Bayfront Health Port Charlotte
dba Adventhealth Port Charlotte ·
Port Charlotte, Charlotte County, FL
· CCN 100077
Licensed to Adventhealth Port Charlotte Inc
Already transacted. CMS recorded an ownership change effective
2025-03-01. Confirm the current owner before spending a call on this.
Composite
16.9
rank score
Distress
44
FY2023
Fit
66
vs thesis
Estimated ticket
$25.4M–$50.8M
254 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
- occupancy 30-45%
- margin deteriorating sharply
- 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
- thin occupancy
- for-profit — no charitable conversion review
- changed ownership 2025-03-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $189M |
| Operating margin | 0.6% |
| Total margin | 1.1% |
| Days cash on hand | 0 |
| Current ratio | 2.35 |
| Occupancy | 45% |
Facility
| Beds | 254 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| 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 | 254 | $152M | $13.3M | 4.5% | 8.3% | 0 | -4.82 | 54% | 9,922 | 38 |
| 2021 | 254 | $180M | $6.2M | 2.7% | 3.4% | 0 | -22.69 | 53% | 9,059 | 38 |
| 2022 | 254 | $178M | $-1.1M | -1.6% | -0.6% | 0 | -23.79 | 49% | 8,660 | 61 |
| 2023 | 254 | $189M | $2.0M | 0.6% | 1.1% | 0 | 2.35 | 45% | 8,178 | 44 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Adventist Health System Sunbelt Healthcare Corporation | 5% or greater direct ownership interest | 100 | 2025-03 | chain |
| Adam Johnson | contracted managing employee | 2025-03 | ||
| Adam Johnson | corporate director | 2025-03 | ||
| Adam Johnson | operational/managerial control | 2025-03 | ||
| Amanda Brady | corporate officer | 2025-04 | ||
| David Huffman | corporate officer | 2025-04 | ||
| David Ottati | corporate officer | 2025-03 | ||
| David Ottati | corporate director | 2024-11 | ||
| James Santana | operational/managerial control | 2025-03 | ||
| Jeffrey Graff | corporate officer | 2025-04 | ||
| Jennifer Wandersleben | corporate officer | 2024-11 | ||
| Jennifer Wandersleben | corporate director | 2024-11 | ||
| Jessica Schuman | corporate officer | 2024-11 | ||
| Jessica Schuman | corporate director | 2024-11 | ||
| Kyla Wright | contracted managing employee | 2025-03 | ||
| Kyla Wright | corporate officer | 2025-03 | ||
| Kyla Wright | operational/managerial control | 2025-03 | ||
| Lynn Addiscott | corporate officer | 2025-04 | ||
| Robert Foltz | corporate officer | 2025-04 | ||
| Toni Berrios | corporate officer | 2025-04 | ||
| Troy Kishbaugh | corporate officer | 2024-11 | ||
| Troy Kishbaugh | corporate director | 2024-11 | ||
| Vadym Didenko | corporate officer | 2024-11 | ||
| Vadym Didenko | corporate director | 2024-11 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2025-03-01 | change of ownership | Adventhealth Port Charlotte Inc | Port Charlotte Hma 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 |