Freedom Behavioral Hospital Of Monro
dba Freedom Behavioral Hospital Of Monroe ·
Ruston, Lincoln Parish County, LA
· CCN 194087
Licensed to Allegiance Health Center Of Ruston, Llc
Composite
36.9
rank score
Distress
20
FY2023
Fit
65
vs thesis
Estimated ticket
$2.3M–$4.6M
42 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- under 30 days cash on hand
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- specialty facility — narrower problem scope
- small but workable bed count
- 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 | $8.3M |
| Operating margin | 13.5% |
| Total margin | 14.2% |
| Days cash on hand | 15 |
| Current ratio | 2.77 |
| Occupancy | 64% |
Facility
| Beds | 42 |
| Facility type | PH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $55.0K |
| Per-bed (high) | $110K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 28 | $4.6M | $-515K | -60.5% | -8.4% | 56 | 0.68 | 53% | 284 | 88 |
| 2021 | 24 | $3.7M | $-596K | -46.7% | -15.3% | 99 | 0.74 | 42% | 338 | 79 |
| 2022 | 24 | $5.2M | $676K | -8.3% | 10.7% | 4 | 0.97 | 75% | 555 | 61 |
| 2023 | 42 | $8.3M | $1.2M | 13.5% | 14.2% | 15 | 2.77 | 64% | 930 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Rocknjay Investments Llc | 5% or greater direct ownership interest | 100 | 2026-01 | chain |
| Timothy Reed | operational/managerial control | 100 | 2020-01 | |
| Rock Bordelon | 5% or greater indirect ownership interest | 50 | 2026-01 | |
| Timothy Reed | 5% or greater indirect ownership interest | 50 | 2026-01 | |
| Azizah Verrett | contracted managing employee | 2026-01 | ||
| Me'chelle Allen | w-2 managing employee | 2026-02 | ||
| Rock Bordelon | operational/managerial control | 2006-02 | ||
| Tara Reed | contracted managing employee | 2026-01 | ||
| Zachary Ryder | contracted managing employee | 2026-01 |
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 |