Oceans Behavioral Hospital Of Opelou
dba Oceans Behavioral Hospital Of Opelousas ·
Opelousas, St. Landry Parish County, LA
· CCN 194095
Licensed to Oceans Behavioral Hospital Of Opelousas Llc
Composite
27.5
rank score
Distress
8
FY2023
Fit
58
vs thesis
Estimated ticket
$1.1M–$2.2M
20 beds ·
within envelope
Ownership
for-profit
PE 1y
Why it ranks here
- margin deteriorating
- recently acquired by private equity
- rural — cheaper but limited density
- 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 | $7.3M |
| Operating margin | 16.9% |
| Total margin | 17.0% |
| Days cash on hand | — |
| Current ratio | 17.84 |
| Occupancy | 87% |
Facility
| Beds | 20 |
| 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 | 20 | $6.4M | $1.7M | 1.0% | 21.3% | — | 5.71 | 82% | 618 | 9 |
| 2021 | 20 | $6.4M | $1.4M | 16.3% | 20.4% | 0 | 7.18 | 90% | 685 | 22 |
| 2022 | 20 | $6.6M | $777K | 11.8% | 11.8% | — | 18.04 | 87% | 734 | 0 |
| 2023 | 20 | $7.3M | $1.2M | 16.9% | 17.0% | — | 17.84 | 87% | 795 | 8 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Oceans Acquisition Inc | 5% or greater indirect 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 | |
| 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 |