Post Acute Medical Of Hammond
dba Pam Specialty Hospital Of Hammond ·
Hammond, Tangiahoa County, LA
· CCN 192036
Licensed to Post Acute Medical At Hammond Llc
Composite
58.0
rank score
Distress
67
FY2023
Fit
65
vs thesis
Estimated ticket
$10.2M–$40.8M
40 beds ·
within envelope
Ownership
for-profit
LTCH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- debt above 70% of 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 · FY2023
| Net patient revenue | $12.8M |
| Operating margin | -9.3% |
| Total margin | -7.5% |
| Days cash on hand | 0 |
| Current ratio | 2.30 |
| Occupancy | 54% |
Facility
| Beds | 40 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 40 | $17.0M | $2.7M | 7.1% | 14.8% | 0 | 0.93 | 73% | 460 | 42 |
| 2021 | 40 | $17.5M | $2.0M | 7.3% | 10.7% | 0 | 1.98 | 71% | 448 | 27 |
| 2022 | 40 | $16.8M | $604K | 2.1% | 3.5% | 0 | 2.09 | 73% | 446 | 27 |
| 2023 | 40 | $12.8M | $-978K | -9.3% | -7.5% | 0 | 2.30 | 54% | 372 | 67 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Pam Cubed Llc | 5% or greater indirect ownership interest | 100 | 2012-12 | |
| Post Acute Medical Holdings For Hammond, Llc | 5% or greater direct ownership interest | 100 | 2012-12 | |
| Wells Fargo Bank, N.a. | 5% or greater security interest | 100 | 2024-07 | |
| Anthony Misitano | 5% or greater indirect ownership interest | 50 | 2012-12 | |
| Ba Healthcare Holdings, Llc | 5% or greater indirect ownership interest | 50 | 2012-12 | |
| Pam Cubed Llc | 5% or greater indirect ownership interest | 50 | 2024-07 | chain |
| Brittany Misitano | 5% or greater indirect ownership interest | 37 | 2024-07 | |
| Anthony Misitano | corporate officer | 2012-12 | ||
| John Bauer | corporate officer | 2012-12 | ||
| Karick Stober | corporate officer | 2016-04 | ||
| Micahel Harrell | w-2 managing employee | 2026-03 |
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 |