Orlando Health
Orlando, Orange County, FL
· CCN 100006
Licensed to Orlando Health Inc
Composite
30.7
rank score
Distress
4
FY2023
Fit
68
vs thesis
Estimated ticket
$147M–$293M
1,467 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 90-150 days cash on hand
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- very large — likely out of range
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $3.4B |
| Operating margin | 7.1% |
| Total margin | 25.9% |
| Days cash on hand | 106 |
| Current ratio | 1.72 |
| Occupancy | 87% |
Facility
| Beds | 1,467 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 1,582 | $2.6B | $653M | 22.0% | 21.8% | 99 | 1.48 | 72% | 96,560 | 8 |
| 2021 | 1,600 | $2.9B | $879M | 23.8% | 25.1% | 125 | 1.83 | 79% | 100,569 | 4 |
| 2022 | 1,507 | $2.4B | $-320M | -20.2% | -11.3% | 100 | 1.89 | 84% | 99,746 | 49 |
| 2023 | 1,467 | $3.4B | $1.1B | 7.1% | 25.9% | 106 | 1.72 | 87% | 104,533 | 4 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| David Strong | corporate officer | 50 | 2015-04 | |
| David Strong | corporate director | 50 | 2015-04 | |
| John Miller | w-2 managing employee | 5 | 2016-04 | |
| Michele Napier | w-2 managing employee | 5 | 2018-01 | |
| Brian Besanceney | corporate director | 2017-06 | ||
| John Miller | corporate director | 2016-04 | ||
| Michele Napier | corporate director | 2016-07 | ||
| Orlando Health Inc | 5% or greater direct ownership interest | 1966-07 | chain |
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 FL
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 |
|---|---|---|---|---|
| 2025-08-01 | Galen Of Florida Inc | West Florida - Pph, Llc | St. Petersburg General | 162 |
| 2025-03-01 | Adventhealth Port Charlotte Inc | Port Charlotte Hma Llc | Bayfront Health Port Charlotte | 254 |
| 2025-02-27 | Hope 97 Llc | Prime Healthcare Services-Lehigh Acres Llc | Lehigh Regional | 53 |
| 2024-11-01 | Lee Health System Inc | Lee Memorial Health System | Gulf Coast Medical Center | 624 |
| 2024-11-01 | Lee Health System Inc | Lee Memorial Health System | Lee Memorial Hospital | 746 |
| 2024-10-30 | Hsa Cgh Llc | Steward Cgh Inc | Coral Gables Hospital | 245 |
| 2024-10-30 | Hsa Hh Llc | Steward Hh, Inc. | Hialeah Hospital | 340 |
| 2024-10-30 | Hsa Pgh Llc | Steward Pgh, Inc. | Palmetto General Hospital | 358 |
| 2024-10-30 | Hsa Nsmc Llc | Steward Nsmc Inc | North Shore Medical Center And Fmc | 748 |
| 2024-10-23 | Ohsrh, Llc | Steward Sebastian River Medical Center Inc | Sebastian River Medical Center | 145 |
| 2023-12-01 | Tampa General Hospital Citrus Llc | Citrus Hma Llc | Seven Rivers Regional Medical Center | 121 |
| 2023-12-01 | Tampa General Hospital Hernando Llc | Hernando Hma Llc | Brooksville Regional Hosptal | 244 |
| 2020-10-01 | Ohi West, Inc. | Bayfront Hma Medical Center Llc | Bayfront Health St. Petersburg | 262 |
| 2019-09-01 | Adventhealth Polk South Inc | Lake Wales Hospital Corporation | Adventhealth Lake Wales | 118 |
| 2019-09-01 | Adventhealth Polk North Inc | Haines City Hma Llc | Adventhealth Heart Of Florida | 202 |