Adventhealth Deland
Deland, Volusia County, FL
· CCN 100045
Licensed to Memorial Hospital-West Volusia Inc
Composite
30.9
rank score
Distress
0
FY2023
Fit
72
vs thesis
Estimated ticket
$14.2M–$28.4M
142 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $245M |
| Operating margin | 15.0% |
| Total margin | 19.2% |
| Days cash on hand | 271 |
| Current ratio | 4.97 |
| Occupancy | 73% |
Facility
| Beds | 142 |
| 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 | 154 | $159M | $12.1M | -1.1% | 7.0% | 328 | 3.55 | 60% | 8,182 | 18 |
| 2021 | 154 | $193M | $14.7M | 1.3% | 7.2% | 298 | 3.25 | 66% | 7,731 | 7 |
| 2022 | 142 | $197M | $-10.7M | 2.8% | -5.9% | 214 | 3.93 | 64% | 7,497 | 12 |
| 2023 | 142 | $245M | $49.3M | 15.0% | 19.2% | 271 | 4.97 | 73% | 8,954 | 0 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Adventist Health System Sunbelt Healthcare Corporation | 5% or greater indirect ownership interest | 100 | 2000-10 | chain |
| Adventist Health System Sunbelt Inc | 5% or greater indirect ownership interest | 100 | 2000-10 | |
| Memorial Health Systems Inc | 5% or greater direct ownership interest | 100 | 1994-07 | |
| Albert Bouie | corporate director | 2021-12 | ||
| Amanda Brady | corporate officer | 2020-02 | ||
| Barbara Girtman | corporate director | 2024-01 | ||
| Beverly Morgan | corporate officer | 2025-08 | ||
| Chojaa Ghosn | corporate director | 2023-08 | ||
| Christopher Dibello | corporate director | 2021-12 | ||
| David Huffman | corporate officer | 2020-02 | ||
| Debora Thomas | corporate officer | 2023-08 | ||
| Debora Thomas | corporate director | 2025-08 | ||
| Diane Godfrey | corporate officer | 2026-01 | ||
| Doreen Courtheyn | corporate director | 2012-12 | ||
| Douglas Hilliard | corporate officer | 2025-08 | ||
| Douglas Hilliard | corporate director | 2025-08 | ||
| Douglas Pytlinski | corporate officer | 2026-04 | ||
| Elizabeth Skomp | corporate director | 2026-04 | ||
| Eric Lunde | corporate director | 2023-08 | ||
| Haney Vincent | corporate officer | 2025-08 | ||
| Jeffrey Graff | corporate officer | 2014-09 | ||
| Jonathan Armstrong | contracted managing employee | 2024-05 | ||
| Jonathan Armstrong | corporate officer | 2025-08 | ||
| Jonathan Armstrong | operational/managerial control | 2024-05 | ||
| Justin Mcnamee | corporate director | 2026-01 |
Showing 25 of 45. Full list via /api/targets/100045.
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 |