Bayfront Health St. Petersburg
dba Orlando Health Bayfront Hospital ·
St Petersburg, Pinellas County, FL
· CCN 100032
Licensed to Ohi West, Inc.
Composite
45.8
rank score
Distress
34
FY2023
Fit
72
vs thesis
Estimated ticket
$26.2M–$52.4M
262 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- under 30 days cash on hand
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- large — ticket likely stretches the envelope
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $339M |
| Operating margin | -0.8% |
| Total margin | 8.6% |
| Days cash on hand | 0 |
| Current ratio | 2.47 |
| Occupancy | 67% |
Facility
| Beds | 262 |
| 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 | 338 | $260M | $10.0M | -4.6% | 3.6% | 0 | 3.90 | 52% | 13,402 | 40 |
| 2021 | 331 | $247M | $-33.5M | -18.5% | -13.0% | 17 | 0.65 | 54% | 12,914 | 82 |
| 2022 | 273 | $279M | $-7.5M | -13.1% | -2.4% | 3 | 2.20 | 52% | 13,214 | 60 |
| 2023 | 262 | $339M | $32.1M | -0.8% | 8.6% | 0 | 2.47 | 67% | 14,506 | 34 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Orlando Health Inc | 5% or greater direct ownership interest | 100 | 2020-10 | chain |
| Orlando Health Inc | operational/managerial control | 100 | 2020-10 | chain |
| John Miller | corporate officer | 2020-10 | ||
| John Miller | w-2 managing employee | 2023-02 | ||
| Michele Napier | corporate director | 2023-02 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-10-01 | change of ownership | Ohi West, Inc. | Bayfront Hma Medical Center Llc |
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 |