Adventhealth Fish Memorial
Orange City, Volusia County, FL
· CCN 100072
Licensed to Southwest Volusia Healthcare Corporation
Composite
33.3
rank score
Distress
9
FY2023
Fit
68
vs thesis
Estimated ticket
$25.3M–$50.6M
253 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- 90-150 days cash on hand
- occupancy 45-60%
- margin slipping
- 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
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $274M |
| Operating margin | 8.5% |
| Total margin | 10.9% |
| Days cash on hand | 134 |
| Current ratio | 3.25 |
| Occupancy | 57% |
Facility
| Beds | 253 |
| 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 | 197 | $192M | $22.9M | 8.7% | 11.6% | 246 | 2.14 | 61% | 9,142 | 0 |
| 2021 | 257 | $235M | $17.4M | 3.7% | 7.2% | 175 | 2.16 | 55% | 9,628 | 2 |
| 2022 | 257 | $239M | $-6.1M | 1.7% | -2.7% | 96 | 3.06 | 52% | 10,097 | 21 |
| 2023 | 253 | $274M | $30.7M | 8.5% | 10.9% | 134 | 3.25 | 57% | 11,014 | 9 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Adventist Health System Sunbelt Healthcare Corporation | 5% or greater indirect ownership interest | 100 | 1998-08 | chain |
| Adventist Health System Sunbelt Inc | 5% or greater direct ownership interest | 100 | 1998-08 | |
| Amanda Brady | corporate officer | 2020-02 | ||
| Beverly Morgan | corporate officer | 2025-08 | ||
| Craig Baker | corporate director | 2023-11 | ||
| Curtis Robinson | corporate director | 2026-07 | ||
| David Huffman | corporate officer | 2020-02 | ||
| Debora Thomas | corporate officer | 2023-08 | ||
| Derek Jackson | corporate director | 2025-04 | ||
| Diane Godfrey | corporate officer | 2026-01 | ||
| Douglas Hilliard | corporate director | 2025-08 | ||
| Douglas Pytlinski | corporate officer | 2026-04 | ||
| Eric Lunde | contracted managing employee | 2025-02 | ||
| Eric Lunde | corporate officer | 2022-09 | ||
| Eric Lunde | corporate director | 2022-09 | ||
| Eric Lunde | operational/managerial control | 2025-02 | ||
| Francis Owens | corporate director | 2026-02 | ||
| Haney Vincent | corporate officer | 2021-12 | ||
| Jeff Ritchey | corporate director | 2015-09 | ||
| Jeffrey Graff | corporate officer | 2014-09 | ||
| Jennifer Ambs | corporate officer | 2025-02 | ||
| John Wanamaker | corporate director | 2014-09 | ||
| Kenneth Zill | contracted managing employee | 2025-10 | ||
| Kenneth Zill | corporate officer | 2025-09 | ||
| Kenneth Zill | operational/managerial control | 2025-10 |
Showing 25 of 41. Full list via /api/targets/100072.
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 |