Bogalusa Rehabilitation Hospital
Bogalusa, Washington Parish County, LA
· CCN 713026
Licensed to Bogalusa Rehabilitation Hospital Llc
Composite
34.5
rank score
Distress
25
FY2023
Fit
58
vs thesis
Estimated ticket
$715K–$1.4M
11 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- 30-60 days cash on hand
- margin deteriorating sharply
- rural — cheaper but limited density
- specialty facility — narrower problem scope
- very small facility
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $4.4M |
| Operating margin | 4.3% |
| Total margin | 4.3% |
| Days cash on hand | 52 |
| Current ratio | 8.28 |
| Occupancy | 63% |
Facility
| Beds | 11 |
| Facility type | RH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $65.0K |
| Per-bed (high) | $130K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 10 | $5.3M | $3.4M | 64.4% | 64.4% | 178 | 12.91 | 58% | 91 | 2 |
| 2021 | 10 | $5.2M | $884K | 17.0% | 17.0% | 4 | -84.94 | 62% | 203 | 36 |
| 2022 | 10 | $4.2M | $171K | 2.6% | 4.0% | 155 | -11.88 | 64% | 234 | 13 |
| 2023 | 11 | $4.4M | $188K | 4.3% | 4.3% | 52 | 8.28 | 63% | 236 | 25 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Charles Matthews | 5% or greater direct ownership interest | 100 | 2019-10 | |
| Charles Matthews | w-2 managing employee | 100 | 2019-10 | |
| Charles Matthews | operational/managerial control | 100 | 2019-10 |
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 |
|---|---|---|---|---|
| 2024-01-01 | Rosemill Llc | United Medical Healthcare Inc | United Medical Rehabilitation Hospit | 40 |