Cypress Grove Behavioral Health
dba Freedom Behavioral Hospital Of Bastrop ·
Bastrop, Morehouse Parish County, LA
· CCN 194083
Licensed to Tdpk, Llc
Composite
47.4
rank score
Distress
36
FY2023
Fit
78
vs thesis
Estimated ticket
$16.5M–$66.0M
60 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin negative
- under 30 days cash on hand
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $9.0M |
| Operating margin | -2.8% |
| Total margin | 6.9% |
| Days cash on hand | 3 |
| Current ratio | 5.89 |
| Occupancy | 54% |
Facility
| Beds | 60 |
| 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 | 60 | $3.6M | $172K | 4.7% | 4.8% | 60 | 1.91 | 40% | 704 | 20 |
| 2021 | 60 | $7.9M | $263K | 3.3% | 3.3% | 7 | 9.91 | 91% | 1,811 | 22 |
| 2022 | 60 | $8.7M | $306K | -1.0% | 3.4% | 4 | 12.34 | 55% | 1,611 | 40 |
| 2023 | 60 | $9.0M | $688K | -2.8% | 6.9% | 3 | 5.89 | 54% | 1,177 | 36 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Freedom Behavioral Hospital Of Bastrop Llc | 5% or greater direct ownership interest | 100 | 2024-04 | |
| Rocknjay Investments Llc | 5% or greater indirect ownership interest | 80 | 2024-04 | |
| Rock Bordelon | 5% or greater indirect ownership interest | 40 | 2024-04 | |
| Timothy Reed | 5% or greater indirect ownership interest | 40 | 2024-04 | |
| Pkc Investments, Llc | 5% or greater indirect ownership interest | 10 | 2024-04 | |
| Tcd Holdings Llc | 5% or greater indirect ownership interest | 10 | 2024-04 | |
| Thomas Dansby | 5% or greater indirect ownership interest | 10 | 2010-05 | |
| Kelly Coburn | 5% or greater indirect ownership interest | 5 | 2020-05 | |
| Paul Coburn | 5% or greater indirect ownership interest | 5 | 2020-05 | |
| Azizah Verrett | contracted managing employee | 2024-04 | ||
| Jordon Guillot | w-2 managing employee | 2025-05 | ||
| Susan Garriga | contracted managing employee | 2025-01 | ||
| Tara Reed | contracted managing employee | 2024-04 | ||
| Timothy Reed | corporate officer | 2024-04 | ||
| Timothy Reed | operational/managerial control | 2024-04 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-05-22 | change of ownership | Tdpk, Llc | Cypress Grove Behavioral Health Llc |
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 |