East La State Mental Health System
dba Eastern Louisiana Mental Health System ·
Jackson, East Feliciana Parish County, LA
· CCN 194008
Licensed to East Louisiana State Hospital
Composite
68.7
rank score
Distress
83
FY2023
Fit
78
vs thesis
Estimated ticket
$64.3M–$257M
334 beds ·
within envelope
Ownership
government
PH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- large — ticket likely stretches the envelope
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $121K |
| Operating margin | -146,573.2% |
| Total margin | -146,573.2% |
| Days cash on hand | — |
| Current ratio | — |
| Occupancy | 99% |
Facility
| Beds | 334 |
| Facility type | PH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $192K |
| Per-bed (high) | $770K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 334 | $118K | $-154M | -129,819.0% | -129,819.0% | — | — | 97% | 221 | 83 |
| 2022 | 334 | $121K | $-158M | -130,922.0% | -130,922.0% | — | — | 99% | 205 | 83 |
| 2023 | 334 | $121K | $-177M | -146,573.2% | -146,573.2% | — | — | 99% | 224 | 83 |
| 2024 | 334 | — | $-192M | — | — | — | — | 100% | 234 | — |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brandi Castiglone | corporate officer | 2024-02 | ||
| Brandi Castiglone | operational/managerial control | 2024-02 | ||
| Healther Giammanchere | other | 2025-06 | ||
| Jessica Banford | other | 2015-02 |
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 |
|---|---|---|---|---|
| 2020-05-22 | Tdpk, Llc | Cypress Grove Behavioral Health Llc | Cypress Grove Behavioral Health | 60 |
| 2016-11-10 | Ness Healthcare Nfp | Mbh Of Louisiana, Llc | Northlake Behavioral Health System | 140 |