Ochsner Specialty Hospital
Meridian, Lauderdale County, MS
· CCN 252004
Licensed to Rush Care, Inc.
Composite
62.2
rank score
Distress
100
FY2023
Fit
43
vs thesis
Estimated ticket
$2.1M–$4.1M
49 beds ·
within envelope
Ownership
nonprofit
LTCH
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
- rural — cheaper but limited density
- LTCH — distress here is a payment-model artifact
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $6.3M |
| Operating margin | -98.7% |
| Total margin | -98.9% |
| Days cash on hand | 1 |
| Current ratio | 0.77 |
| Occupancy | 27% |
Facility
| Beds | 49 |
| Facility type | LTCH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $42.0K |
| Per-bed (high) | $84.0K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 49 | $12.7M | $8.7M | -54.3% | 30.9% | 0 | -0.00 | 47% | 463 | 66 |
| 2021 | 49 | $12.5M | $-3.0M | -58.7% | -18.0% | 0 | -0.19 | 43% | 418 | 86 |
| 2022 | 49 | $10.6M | $-4.6M | -75.3% | -32.7% | 1 | -7.69 | 40% | 418 | 86 |
| 2023 | 49 | $6.3M | $-6.2M | -98.7% | -98.9% | 1 | 0.77 | 27% | 245 | 100 |
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 | 2022-07 | |
| 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 | ||
| James Molloy | corporate officer | 2024-01 | ||
| Johnathan Lee | corporate director | 2022-07 | ||
| Johnathan Lee | operational/managerial control | 2022-07 | ||
| Kristin Molony | w-2 managing employee | 2024-01 | ||
| Kristin Molony | operational/managerial control | 2024-01 | ||
| Michael Hulefeld | corporate officer | 2022-11 | ||
| Michael Hulefeld | corporate director | 2022-07 | ||
| Michael Hulefeld | operational/managerial control | 2022-07 | ||
| Ochsner Clinic Foundation | operational/managerial control | 2022-07 | ||
| Peter November | corporate officer | 2022-11 | ||
| Peter November | corporate director | 2022-07 |
Showing 25 of 27. Full list via /api/targets/252004.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.