Holy Cross Hospital
Fort Lauderdale, Broward County, FL
· CCN 100073
Licensed to Holy Cross Hospital Inc
Composite
58.4
rank score
Distress
54
FY2024
Fit
80
vs thesis
Estimated ticket
$122M–$486M
286 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- current ratio under 1.5
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $607M |
| Operating margin | -4.4% |
| Total margin | -1.1% |
| Days cash on hand | 17 |
| Current ratio | 1.44 |
| Occupancy | 63% |
Facility
| Beds | 286 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 319 | $513M | $35.5M | -6.8% | 6.1% | 60 | 1.40 | 57% | 13,542 | 44 |
| 2022 | 319 | $556M | $-8.6M | -4.0% | -1.5% | 12 | 1.42 | 56% | 13,114 | 51 |
| 2023 | 286 | $566M | $12.3M | -0.7% | 2.1% | 14 | 1.75 | 60% | 13,035 | 38 |
| 2024 | 286 | $607M | $-7.0M | -4.4% | -1.1% | 17 | 1.44 | 63% | 13,627 | 54 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Trinity Health Corporation | 5% or greater direct ownership interest | 100 | 2014-07 | chain |
| Ahmed Waheed | corporate director | 2025-02 | ||
| Brian Nelson | corporate director | 2024-01 | ||
| Carla Spina | w-2 managing employee | 2024-01 | ||
| Elena Barberis | corporate officer | 2024-10 | ||
| Fritz Laporte | corporate director | 2024-01 | ||
| Guillermo Davila | corporate director | 2021-02 | ||
| John Cunha | corporate director | 2019-01 | ||
| Jonathan Ayers | corporate director | 2024-01 | ||
| Karen O'byrne | corporate officer | 2024-01 | ||
| Karen O'byrne | corporate director | 2021-01 | ||
| Katherine Gorrell | corporate officer | 2020-01 | ||
| Kathleen Mcmanus | corporate director | 2024-01 | ||
| Laronda Chastang | corporate director | 2024-01 | ||
| Linda Carter | corporate director | 2023-01 | ||
| Marie Parker | corporate director | 2021-01 | ||
| Michael Gusho | corporate officer | 2023-06 | ||
| Michael Gusho | operational/managerial control | 2023-06 | ||
| Pierre Monice | corporate officer | 2025-05 | ||
| Pierre Monice | corporate director | 2025-05 | ||
| Rudy Molinet | corporate officer | 2024-01 | ||
| Rudy Molinet | corporate director | 2022-01 | ||
| Sybil Alfred | corporate director | 2025-01 | ||
| Tamecka Mckay | corporate director | 2025-01 |
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 |