Naples Community Hospital
Naples, Collier County, FL
· CCN 100018
Licensed to Naples Community Hospital Inc
Composite
55.7
rank score
Distress
61
FY2023
Fit
70
vs thesis
Estimated ticket
$43.9M–$87.9M
517 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- margin deteriorating sharply
- rural — cheaper but limited density
- very large — likely out of range
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $692M |
| Operating margin | -5.7% |
| Total margin | -4.7% |
| Days cash on hand | 17 |
| Current ratio | 1.74 |
| Occupancy | 73% |
Facility
| Beds | 517 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 512 | $491M | $23.0M | -7.7% | 4.3% | 116 | 2.34 | 67% | 25,657 | 27 |
| 2021 | 524 | $609M | $108M | -0.8% | 15.7% | 74 | 1.93 | 69% | 29,154 | 26 |
| 2022 | 532 | $678M | $-127M | -6.9% | -16.8% | 16 | 1.82 | 69% | 30,180 | 61 |
| 2023 | 517 | $692M | $-33.7M | -5.7% | -4.7% | 17 | 1.74 | 73% | 31,045 | 61 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Jonathan Kling | w-2 managing employee | 100 | 2021-07 | |
| Noble Arrington | w-2 managing employee | 100 | 2023-01 | |
| Jonathan Kling | corporate officer | 2021-07 | ||
| Noble Arrington | corporate officer | 2023-01 |
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 |