Reeves Memorial Medical Center
Bernice, LA
· CCN 191326
Licensed to Ward 3 4 & 10 Hospital Service District Of Parish Of Union
Composite
18.7
rank score
Distress
14
FY2023
Fit
31
vs thesis
Estimated ticket
$1.3M–$2.5M
15 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin under 2%
- occupancy below 30%
- rural — cheaper but limited density
- very small facility
- 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 | $13.6M |
| Operating margin | 0.8% |
| Total margin | 11.6% |
| Days cash on hand | 1,078 |
| Current ratio | 37.84 |
| Occupancy | 24% |
Facility
| Beds | 15 |
| 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 | 15 | $28.4M | $1.4M | 62.2% | 4.7% | 420 | 1.99 | 27% | 114 | 9 |
| 2021 | 15 | $29.5M | $4.2M | 61.8% | 12.3% | 430 | 3.20 | 19% | 116 | 9 |
| 2022 | 15 | $34.0M | $2.2M | 64.5% | 6.0% | 356 | 10.76 | 20% | 123 | 9 |
| 2023 | 15 | $13.6M | $2.0M | 0.8% | 11.6% | 1,078 | 37.84 | 24% | 79 | 14 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Barbara Jones | w-2 managing employee | 2013-11 | ||
| David Caston | operational/managerial control | 2019-05 | ||
| Robert Welch | corporate officer | 2023-07 | ||
| Robin Adams | corporate officer | 2015-10 |
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 |