Hca Florida Highlands Hospital
Sebring, FL
· CCN 100049
Licensed to Sebring Health Services Llc
Composite
53.2
rank score
Distress
44
FY2023
Fit
84
vs thesis
Estimated ticket
$54.5M–$218M
109 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin under 2%
- total margin under 2%
- under 30 days cash on hand
- liabilities exceed assets
- occupancy 30-45%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $88.6M |
| Operating margin | 1.4% |
| Total margin | 1.9% |
| Days cash on hand | 0 |
| Current ratio | 1.50 |
| Occupancy | 42% |
Facility
| Beds | 109 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 109 | $63.3M | $-257K | -0.8% | -0.4% | 0 | 0.61 | 34% | 3,499 | 76 |
| 2021 | 109 | $81.4M | $3.1M | 3.2% | 3.8% | 0 | 1.28 | 41% | 3,962 | 42 |
| 2022 | 109 | $81.0M | $-6.5M | -8.4% | -8.0% | 0 | 1.39 | 44% | 3,766 | 77 |
| 2023 | 109 | $88.6M | $1.7M | 1.4% | 1.9% | 0 | 1.50 | 42% | 4,017 | 44 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Galen Holdco Llc | 5% or greater direct ownership interest | 100 | 2017-11 | |
| Hca Healthcare Inc | 5% or greater indirect ownership interest | 100 | 2017-07 | |
| Hca Inc | 5% or greater indirect ownership interest | 100 | 2017-07 | |
| Healthtrust Inc - The Hospital Company | 5% or greater indirect ownership interest | 100 | 2017-07 | |
| Frisco Holding Ii | 5% or greater indirect ownership interest | 16 | 2026-02 | |
| Hercules Holding Ii | 5% or greater indirect ownership interest | 14 | 2017-07 | |
| Eric Smith | contracted managing employee | 2021-07 | ||
| Eric Smith | other | 2021-07 | ||
| Henry Capote | corporate officer | 2023-12 | ||
| Henry Capote | w-2 managing employee | 2023-12 | ||
| John Jacobson | corporate officer | 2026-05 | ||
| John Jacobson | w-2 managing employee | 2026-05 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2017-11-01 | change of ownership | Sebring Health Services Llc | Sebring Hospital Management... |
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 |