St. James Behavioral Health Hosp
Gonzales, Ascension County, LA
· CCN 194088
Licensed to St. James Behavioral Health Hospital Inc
Composite
56.1
rank score
Distress
58
FY2023
Fit
75
vs thesis
Estimated ticket
$7.5M–$29.9M
32 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin below -10%
- total margin under 2%
- under 30 days cash on hand
- liabilities exceed assets
- 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 · FY2023
| Net patient revenue | $8.9M |
| Operating margin | -15.0% |
| Total margin | 0.9% |
| Days cash on hand | 0 |
| Current ratio | 4.33 |
| Occupancy | 85% |
Facility
| Beds | 32 |
| 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 | 32 | $8.3M | $77.6K | -10.8% | 0.8% | 7 | 3.45 | 86% | 1,377 | 64 |
| 2021 | 32 | $8.2M | $-4.6K | -0.5% | -0.1% | 6 | 7.99 | 82% | 1,300 | 57 |
| 2022 | 32 | $7.9M | $-239K | -9.0% | -2.8% | 9 | 4.54 | 86% | 1,550 | 63 |
| 2023 | 32 | $8.9M | $88.3K | -15.0% | 0.9% | 0 | 4.33 | 85% | 1,498 | 58 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Gopinath Kongara | 5% or greater direct ownership interest | 25 | 2016-04 | |
| Wendell Smith | 5% or greater direct ownership interest | 25 | 2006-03 | |
| Wendell Smith | corporate director | 25 | 2011-09 | |
| Gopinath Gopalam | 5% or greater direct ownership interest | 2004-03 | ||
| Gopinath Kongara | corporate director | 2016-04 | ||
| Rama Kongara | 5% or greater direct ownership interest | 2006-03 | ||
| Rama Kongara | corporate director | 2006-03 | ||
| Wendell Smith | w-2 managing employee | 2011-09 |
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 |