Specialty Rehabilitation Hospital
Coushatta, Red River Parish County, LA
· CCN 193080
Licensed to Specialty Rehabilitation Hospital, L.l.c.
Composite
27.7
rank score
Distress
10
FY2023
Fit
58
vs thesis
Estimated ticket
$780K–$1.6M
12 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- margin deteriorating sharply
- rural — cheaper but limited density
- 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 · FY2023
| Net patient revenue | $5.7M |
| Operating margin | 9.5% |
| Total margin | 10.6% |
| Days cash on hand | 153 |
| Current ratio | 5.49 |
| Occupancy | 77% |
Facility
| Beds | 12 |
| Facility type | RH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $65.0K |
| Per-bed (high) | $130K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 12 | $5.1M | $1.1M | 14.1% | 20.3% | 268 | 1.41 | 85% | 255 | 3 |
| 2021 | 12 | $5.4M | $1.3M | 18.0% | 22.6% | 102 | 0.84 | 79% | 245 | 13 |
| 2022 | 12 | $5.5M | $2.6M | 11.8% | 34.7% | 119 | 4.26 | 82% | 263 | 4 |
| 2023 | 12 | $5.7M | $610K | 9.5% | 10.6% | 153 | 5.49 | 77% | 263 | 10 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Constance Ball | 5% or greater direct ownership interest | 2007-08 | ||
| Lisa Miller | w-2 managing employee | 2014-11 | ||
| Phillip Ball | 5% or greater direct ownership interest | 2007-08 | ||
| Phillip Ball | corporate director | 2007-08 | ||
| Tony Mccarthy | w-2 managing employee | 2008-10 |
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 |