Lake Pines Hospital Llc
dba Perimeter Behavioral Hospital Of New Orleans ·
Kenner, Jefferson Parish County, LA
· CCN 194113
Licensed to Lake Pines Hospital, Llc
Composite
66.0
rank score
Distress
80
FY2023
Fit
75
vs thesis
Estimated ticket
$6.9M–$27.7M
36 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
- liabilities exceed assets
- 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
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $7.9M |
| Operating margin | -18.1% |
| Total margin | -18.1% |
| Days cash on hand | 1 |
| Current ratio | 2.59 |
| Occupancy | 77% |
Facility
| Beds | 36 |
| 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 | 36 | $7.1M | $-665K | -11.0% | -9.3% | 8 | 1.47 | 83% | 1,481 | 81 |
| 2021 | 36 | $7.5M | $-569K | -9.6% | -7.4% | 0 | 0.96 | 86% | 1,538 | 77 |
| 2022 | 36 | $7.2M | $-954K | -22.9% | -12.1% | 0 | 2.01 | 82% | 1,392 | 78 |
| 2023 | 36 | $7.9M | $-1.4M | -18.1% | -18.1% | 1 | 2.59 | 77% | 1,261 | 80 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Holdco Perimeter Llc | 5% or greater indirect ownership interest | 100 | 2025-04 | |
| Perimeter Acquisition Holdco Llc | 5% or greater indirect ownership interest | 100 | 2025-04 | |
| Rep Wr Holdings Llc | 5% or greater direct ownership interest | 100 | 2019-02 | |
| Orchard Holdings Iii Llc | 5% or greater indirect ownership interest | 93 | 2025-04 | |
| Mfo Perimeter Llc | 5% or greater indirect ownership interest | 89 | 2025-04 | |
| Perimeter Orchards Llc | 5% or greater indirect ownership interest | 62 | 2025-04 | |
| Orchard Holdings Llc | 5% or greater indirect ownership interest | 34 | 2025-04 | |
| Mitchell Family Irrevocable Trust U/a Dated December 28, 2012 | 5% or greater indirect ownership interest | 33 | 2025-04 | |
| Mark T Mitchell Living Trust | 5% or greater indirect ownership interest | 28 | 2025-04 | |
| Orchard Holdings Ii Llc | 5% or greater indirect ownership interest | 19 | 2025-04 | |
| Mitchell Family Ii Irrevocable Trust U/a Dated October 26, 2016 | 5% or greater indirect ownership interest | 19 | 2025-04 | |
| Mitchell Family Iii Irrevocable Gst Trust | 5% or greater indirect ownership interest | 9 | 2025-04 | |
| Deborah Tullier | operational/managerial control | 2019-02 | ||
| Gary Burns | operational/managerial control | 2023-07 | ||
| George Dunaway | corporate officer | 2019-02 | ||
| James Laughlin | corporate officer | 2019-02 | ||
| Rochelle Gerber | corporate director | 2019-02 |
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 |