United Medical Healthwest - New Orl
dba United Medical Rehab Hospital-Gretna ·
Gretna, Jefferson Parish County, LA
· CCN 193074
Licensed to United Medical Healthwest New Orleans Llc
Composite
66.7
rank score
Distress
94
FY2024
Fit
61
vs thesis
Estimated ticket
$4.5M–$18.2M
20 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 45-60%
- 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
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $4.3M |
| Operating margin | -27.1% |
| Total margin | -21.7% |
| Days cash on hand | 4 |
| Current ratio | 0.07 |
| Occupancy | 48% |
Facility
| Beds | 20 |
| 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 | 15 | $4.6M | $-265K | -5.8% | -5.8% | 1 | 0.41 | 67% | 255 | 81 |
| 2022 | 20 | $4.9M | $260K | -0.5% | 5.1% | 0 | 0.42 | 56% | 262 | 64 |
| 2023 | 20 | $3.7M | $-1.2M | -39.1% | -31.1% | 2 | 0.07 | 46% | 216 | 93 |
| 2024 | 20 | $4.3M | $-976K | -27.1% | -21.7% | 4 | 0.07 | 48% | 220 | 94 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| John Mills | 5% or greater direct ownership interest | 100 | 2007-05 | |
| Cyrillia Bonds | w-2 managing employee | 10 | 2017-01 |
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 |