Compass Behavioral Center Llc
dba Compass Behavioral Center ·
Crowley, Acadia Parish County, LA
· CCN 194085
Licensed to Compass Behavioral Center Llc
Composite
56.7
rank score
Distress
69
FY2023
Fit
64
vs thesis
Estimated ticket
$5.6M–$22.4M
24 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin -10% to -5%
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- 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 | $7.8M |
| Operating margin | -5.2% |
| Total margin | -1.6% |
| Days cash on hand | 1 |
| Current ratio | -0.88 |
| Occupancy | 72% |
Facility
| Beds | 24 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 34 | $5.5M | $428K | 1.6% | 7.4% | 3 | -0.28 | 27% | 290 | 51 |
| 2021 | 24 | $6.3M | $370K | -0.1% | 5.6% | 1 | -0.51 | 49% | 425 | 53 |
| 2022 | 24 | $6.7M | $241K | -2.3% | 3.4% | 1 | -0.69 | 52% | 678 | 53 |
| 2023 | 24 | $7.8M | $-131K | -5.2% | -1.6% | 1 | -0.88 | 72% | 921 | 69 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cullen Holdings Llc | 5% or greater direct ownership interest | 100 | 2015-12 | |
| Mark Cullen | 5% or greater indirect ownership interest | 71 | 2015-12 | |
| Lynn Cullen | 5% or greater indirect ownership interest | 10 | 2015-12 | |
| Allison Kidder | w-2 managing employee | 2012-06 | ||
| Mark Cullen | corporate officer | 2015-12 | ||
| Mark Cullen | corporate director | 2005-09 |
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 |