Apollo Behavioral Health Hospital
Baton Rouge, LA
· CCN 194105
Licensed to Apollo Behavioral Health Hospital Llc
Composite
52.6
rank score
Distress
67
FY2023
Fit
56
vs thesis
Estimated ticket
$5.6M–$22.4M
24 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- occupancy 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $5.6M |
| Operating margin | -12.5% |
| Total margin | -2.7% |
| Days cash on hand | 16 |
| Current ratio | 3.10 |
| Occupancy | 41% |
Facility
| Beds | 24 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $234K |
| Per-bed (high) | $935K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 24 | $6.1M | $752K | 0.4% | 11.0% | 32 | 23.11 | 77% | 996 | 23 |
| 2021 | 24 | $5.7M | $1.0M | 2.3% | 15.6% | 44 | 5.01 | 78% | 1,053 | 17 |
| 2022 | 24 | $5.3M | $-679K | -17.2% | -12.3% | 3 | 27.09 | 78% | 1,040 | 67 |
| 2023 | 24 | $5.6M | $-166K | -12.5% | -2.7% | 16 | 3.10 | 41% | 705 | 67 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Gopinath Gopalam | 5% or greater direct ownership interest | 70 | 2012-03 | |
| Suvarna Investments Llc | general partnership interest | 30 | 2012-03 | |
| Gopinath Gopalam | w-2 managing employee | 2012-05 |
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 |