Ochsner Laird Hospital
Union, Newton County, MS
· CCN 251322
Licensed to Laird Hospital, Inc.
Composite
61.6
rank score
Distress
97
FY2023
Fit
45
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
nonprofit
CAH
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 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $30.9M |
| Operating margin | -14.3% |
| Total margin | -9.9% |
| Days cash on hand | 7 |
| Current ratio | 0.61 |
| Occupancy | 37% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $29.6M | $-164K | -9.8% | -0.5% | 0 | 0.49 | 48% | 112 | 76 |
| 2021 | 25 | $32.1M | $2.9M | -7.7% | 7.8% | 2 | 0.63 | 41% | 136 | 68 |
| 2022 | 25 | $31.4M | $1.2M | -9.0% | 3.4% | 5 | 1.03 | 39% | 124 | 61 |
| 2023 | 25 | $30.9M | $-3.2M | -14.3% | -9.9% | 7 | 0.61 | 37% | 95 | 97 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ochsner Clinic Foundation | 5% or greater indirect ownership interest | 100 | 2022-07 | |
| Rush Health Systems Inc | 5% or greater direct ownership interest | 100 | 2004-12 | |
| Rush Medical Foundation | 5% or greater mortgage interest | 100 | 2020-01 | |
| Alan Gartrell | corporate director | 2022-07 | ||
| Alan Gartrell | operational/managerial control | 2022-07 | ||
| Darrell Wildman | corporate director | 2022-07 | ||
| Darrell Wildman | operational/managerial control | 2022-07 | ||
| David Butler | corporate officer | 2022-07 | ||
| David Butler | w-2 managing employee | 2022-07 | ||
| David Butler | operational/managerial control | 2022-07 | ||
| Don Kennedy | corporate officer | 2022-07 | ||
| Don Kennedy | w-2 managing employee | 2022-07 | ||
| Don Kennedy | operational/managerial control | 2022-07 | ||
| Faye Martin | corporate director | 2022-07 | ||
| Faye Martin | operational/managerial control | 2022-07 | ||
| Heather Davis | w-2 managing employee | 2024-01 | ||
| Heather Davis | operational/managerial control | 2024-01 | ||
| James Molloy | corporate officer | 2024-01 | ||
| Johnathan Lee | corporate director | 2022-07 | ||
| Johnathan Lee | operational/managerial control | 2022-07 | ||
| Michael Hulefeld | corporate officer | 2022-11 | ||
| Michael Hulefeld | corporate director | 2022-11 | ||
| Michael Hulefeld | operational/managerial control | 2022-11 | ||
| Ochsner Clinic Foundation | operational/managerial control | 2022-07 | ||
| Peter November | corporate officer | 2022-11 |
Showing 25 of 28. Full list via /api/targets/251322.
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 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 |
|---|---|---|---|---|
| 2020-02-01 | Forrest County General Hospital | Pearl River County Hospital & Nursing Home | Pearl River County Hospital | 24 |
| 2017-10-01 | Boa Vida Hospital Of Aberdeen Ms Llc | Pioneer Health Services Of Monroe... | Monroe Regional Hospital | 25 |