Oceans Behavioral Hospital Of Lake C
dba Oceans Behavioral Hospital Of Lake Charles ·
Lake Charles, Calcasieu Parish County, LA
· CCN 194090
Licensed to Oceans Behavioral Hospital Of Lake Charles Llc
Composite
26.5
rank score
Distress
0
FY2023
Fit
64
vs thesis
Estimated ticket
$5.5M–$22.0M
20 beds ·
within envelope
Ownership
for-profit
PE 1y
Why it ranks here
- recently acquired by private equity
- 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 | $6.9M |
| Operating margin | 19.8% |
| Total margin | 20.0% |
| Days cash on hand | — |
| Current ratio | 7.39 |
| Occupancy | 93% |
Facility
| Beds | 20 |
| 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 | 20 | $7.0M | $-963K | -20.3% | -12.9% | — | 2.38 | 54% | 1,066 | 60 |
| 2021 | 20 | $3.3M | $2.9M | -58.7% | 35.9% | 0 | 3.97 | 47% | 434 | 52 |
| 2022 | 20 | $5.9M | $463K | 1.5% | 7.4% | — | 8.51 | 87% | 752 | 9 |
| 2023 | 20 | $6.9M | $1.4M | 19.8% | 20.0% | — | 7.39 | 93% | 787 | 0 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Oceans Acquisition Inc | 5% or greater direct ownership interest | 100 | 2012-12 | |
| Oceans Buyer, Inc. | 5% or greater indirect ownership interest | 100 | 2022-02 | |
| Oceans Midco, Inc. | 5% or greater indirect ownership interest | 100 | 2022-02 | |
| Oceans Topco, Inc. | 5% or greater indirect ownership interest | 100 | 2022-02 | |
| Oceans Ultimate Holdco, Lp | 5% or greater indirect ownership interest | 100 | 2022-02 | |
| Webster Equity Partners V, Lp | 5% or greater indirect ownership interest | 51 | 2022-02 | PE |
| Webster Oceans Co-Investment Fund, Lp | 5% or greater indirect ownership interest | 33 | 2022-02 | |
| Wasque Partners Ii Spe, Lp | 5% or greater indirect ownership interest | 10 | 2022-02 | |
| Oceans Ultimate Holdco Gp, Llc | 5% or greater indirect ownership interest | 1 | 2022-02 | |
| Laura Tarantino | corporate officer | 2015-02 | ||
| Oceans Acquisition Inc | 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.
| 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 |