On October 1st, West Jefferson Medical Center, a 405-bed not-for-profit acute care facility in Marrero, Louisiana, officially became the sixth hospital in the LCMC Health family. West Jefferson began looking for a partner back in 2012. New Orleans-based LCMC was chosen earlier this year after it agreed to make lease payments of at least $200 million over 45 years, plus make $340 million in capital improvements in the next 15 years. Although West Jefferson reported revenue of $243 million through 2014, EBITDA was a negative $2.3 million in those 12 months. All’s well that ends well.
Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
