Northshore Extended Care Hospital
Lacombe, St. Tammany Parish County, LA · CCN 192023
Composite
65.7
rank score
Distress
96
FY2024
Fit
56
vs thesis
Estimated ticket
$6.3M–$25.2M
30 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
- very small ticket — sub-scale as a platform asset
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $3.6M |
| Operating margin | -85.3% |
| Total margin | -31.5% |
| Days cash on hand | — |
| Current ratio | 0.05 |
| Occupancy | 44% |
Facility
| Beds | 30 |
| 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 | 30 | $14.6M | $-1.4M | -14.4% | -8.9% | — | 0.32 | 98% | 349 | 89 |
| 2021 | 30 | $11.1M | $-1.2M | -12.4% | -10.5% | — | 0.23 | 86% | 245 | 89 |
| 2022 | 30 | $15.3M | $-1.8M | -17.9% | -11.3% | — | 0.17 | 95% | 416 | 89 |
| 2023 | 30 | $12.8M | $-3.2M | -41.4% | -21.7% | — | 0.11 | 64% | 292 | 89 |
| 2024 | 30 | $3.6M | $-1.6M | -85.3% | -31.5% | — | 0.05 | 44% | 77 | 96 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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 |