Louisiana Skilled Nursing - Market Intelligence

3G Healthcare Real Estate is a sell-side advisory firm working only in skilled nursing facility real estate. This report is the Louisiana ownership and operating picture as we track it, drawn from CMS Provider Information, federal ownership filings, county property records, published Medicaid rate files, and our own resolution work.

Every figure below describes the market in aggregate; nothing here is specific to any single owner or property.

Louisiana skilled nursing is 81 percent for-profit by facility count: 216 of 266 buildings, averaging 2.31 stars overall and 2.23 on staffing. The balance is 40 non-profit, 10 government. Non-Profit buildings rate highest at 3.35 stars and for-profit lowest at 2.31. Ownership type as CMS records it describes the license holder. The real estate behind it is frequently a different party, and that is the layer we resolve.

Louisiana averages 2.50 stars overall across 266 facilities and 32,316 licensed beds. Average occupancy runs 74 percent, which is the number that decides whether a building services its debt. Quality splits at the bottom: 138 facilities (52 percent) rate one or two stars overall, 90 of them one star. Special Focus status or candidacy covers 6 of them. CMS fines on the current record total $12.9M across 133 facilities. Total nurse turnover averages 47.6 percent. Counting any facility that carries at least one of a one- or two-star overall rating, Special Focus status or candidacy, CMS fines on the current record, or a distressed-title flag from county records, 173 of 266 buildings show a distress signal, 65 percent of the total.

The eight largest operating groups run 133 of Louisiana's 266 skilled nursing facilities, 50 percent of the state and 53 percent of its licensed beds. The remaining 133 buildings are spread across a long tail of smaller operators and independents.

Operating scale is not the same as real-estate ownership, and in most markets the two are separate. The property behind these portfolios is held across a far larger and more fragmented set of owners, many of them holding a single building outright. That is the layer we resolve, and it is why a market that looks consolidated from the operating side is usually anything but from the ownership side.

Louisiana's 74 reporting hospitals discharged at least 28,291 traditional-Medicare inpatients in the diagnosis groups that most often need skilled care afterward, in federal fiscal 2024. Sepsis leads at 9,059 discharges. Every one of these patients needed a next setting, and the facilities positioned closest to the highest-volume hospitals see that demand first.

216 of Louisiana's 249 graded skilled nursing facilities (87%) are taking a live Medicare payment cut this federal fiscal year under CMS's SNF Value-Based Purchasing program, which blends readmissions, infections, staffing and turnover into one multiplier and applies it to every Medicare day a building bills. The graded set averages a 1.1% cut across the whole state. A federal number like that says little read alone, which is why we check it against the fuller financial and operational record we hold on every building before it reaches a report: the buildings already under pressure elsewhere are the ones a payment cut actually threatens.

Medicare Advantage now covers 57.9% of Louisiana's Medicare population, as of April 2026. That is up 4.5 points in three years. St. John The Baptist Parish runs highest in the state at 76.2%. An MA member typically draws fewer skilled-nursing days per admission than traditional Medicare, so the counties at the top of that list are the ones structurally losing SNF days first, whatever the raw discharge count says.

Beds concentrate where the population does: E. Baton Rouge County with 25 facilities and 3,131 beds, Caddo County with 22 facilities and 2,717 beds, Jefferson County with 12 facilities and 1,807 beds.

1. CMS Provider Information / Care Compare: facility counts, licensed beds, occupancy, Five-Star ratings, staffing, nurse turnover, fines and Special Focus status, processed 2026-07-01.
2. CMS Payroll-Based Journal: nurse staffing hours and turnover.
3. Federal ownership filings: PECOS Form 855A indirect-owner tree and HCRIS cost-report related parties.
4. County property and mortgage records via the 3G real-estate-ownership resolution layer.
5. 3G Healthcare Real Estate proprietary warehouse, resolved as of the date shown above.
6. Louisiana does not publish facility-level Medicaid rates in an obtainable form; no per-facility rate data is presented for this state.
7. State and federal legislative and regulatory tracking via the 3G intelligence scan, with the source for each item linked in that section.
8. CMS Medicare inpatient claims (fiscal 2024): hospital discharge volumes by diagnosis group, traditional Medicare only; CMS withholds lines under 11 discharges, so volumes are minimums. Readmission rates from CMS Care Compare's three-year measure window.
9. CMS SNF Value-Based Purchasing facility-level file, FY2026 determination (published February 2026): readmission, infection, staffing and turnover measures rolled into one Medicare payment multiplier per facility.
10. CMS Medicare Monthly Enrollment: Medicare Advantage penetration by county, April 2026.