La Extended Care Of Lafayette
dba Louisiana Extended Care Hospital Of Lafayette ·
Lafayette, Lafayette Parish County, LA
· CCN 192032
Licensed to Lhcg Xii, Llc
Composite
58.8
rank score
Distress
69
FY2024
Fit
65
vs thesis
Estimated ticket
$12.2M–$49.0M
48 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- current ratio below 0.8
- 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 | $16.0M |
| Operating margin | -5.4% |
| Total margin | -5.4% |
| Days cash on hand | — |
| Current ratio | -0.12 |
| Occupancy | 59% |
Facility
| Beds | 48 |
| Facility type | LTCH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $255K |
| Per-bed (high) | $1.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 50 | $21.5M | $716K | 3.7% | 3.3% | — | -0.10 | 78% | 705 | 17 |
| 2022 | 48 | $18.3M | $772K | 4.2% | 4.2% | — | -0.14 | 76% | 530 | 17 |
| 2023 | 48 | $18.0M | $942K | 5.2% | 5.2% | — | -0.09 | 60% | 444 | 20 |
| 2024 | 48 | $16.0M | $-858K | -5.4% | -5.4% | — | -0.12 | 59% | 376 | 69 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Phg - Lafayette Llc | 5% or greater direct ownership interest | 100 | 2024-11 | |
| B & C Fox Enterprises Llc | 5% or greater indirect ownership interest | 33 | 2024-11 | |
| Klw Assets Llc | 5% or greater indirect ownership interest | 33 | 2024-11 | |
| Robert Fox | 5% or greater indirect ownership interest | 33 | 2024-11 | |
| Rice Equity Group Llc | 5% or greater indirect ownership interest | 23 | 2024-11 | |
| Christopher Wright | 5% or greater indirect ownership interest | 17 | 2024-11 | |
| Lauren Wright | 5% or greater indirect ownership interest | 17 | 2024-11 | |
| Alexander Rice | 5% or greater indirect ownership interest | 10 | 2024-11 | |
| Christopher Rice | 5% or greater indirect ownership interest | 10 | 2024-11 | |
| Rice Business Enterprises Llc | 5% or greater indirect ownership interest | 10 | 2024-11 | |
| Mark Rice | 5% or greater indirect ownership interest | 7 | 2024-11 | |
| Julie Pittman | 5% or greater indirect ownership interest | 5 | 2024-11 | |
| Christopher Wright | corporate director | 2024-11 | ||
| Luke Moody | w-2 managing employee | 2022-06 | ||
| Mark Rice | corporate director | 2024-11 | ||
| Meagan Falgout | w-2 managing employee | 2022-04 | ||
| Priority Hospital Group Llc | operational/managerial control | 2024-11 | chain | |
| Robert Fox | corporate director | 2024-11 | ||
| Suzanne Gras | corporate officer | 2024-11 |
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 |