Oceans Behavioral Hospital Of Hammon
dba Oceans Behavioral Hospital Of Hammond ·
Kentwood, Tangipahoa Parish County, LA
· CCN 194091
Licensed to Oceans Behavioral Hospital Of Kentwood Llc
Composite
35.9
rank score
Distress
20
FY2023
Fit
65
vs thesis
Estimated ticket
$2.9M–$5.7M
52 beds ·
within envelope
Ownership
for-profit
PE 1y
Why it ranks here
- under 30 days cash on hand
- recently acquired by private equity
- rural — cheaper but limited density
- specialty facility — narrower problem scope
- bed count in the target band
- 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 | $16.1M |
| Operating margin | 28.1% |
| Total margin | 28.2% |
| Days cash on hand | 2 |
| Current ratio | 16.54 |
| Occupancy | 88% |
Facility
| Beds | 52 |
| 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 | 32 | $7.2M | $1.4M | 4.4% | 16.7% | — | 6.28 | 75% | 977 | 0 |
| 2021 | 52 | $11.7M | $2.8M | 22.0% | 23.6% | 1 | 8.39 | 87% | 1,669 | 22 |
| 2022 | 52 | $14.6M | $3.9M | 26.8% | 26.8% | 2 | 13.20 | 87% | 2,029 | 22 |
| 2023 | 52 | $16.1M | $4.5M | 28.1% | 28.2% | 2 | 16.54 | 88% | 1,739 | 20 |
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 | |
| Allen Mccartney | w-2 managing employee | 2020-07 | ||
| 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 |