Bastrop Rehabilitation Hospital
dba Riverbend Rehabilitation Hospital ·
Monroe, Ouachita Parish County, LA
· CCN 193058
Licensed to Bastrop Rehabilitation Hospital, Llc
Composite
60.2
rank score
Distress
77
FY2024
Fit
64
vs thesis
Estimated ticket
$2.7M–$10.9M
12 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin negative
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $5.3M |
| Operating margin | -2.1% |
| Total margin | -4.8% |
| Days cash on hand | 19 |
| Current ratio | 0.13 |
| Occupancy | 68% |
Facility
| Beds | 12 |
| Facility type | RH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $228K |
| Per-bed (high) | $910K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 12 | $3.9M | $63.0K | -21.2% | 1.3% | 40 | 0.52 | 66% | 179 | 72 |
| 2022 | 12 | $5.1M | $636K | -0.2% | 11.0% | 49 | 0.59 | 73% | 205 | 57 |
| 2023 | 12 | $4.1M | $-747K | -22.3% | -18.1% | 6 | 0.21 | 53% | 166 | 93 |
| 2024 | 12 | $5.3M | $-255K | -2.1% | -4.8% | 19 | 0.13 | 68% | 210 | 77 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Wellness Enterprises, Llc | 5% or greater direct ownership interest | 100 | 1999-09 | |
| Wellness Enterprises, Llc | operational/managerial control | 100 | 1999-09 | |
| Walter Bigby | 5% or greater indirect ownership interest | 52 | 1999-09 | |
| Walter Bigby | corporate officer | 52 | 1999-09 | |
| Walter Bigby | operational/managerial control | 52 | 1999-09 | |
| Prestige Ventures Llc | 5% or greater indirect ownership interest | 48 | 2010-01 | |
| Alexander Blondeau | 5% or greater indirect ownership interest | 24 | 2010-01 | |
| Anrand Llc | 5% or greater indirect ownership interest | 24 | 2014-12 | |
| Anastasia Means | 5% or greater indirect ownership interest | 8 | 2014-12 | |
| Noble Means | 5% or greater indirect ownership interest | 8 | 2014-12 | |
| William Means | 5% or greater indirect ownership interest | 8 | 2014-02 | |
| James Smith | corporate director | 2010-01 | ||
| Matthew St. Amant | operational/managerial control | 2013-04 | ||
| Prestige Consulting, Inc. | operational/managerial control | 2004-06 | ||
| Stephen Florentine | w-2 managing employee | 2015-03 | ||
| William Means | corporate officer | 2010-01 | ||
| William Means | operational/managerial control | 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 |