Baton Rouge Rehab Hospital
Baton Rouge, East Baton Rouge County, LA
· CCN 193028
Licensed to Baton Rouge Rehabilitation Hospital Llc
Composite
38.2
rank score
Distress
20
FY2023
Fit
73
vs thesis
Estimated ticket
$26.3M–$105M
81 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- 60-90 days cash on hand
- occupancy 30-45%
- margin deteriorating
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $22.6M |
| Operating margin | 23.3% |
| Total margin | 23.4% |
| Days cash on hand | 63 |
| Current ratio | 5.38 |
| Occupancy | 35% |
Facility
| Beds | 81 |
| Facility type | RH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $325K |
| Per-bed (high) | $1.3M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 81 | $17.5M | $4.6M | 25.0% | 25.7% | 161 | 1.82 | 34% | 786 | 6 |
| 2021 | 81 | $18.4M | $5.2M | 23.5% | 26.5% | 118 | 1.89 | 35% | 807 | 10 |
| 2022 | 81 | $20.9M | $5.8M | 24.7% | 26.8% | 26 | 3.37 | 35% | 766 | 28 |
| 2023 | 81 | $22.6M | $5.3M | 23.3% | 23.4% | 63 | 5.38 | 35% | 835 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Behavioral Health Inc | 5% or greater direct ownership interest | 45 | 2010-01 | |
| Samuel Williamson | operational/managerial control | 45 | 2010-01 | |
| Broc Rehab, Llc | 5% or greater direct ownership interest | 2010-01 | ||
| Hmg Physicians Llc | 5% or greater direct ownership interest | 2010-01 | ||
| Kendall Johnson | 5% or greater direct ownership interest | 2010-01 | ||
| Lindsay Shelton | w-2 managing employee | 2022-04 | ||
| Reginald Griffith | 5% or greater direct ownership interest | 2010-01 | ||
| Trisha Guidry | w-2 managing employee | 2016-11 | ||
| Venkatram Banda | 5% or greater direct ownership interest | 2010-01 |
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 |
|---|---|---|---|---|
| 2024-01-01 | Rosemill Llc | United Medical Healthcare Inc | United Medical Rehabilitation Hospit | 40 |