Oceans Behavioral Hospital Of Greate
dba Oceans Behavioral Hospital Of Greater New Orleans ·
Kenner, Jefferson Parish County, LA
· CCN 194098
Licensed to Oceans Behavioral Hospital Of Greater New Orleans Llc
Composite
36.7
rank score
Distress
8
FY2023
Fit
81
vs thesis
Estimated ticket
$22.6M–$90.2M
82 beds ·
within envelope
Ownership
for-profit
PE 1y
Why it ranks here
- margin deteriorating
- recently acquired by private equity
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $20.7M |
| Operating margin | 11.9% |
| Total margin | 12.1% |
| Days cash on hand | — |
| Current ratio | 9.00 |
| Occupancy | 77% |
Facility
| Beds | 82 |
| 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 | 46 | $11.6M | $2.0M | 10.3% | 15.9% | — | 8.93 | 107% | 1,438 | 0 |
| 2021 | 82 | $17.0M | $1.8M | 9.7% | 10.7% | 0 | 10.16 | 79% | 2,222 | 22 |
| 2022 | 82 | $17.3M | $724K | 4.2% | 4.2% | — | 8.73 | 71% | 2,552 | 0 |
| 2023 | 82 | $20.7M | $2.5M | 11.9% | 12.1% | — | 9.00 | 77% | 2,340 | 8 |
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 |