Kpc Promise Hospital Of Baton Rouge
dba Baton Rouge Specialty Hospital ·
Baton Rouge, E. Baton Rouge Parish County, LA
· CCN 192004
Licensed to Baton Rouge Specialty Hospital
Already transacted. CMS recorded an ownership change effective
2024-05-19. Confirm the current owner before spending a call on this.
Composite
20.4
rank score
Distress
72
FY2024
Fit
65
vs thesis
Estimated ticket
$11.3M–$45.4M
54 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- bed count in the target band
- small ticket — deploys little of the available capital
- moderate occupancy
- for-profit — no charitable conversion review
- changed ownership 2024-05-19 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $9.9M |
| Operating margin | -16.9% |
| Total margin | -16.4% |
| Days cash on hand | 30 |
| Current ratio | 2.81 |
| Occupancy | 56% |
Facility
| Beds | 54 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $210K |
| Per-bed (high) | $840K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 54 | $19.5M | $1.4M | 5.7% | 6.8% | 0 | 5.98 | 78% | 597 | 22 |
| 2022 | 54 | $17.4M | $-217K | -4.2% | -1.2% | 0 | 4.30 | 70% | 478 | 46 |
| 2023 | 54 | $16.9M | $423K | 1.9% | 2.5% | 0 | 3.63 | 59% | 474 | 31 |
| 2024 | 54 | $9.9M | $-1.6M | -16.9% | -16.4% | 30 | 2.81 | 56% | 300 | 72 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Gurpreet Randhawa | 5% or greater direct ownership interest | 100 | 2024-05 | |
| Baton Rouge Specialty Hospital | 5% or greater direct ownership interest | 2024-05 | ||
| Shamsher Bhullar | operational/managerial control | 2024-05 | ||
| Tammy Thompson | corporate officer | 2024-05 | ||
| Tammy Thompson | operational/managerial control | 2024-05 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-05-19 | change of ownership | Baton Rouge Specialty Hospital | Kpc Promise Hospital Of Baton... |
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 |
|---|---|---|---|---|
| 2025-03-01 | Sage Specialty Hospital Of Lake... | Chg Hospital Sulphur Llc | Cornerstone Specialty Southwest Loui | 28 |
| 2025-02-01 | Cornerstone Post Acute Care Of Bossier Llc | Chg Hospital Bossier City Llc | Cornerstone Specialty Bossier City | 43 |
| 2024-05-19 | Baton Rouge Specialty Hospital | Kpc Promise Hospital Of Baton Rouge, Llc | Kpc Promise Hospital Of Baton Rouge | 54 |
| 2019-09-30 | Pam Specialty Hospital Of Shreveport Llc | New Lifecare Hospitals, Llc | Pam Specialty Hospital Of Shreveport | 24 |
| 2019-08-30 | Intensive Specialty Hospital, Llc | Promise Hospital Of Louisiana, Inc | Intensive Specialty Hospital | 205 |
| 2017-08-31 | Sage Ltac Llc | Ltac Hospital Of Louisiana -... | Sage Specialty Care Hospital | 59 |