Seaside Behavioral Center Llc
New Orleans, LA · CCN 194100
Composite
65.1
rank score
Distress
78
FY2024
Fit
75
vs thesis
Estimated ticket
$6.5M–$26.2M
34 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- current ratio below 0.8
- 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 · FY2024
| Net patient revenue | $8.5M |
| Operating margin | -17.6% |
| Total margin | -4.8% |
| Days cash on hand | 0 |
| Current ratio | 0.09 |
| Occupancy | 67% |
Facility
| Beds | 34 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $192K |
| Per-bed (high) | $770K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 49 | $11.5M | $-447K | -9.1% | -3.7% | 0 | 0.18 | 81% | 1,600 | 70 |
| 2021 | 41 | $10.2M | $-1.1M | -11.4% | -11.1% | 0 | 0.25 | 79% | 1,357 | 91 |
| 2022 | 34 | $8.7M | $-77.4K | -10.8% | -0.8% | 0 | 0.12 | 78% | 1,030 | 82 |
| 2024 | 34 | $8.5M | $-453K | -17.6% | -4.8% | 0 | 0.09 | 67% | 1,003 | 78 |
Owners
No ownership records — CMS has no owner filings mapped to this CCN.
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 |