North Shore Rehabilitation Hospital
Lacombe, St. Tammany Parish County, LA
· CCN 713025
Licensed to Nsr Louisiana Llc
Composite
33.6
rank score
Distress
4
FY2024
Fit
75
vs thesis
Estimated ticket
$9.8M–$39.0M
30 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- current ratio under 1.5
- part of a multi-hospital chain — divestiture candidate
- 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 · FY2024
| Net patient revenue | $13.7M |
| Operating margin | 6.5% |
| Total margin | 6.9% |
| Days cash on hand | — |
| Current ratio | 1.25 |
| Occupancy | 72% |
Facility
| Beds | 30 |
| Facility type | RH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $325K |
| Per-bed (high) | $1.3M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 30 | $7.3M | $-3.1M | -43.8% | -42.9% | — | 0.91 | 67% | 488 | 69 |
| 2021 | 30 | $10.2M | $-543K | -6.3% | -5.3% | — | 0.55 | 62% | 496 | 61 |
| 2022 | 30 | $11.7M | $-549K | -5.4% | -4.6% | — | 0.76 | 71% | 558 | 76 |
| 2023 | 30 | $11.8M | $-852K | -7.4% | -7.2% | — | 0.68 | 70% | 555 | 76 |
| 2024 | 30 | $13.7M | $944K | 6.5% | 6.9% | — | 1.25 | 72% | 601 | 4 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hospital Holdings Corporation | 5% or greater indirect ownership interest | 100 | 2019-09 | |
| Select Medical Corporation | 5% or greater indirect ownership interest | 100 | 2019-09 | chain |
| Select Medical Corporation | operational/managerial control | 100 | 2019-09 | chain |
| Select Specialty Hospitals Inc | 5% or greater indirect ownership interest | 100 | 2023-01 | |
| Ochsner Clinic Foundation | 5% or greater direct ownership interest | 30 | 2019-09 | |
| Slidell Memorial Hospital | 5% or greater direct ownership interest | 30 | 2019-09 | |
| St Tammany Parish Hospital Service District No 1 | 5% or greater direct ownership interest | 30 | 2019-09 | |
| Hospital Holdings Corporation | 5% or greater direct ownership interest | 10 | 2019-09 | |
| John Duggan | corporate officer | 2019-09 | ||
| John Duggan | corporate director | 2025-09 | ||
| John Saich | corporate officer | 2025-09 | ||
| Laurel Dupont | corporate officer | 2019-09 | ||
| Laurel Dupont | w-2 managing employee | 2019-09 | ||
| Laurel Dupont | operational/managerial control | 2019-09 | ||
| Michael Malatesta | corporate officer | 2025-08 | ||
| Robert Breighner | w-2 managing employee | 2025-09 | ||
| Robert Kido | corporate officer | 2025-09 | ||
| Thomas Mullin | corporate officer | 2025-08 |
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 |
|---|---|---|---|---|
| 2024-01-01 | Rosemill Llc | United Medical Healthcare Inc | United Medical Rehabilitation Hospit | 40 |