Cornerstone Specialty Bossier City
dba Cornerstone Post Acute Care Of Bossier ·
Bossier City, Bossier County, LA
· CCN 192006
Licensed to Cornerstone Post Acute Care Of Bossier Llc
Already transacted. CMS recorded an ownership change effective
2025-02-01. Confirm the current owner before spending a call on this.
Composite
23.6
rank score
Distress
96
FY2024
Fit
60
vs thesis
Estimated ticket
$9.0M–$36.1M
43 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- current ratio below 0.8
- liabilities exceed assets
- occupancy 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- LTCH — distress here is a payment-model artifact
- small but workable bed count
- small ticket — deploys little of the available capital
- thin occupancy
- for-profit — no charitable conversion review
- changed ownership 2025-02-01 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $10.2M |
| Operating margin | -30.6% |
| Total margin | -21.3% |
| Days cash on hand | — |
| Current ratio | 0.31 |
| Occupancy | 33% |
Facility
| Beds | 43 |
| 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 | 43 | $20.5M | $4.8M | 21.1% | 22.9% | 0 | -0.18 | 81% | 501 | 36 |
| 2022 | 43 | $20.8M | $5.3M | 20.6% | 24.2% | 0 | -0.15 | 73% | 480 | 36 |
| 2023 | 43 | $15.7M | $139K | -3.1% | 0.8% | 0 | 0.86 | 57% | 379 | 63 |
| 2024 | 43 | $10.2M | $-2.4M | -30.6% | -21.3% | — | 0.31 | 33% | 214 | 96 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Trigon Healthcare Llc | 5% or greater direct ownership interest | 100 | 2025-02 | |
| Franklin Roemer | 5% or greater indirect ownership interest | 50 | 2025-02 | |
| James Manning | 5% or greater indirect ownership interest | 50 | 2025-02 | |
| Palmetto Health Management Llc | 5% or greater indirect ownership interest | 50 | 2025-02 | |
| Sixer Holdings Llc | 5% or greater indirect ownership interest | 50 | 2025-02 | |
| Franklin Roemer | corporate director | 2025-02 | ||
| Franklin Roemer | operational/managerial control | 2025-02 | ||
| James Manning | corporate director | 2025-02 | ||
| James Manning | operational/managerial control | 2025-02 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2025-02-01 | change of ownership | Cornerstone Post Acute Care Of... | Chg Hospital Bossier City Llc |
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 |