Riverbridge Specialty Hospital
Vidalia, Concordia Parish County, LA
· CCN 192028
Licensed to Professional Rehabilitation Hospital Llc
Composite
55.7
rank score
Distress
68
FY2023
Fit
58
vs thesis
Estimated ticket
$2.0M–$4.1M
40 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- 30-60 days cash on hand
- current ratio under 1.5
- debt above 70% of assets
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- LTCH — distress here is a payment-model artifact
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $12.9M |
| Operating margin | -18.2% |
| Total margin | -7.4% |
| Days cash on hand | 33 |
| Current ratio | 1.09 |
| Occupancy | 71% |
Facility
| Beds | 40 |
| Facility type | LTCH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $51.0K |
| Per-bed (high) | $102K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 40 | $12.6M | $3.2M | -4.2% | 19.6% | 98 | 1.71 | 68% | 475 | 20 |
| 2021 | 40 | $12.9M | $2.2M | 1.9% | 14.6% | 49 | 2.09 | 72% | 335 | 23 |
| 2022 | 40 | $12.8M | $1.9M | -6.1% | 12.2% | 63 | 2.51 | 71% | 572 | 32 |
| 2023 | 40 | $12.9M | $-1.0M | -18.2% | -7.4% | 33 | 1.09 | 71% | 572 | 68 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Christopher Cheek | 5% or greater indirect ownership interest | 78 | 2019-05 | |
| Christopher Cheek | corporate officer | 78 | 2019-05 | |
| Randa Craig | corporate officer | 78 | 2025-06 | |
| Sentry Concordia Llc | 5% or greater direct ownership interest | 78 | 2019-05 | |
| Sonja Watkins | corporate officer | 78 | 2019-05 | |
| Micahel Harrell | w-2 managing employee | 50 | 2015-02 | |
| Sentry- Properties Inc | operational/managerial control | 50 | 2019-05 | chain |
| Sentrycare Inc | operational/managerial control | 50 | 2019-05 | |
| Tillman Management Services Llc | operational/managerial control | 50 | 2019-05 | |
| Clifford Tillman | 5% or greater direct ownership interest | 22 | 2007-12 |
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 |