Community Care Hospital
New Orleans, Orleans County, LA
· CCN 194056
Licensed to Community Care Llc
Composite
53.4
rank score
Distress
52
FY2024
Fit
75
vs thesis
Estimated ticket
$8.9M–$35.5M
38 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- small but workable bed count
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $6.5M |
| Operating margin | 6.8% |
| Total margin | 7.1% |
| Days cash on hand | 0 |
| Current ratio | 0.15 |
| Occupancy | 63% |
Facility
| Beds | 38 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $234K |
| Per-bed (high) | $935K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 38 | $7.0M | $1.0M | -2.3% | 12.6% | 9 | 0.72 | 69% | 1,332 | 62 |
| 2022 | 38 | $5.8M | $87.5K | -18.7% | 1.3% | 0 | 0.29 | 62% | 1,290 | 78 |
| 2023 | 38 | $7.1M | $847K | 11.7% | 11.9% | 1 | 0.30 | 62% | 1,232 | 43 |
| 2024 | 38 | $6.5M | $461K | 6.8% | 7.1% | 0 | 0.15 | 63% | 1,186 | 52 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Paul Kavanaugh | 5% or greater direct ownership interest | 100 | 2021-05 | |
| Paul Kavanaugh | w-2 managing employee | 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 |
|---|---|---|---|---|
| 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 |