Ochsner Extended Care Hospital
Jefferson, Jefferson Parish County, LA
· CCN 192015
Licensed to Louisiana Extended Care Hospital Of Kenner, Llc
Composite
69.5
rank score
Distress
92
FY2024
Fit
65
vs thesis
Estimated ticket
$7.3M–$29.4M
35 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 45-60%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- 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
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $10.2M |
| Operating margin | -29.7% |
| Total margin | -29.7% |
| Days cash on hand | — |
| Current ratio | 0.23 |
| Occupancy | 54% |
Facility
| Beds | 35 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 32 | $3.6M | $-20.9K | -26.2% | -0.5% | — | 1.04 | 6% | 82 | 67 |
| 2021 | 35 | $16.1M | $-2.0M | -9.0% | -13.2% | — | 0.79 | 83% | 335 | 77 |
| 2022 | 35 | $12.9M | $-3.1M | -24.2% | -24.2% | — | 0.39 | 75% | 295 | 89 |
| 2023 | 35 | $13.3M | $-1.9M | -14.1% | -14.1% | — | 0.33 | 38% | 294 | 96 |
| 2024 | 35 | $10.2M | $-3.0M | -29.7% | -29.7% | — | 0.23 | 54% | 228 | 92 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ochsner Clinic Foundation | 5% or greater indirect ownership interest | 100 | 2025-01 | chain |
| Omc-Kenner Holdings, L.l.c. | 5% or greater direct ownership interest | 100 | 2009-04 | |
| James Molloy | corporate officer | 2025-01 | ||
| Omc-Kenner Holdings, L.l.c. | operational/managerial control | 2025-04 | ||
| Peter November | corporate officer | 2025-01 | ||
| Timothy Riddell | corporate officer | 2026-01 | ||
| William Wright | corporate officer | 2025-01 | ||
| William Wright | w-2 managing employee | 2025-01 |
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 |
|---|---|---|---|---|
| 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 |