dealflow
envelope $200M

← Targets

Baton Rouge Behavioral Hospital

Baton Rouge, LA · CCN 194107

Composite
71.1
rank score
Distress
94
FY2023
Fit
72
vs thesis
Estimated ticket
$9.0M–$36.2M
47 beds · within envelope
Ownership
for-profit
PH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • under 30 days cash on hand
  • current ratio below 0.8
  • liabilities exceed assets
  • occupancy 45-60%
  • margin deteriorating sharply
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • small but workable bed count
  • small ticket — deploys little of the available capital
  • moderate occupancy
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$5.1M
Operating margin -42.9%
Total margin -42.9%
Days cash on hand 0
Current ratio 0.03
Occupancy54%

Facility

Beds47
Facility typePH
Settingurban
Ownership classfor-profit
Per-bed (low) $192K
Per-bed (high) $770K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 47 $8.8M $-685K -7.8% -7.8% 7 0.17 90% 2,403 81
2021 47 $8.4M $-737K -8.8% -8.8% 6 0.15 85% 2,114 86
2022 47 $7.2M $-2.4M -33.1% -33.0% 2 0.14 79% 1,900 91
2023 47 $5.1M $-2.2M -42.9% -42.9% 0 0.03 54% 1,301 94

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.

DateBuyerSellerHospitalBeds
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