Halifax Medical Center
dba Halifax Health Medical Center ·
303 N Clyde Morris Blvd, Volusia County, FL
· CCN 100017
Licensed to Halifax Hospital Medical Center
Composite
35.1
rank score
Distress
18
FY2023
Fit
68
vs thesis
Estimated ticket
$53.3M–$107M
533 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin negative
- debt above 70% of assets
- rural — cheaper but limited density
- very large — likely out of range
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $630M |
| Operating margin | -2.4% |
| Total margin | 4.8% |
| Days cash on hand | 169 |
| Current ratio | 1.85 |
| Occupancy | 70% |
Facility
| Beds | 533 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| 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 | 496 | $475M | $20.9M | -7.8% | 4.0% | 268 | 2.06 | 61% | 22,497 | 27 |
| 2021 | 467 | $550M | $50.0M | -1.8% | 8.2% | 206 | 2.21 | 73% | 23,454 | 20 |
| 2022 | 516 | $568M | $12.0M | -3.9% | 2.0% | 202 | 2.40 | 64% | 24,030 | 20 |
| 2023 | 533 | $630M | $32.5M | -2.4% | 4.8% | 169 | 1.85 | 70% | 26,445 | 18 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Halifax Hospital Medical Center | 5% or greater direct ownership interest | 100 | 1966-07 | |
| Jeffrey Feasel | corporate officer | 100 | 2011-10 | |
| Shawn Remington | corporate officer | 100 | 2023-12 | |
| Shawn Remington | w-2 managing employee | 2023-12 |
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 |