Ochsner Med Ctr - Hancock
dba Ochsner Medical Center- Hancock ·
Bay St. Louis, Hancock County, MS
· CCN 250162
Licensed to Ochsner Medical Center - Hancock, Llc
Composite
67.4
rank score
Distress
100
FY2023
Fit
56
vs thesis
Estimated ticket
$14.3M–$57.4M
41 beds ·
within envelope
Ownership
nonprofit
STH
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 below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- small but workable bed count
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $39.4M |
| Operating margin | -14.7% |
| Total margin | -11.6% |
| Days cash on hand | 6 |
| Current ratio | 0.27 |
| Occupancy | 14% |
Facility
| Beds | 41 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 51 | $33.1M | $-94.2K | -19.4% | -0.2% | 7 | -2.16 | 20% | 956 | 91 |
| 2021 | 49 | $39.2M | $-2.6M | -8.7% | -6.5% | 6 | 0.32 | 23% | 939 | 90 |
| 2022 | 41 | $37.7M | $-9.5M | -26.3% | -25.0% | 6 | 0.30 | 22% | 825 | 100 |
| 2023 | 41 | $39.4M | $-4.7M | -14.7% | -11.6% | 6 | 0.27 | 14% | 611 | 100 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ochsner Clinic Foundation | 5% or greater indirect ownership interest | 100 | 2018-04 | |
| James Molloy | corporate officer | 2024-01 | ||
| Jeffery Edge | corporate officer | 2022-05 | ||
| Jeffery Edge | w-2 managing employee | 2022-05 | ||
| Jeffery Edge | operational/managerial control | 2022-05 | ||
| Peter November | corporate officer | 2022-11 | ||
| Timothy Riddell | corporate officer | 2026-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2018-04-01 | change of ownership | Ochsner Medical Center - Hancock, Llc | Hancock Medical Center |
Who has been buying in MS
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 |
|---|---|---|---|---|
| 2025-05-01 | State Of Mississippi-University Of... | Madison Hma Llc | Madison River Oaks Medical Center | 67 |
| 2024-02-01 | Northwest Miss Regional Medical Center | Delta Health System | Delta Health-Northwest Regional | 181 |
| 2023-05-01 | Tate County Hospital | Delta Health System | Highland Hills Medical Center | 15 |
| 2020-10-01 | Singing River Gulfport | Gpch-Gp, Inc. | Singing River Gulfport | 113 |
| 2019-11-01 | Memorial Hospital At Gulfport | Stone County Hospital, Inc | Memorial Hospital At Gulfport | 285 |
| 2019-01-01 | Monroe Health Services Inc | Amory Regional Medical Center Inc | Monroe Health Services Inc. | 95 |
| 2018-04-01 | Ochsner Medical Center - Hancock, Llc | Hancock Medical Center | Ochsner Med Ctr - Hancock | 41 |