River Place Behavioral Health
Laplace, LA
· CCN 194114
Licensed to Ochsner-Acadia, Llc.
Composite
36.1
rank score
Distress
4
FY2023
Fit
81
vs thesis
Estimated ticket
$28.6M–$114M
104 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- 90-150 days cash on hand
- part of a multi-hospital chain — divestiture candidate
- 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 | $22.4M |
| Operating margin | 21.5% |
| Total margin | 22.1% |
| Days cash on hand | 115 |
| Current ratio | 4.28 |
| Occupancy | 69% |
Facility
| Beds | 104 |
| 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 | 82 | $15.2M | $1.8M | 11.4% | 11.3% | 0 | 0.71 | 70% | 3,057 | 36 |
| 2021 | 99 | $14.3M | $-1.1M | -8.1% | -7.9% | 0 | 0.75 | 54% | 2,760 | 72 |
| 2022 | 104 | $18.1M | $2.5M | 5.2% | 12.6% | 0 | 0.82 | 62% | 2,950 | 31 |
| 2023 | 104 | $22.4M | $5.0M | 21.5% | 22.1% | 115 | 4.28 | 69% | 3,518 | 4 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Acadia Healthcare Company Inc | 5% or greater direct ownership interest | 75 | 2016-05 | chain |
| Ochsner Clinic Foundation | 5% or greater direct ownership interest | 25 | 2016-05 | |
| Ochsner Clinic Foundation | 5% or greater indirect ownership interest | 25 | 2016-05 | |
| Acadia Healthcare Company Inc | operational/managerial control | 2017-09 | chain | |
| Brian Farley | corporate officer | 2023-07 | ||
| Deborah Kraemer | w-2 managing employee | 2012-06 | ||
| Debra Osteen | corporate officer | 2026-01 | ||
| Dustin Theils | w-2 managing employee | 2021-09 | ||
| Stacie Harty | w-2 managing employee | 2018-06 | ||
| Timothy Sides | w-2 managing employee | 2023-06 | ||
| Todd Young | corporate officer | 2025-10 |
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 |