Rehab Hospital Of Jennings
dba Rehabilitation Hospital Of Jennings ·
Jennings, LA
· CCN 193067
Licensed to Acadia Rehabilitation Hospital, Llc
Composite
35.4
rank score
Distress
19
FY2024
Fit
67
vs thesis
Estimated ticket
$8.8M–$35.1M
27 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- 90-150 days cash on hand
- occupancy 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- small but workable bed count
- small ticket — deploys little of the available capital
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $5.7M |
| Operating margin | 7.2% |
| Total margin | 9.2% |
| Days cash on hand | 98 |
| Current ratio | 4.70 |
| Occupancy | 37% |
Facility
| Beds | 27 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 27 | $5.9M | $1.3M | 22.5% | 22.5% | 250 | 1.75 | 40% | 281 | 6 |
| 2022 | 27 | $5.1M | $243K | -7.8% | 4.3% | 39 | 3.88 | 34% | 259 | 44 |
| 2023 | 27 | $6.6M | $3.0M | 22.7% | 36.7% | 80 | 7.87 | 44% | 326 | 16 |
| 2024 | 27 | $5.7M | $535K | 7.2% | 9.2% | 98 | 4.70 | 37% | 279 | 19 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Michael Holland | general partnership interest | 54 | 2001-02 | |
| Brian Wilder | 5% or greater direct ownership interest | 11 | 2006-07 | |
| Patrick Griffith | 5% or greater direct ownership interest | 11 | 2006-07 | |
| Patrick Leleux | 5% or greater direct ownership interest | 6 | 2009-06 | |
| Richard Edwards | general partnership interest | 5 | 2015-01 | |
| James Mcnally | general partnership interest | 3 | 2009-06 | |
| Stuart Begnaud | general partnership interest | 3 | 2006-07 | |
| John Segura | general partnership interest | 3 | 2018-01 | |
| Robert Aertker | general partnership interest | 2 | 2022-01 | |
| Ryan Edwards | general partnership interest | 2 | 2022-01 | |
| Dwight Curtis | general partnership interest | 2 | 2006-07 | |
| Alison Mcfarlain | w-2 managing employee | 2026-01 | ||
| Donna Richard | w-2 managing employee | 2011-09 | ||
| Michael Holland | corporate director | 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 |
|---|---|---|---|---|
| 2024-01-01 | Rosemill Llc | United Medical Healthcare Inc | United Medical Rehabilitation Hospit | 40 |