dealflow
envelope $200M

← Targets

Acadia Vermilion Hospital

dba Vermilion Behavioral Health Systems · Lafayette, LA · CCN 194044
Licensed to Vermilion Hospital Llc

Composite
53.2
rank score
Distress
42
FY2023
Fit
81
vs thesis
Estimated ticket
$21.4M–$85.8M
78 beds · within envelope
Ownership
for-profit
PH

Why it ranks here

  • under 30 days cash on hand
  • current ratio below 0.8
  • 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 somewhat below the envelope
  • strong occupancy — good iteration surface
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$19.8M
Operating margin 7.2%
Total margin 7.8%
Days cash on hand 0
Current ratio 0.70
Occupancy81%

Facility

Beds78
Facility typePH
Settingurban
Ownership classfor-profit
Per-bed (low) $275K
Per-bed (high) $1.1M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 78 $19.2M $4.0M 20.6% 20.3% 0 0.84 89% 3,278 39
2021 78 $19.2M $4.3M 22.1% 22.3% 0 0.82 87% 3,238 31
2022 78 $17.6M $1.4M 7.3% 7.8% 0 0.84 78% 3,133 31
2023 78 $19.8M $1.6M 7.2% 7.8% 0 0.70 81% 3,055 42

Owners

OwnerRole%SinceType
Acadia Healthcare Company Inc
Franklin, TN
5% or greater direct ownership interest 100 2012-01 chain
Amy Apperson w-2 managing employee 2023-01
Brian Farley corporate officer 2023-07
Deborah Kraemer w-2 managing employee 2012-06
Debra Osteen corporate officer 2026-01
Stacie Harty w-2 managing employee 2018-06
Timothy Sides w-2 managing employee 2023-06
Todd Young corporate officer 2025-10

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.

DateBuyerSellerHospitalBeds
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