dealflow
envelope $200M

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Oceans Behavioral Hospital Of Deridd

dba Oceans Behavioral Hospital Of Deridder · Deridder, Beauregard Parish County, LA · CCN 194081
Licensed to Oceans Behavioral Hospital Of Deridder Llc

Composite
24.1
rank score
Distress
0
FY2023
Fit
58
vs thesis
Estimated ticket
$1.1M–$2.2M
20 beds · within envelope
Ownership
for-profit
PE 1y

Why it ranks here

  • recently acquired by private equity
  • 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$5.9M
Operating margin 18.7%
Total margin 18.7%
Days cash on hand
Current ratio 16.88
Occupancy82%

Facility

Beds20
Facility typePH
Settingrural
Ownership classfor-profit
Per-bed (low) $55.0K
Per-bed (high) $110K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 20 $4.2M $842K 11.6% 18.3% 8.22 69% 437 0
2021 20 $5.6M $1.6M 24.3% 26.8% 0 12.97 87% 558 22
2022 20 $5.6M $1.2M 20.7% 20.7% 15.14 83% 570 0
2023 20 $5.9M $1.1M 18.7% 18.7% 16.88 82% 577 0

Owners

OwnerRole%SinceType
Oceans Acquisition Inc
Plano, TX
5% or greater direct ownership interest 100 2012-12
Oceans Buyer, Inc.
Waltham, MA
5% or greater indirect ownership interest 100 2022-02
Oceans Midco, Inc.
Waltham, MA
5% or greater indirect ownership interest 100 2022-02
Oceans Topco, Inc.
Waltham, MA
5% or greater indirect ownership interest 100 2022-02
Oceans Ultimate Holdco, Lp
Waltham, MA
5% or greater indirect ownership interest 100 2022-02
Webster Equity Partners V, Lp
Waltham, MA
5% or greater indirect ownership interest 51 2022-02 PE
Webster Oceans Co-Investment Fund, Lp
Waltham, MA
5% or greater indirect ownership interest 33 2022-02
Wasque Partners Ii Spe, Lp
West Palm Beach, FL
5% or greater indirect ownership interest 10 2022-02
Laura Tarantino corporate officer 2015-02
Nomica Guillory w-2 managing employee 2022-09
Oceans Acquisition Inc
Plano, TX
operational/managerial control 2016-01
Stuart Archer corporate director 2014-11
Stuart Archer operational/managerial control 2016-01

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.

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