River Oaks Hospital
Harahanelo, Jefferson Parish County, LA
· CCN 194031
Licensed to River Oaks Inc
Composite
53.9
rank score
Distress
40
FY2023
Fit
85
vs thesis
Estimated ticket
$33.3M–$133M
121 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- under 30 days cash on hand
- liabilities exceed assets
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $26.9M |
| Operating margin | 2.6% |
| Total margin | 3.5% |
| Days cash on hand | 0 |
| Current ratio | 1.93 |
| Occupancy | 64% |
Facility
| Beds | 121 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $275K |
| Per-bed (high) | $1.1M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 126 | $24.9M | $3.2M | 11.4% | 12.8% | 0 | 1.42 | 69% | 4,235 | 37 |
| 2021 | 121 | $22.8M | $-2.2M | -11.1% | -9.7% | 0 | 0.74 | 65% | 4,091 | 91 |
| 2022 | 121 | $25.4M | $1.9M | 4.4% | 7.4% | 0 | 1.75 | 66% | 4,616 | 33 |
| 2023 | 121 | $26.9M | $955K | 2.6% | 3.5% | 0 | 1.93 | 64% | 4,322 | 40 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cheryl Ramagano | corporate officer | 100 | 2010-07 | |
| George Brunner | corporate officer | 100 | 2010-07 | |
| Katharine Lyver | corporate officer | 100 | 2024-01 | |
| Matthew Klein | corporate officer | 100 | 2010-07 | |
| Matthew Peterson | corporate officer | 100 | 2019-09 | |
| Matthew Peterson | operational/managerial control | 100 | 2019-09 | |
| Steve Filton | corporate officer | 100 | 2010-07 | |
| Steve Filton | operational/managerial control | 100 | 2010-07 | |
| Thomas Day | corporate officer | 100 | 2021-07 | |
| Uhs Of Delaware Inc | 5% or greater direct ownership interest | 100 | 1990-07 | chain |
| Uhs Of Delaware Inc | operational/managerial control | 100 | 2014-01 | chain |
| Universal Health Services Inc | 5% or greater indirect ownership interest | 100 | 1990-07 | |
| Alan Miller | 5% or greater indirect ownership interest | 87 | 2024-03 | |
| James Coleman | contracted managing employee | 50 | 2010-07 | |
| Matthew Peterson | corporate director | 33 | 2019-09 | |
| Steve Filton | corporate director | 33 | 2010-07 | |
| Thomas Day | corporate director | 33 | 2021-07 | |
| Joshua Sumrall | contracted managing employee | 2023-11 | ||
| Joshua Sumrall | corporate officer | 2023-11 | ||
| Linda Weymouth | contracted managing employee | 2021-10 | ||
| Linda Weymouth | corporate officer | 2021-10 |
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 |
|---|---|---|---|---|
| 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 |