.7M | $15.1M | 10.8% | 21.5% | 0 | -0.44 | 38% | 996 | 37 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ochsner Clinic Foundation | operational/managerial control | 100 | 2006-05 | chain |
| Fernis Leblanc | corporate officer | 2022-11 | ||
| Fernis Leblanc | w-2 managing employee | 2022-11 | ||
| Fernis Leblanc | operational/managerial control | 2022-11 | ||
| James Molloy | corporate officer | 2024-01 | ||
| Ochsner Clinic Foundation | 5% or greater direct ownership interest | 2006-05 | chain | |
| Ochsner Clinic Foundation | other | 2018-01 | chain | |
| Peter November | corporate officer | 2022-11 | ||
| Timothy Riddell | corporate officer | 2026-01 |
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 |