Lady Of Sea Hosptal
dba Lady Of The Sea General Hospital ·
Cut Off, LA
· CCN 191325
Licensed to Lafourche Parish Hospital Service District No 1
Composite
28.4
rank score
Distress
25
FY2024
Fit
43
vs thesis
Estimated ticket
$850K–$1.7M
10 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $20.8M |
| Operating margin | -86.0% |
| Total margin | 27.2% |
| Days cash on hand | 313 |
| Current ratio | 2.18 |
| Occupancy | 88% |
Facility
| Beds | 10 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 23 | $19.6M | $6.6M | -89.7% | 15.1% | 216 | 11.10 | 17% | 362 | 37 |
| 2022 | 23 | $15.8M | $5.4M | -114.2% | 13.6% | 400 | 2.78 | 4% | 362 | 37 |
| 2023 | — | $17.6M | $8.5M | -85.2% | 20.8% | 344 | 2.03 | — | — | 30 |
| 2024 | 10 | $20.8M | $14.4M | -86.0% | 27.2% | 313 | 2.18 | 88% | 11 | 25 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Karen Collins | operational/managerial control | 100 | 2013-08 | |
| Lafourche Parish Hospital Service District No 1 | 5% or greater direct ownership interest | 100 | 1966-01 | |
| Christy Chabert | w-2 managing employee | 2009-03 | ||
| Jacqueline Richoux | corporate director | 2013-02 | ||
| Jacqueline Richoux | w-2 managing employee | 2013-02 | ||
| Karen Collins | corporate director | 2013-08 | ||
| Karen Collins | w-2 managing employee | 2013-08 |
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 |