Sarasota Memorial Hospital
Sarasota, Sarasota County, FL
· CCN 100087
Licensed to Sarasota County Public Hospital District
Composite
14.7
rank score
Distress
26
FY2023
Fit
62
vs thesis
Estimated ticket
$393M–$1.6B
786 beds ·
over envelope
Ownership
government
STH
Why it ranks here
- under 30 days cash on hand
- margin deteriorating
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $1.2B |
| Operating margin | 10.7% |
| Total margin | 16.7% |
| Days cash on hand | 14 |
| Current ratio | 1.99 |
| Occupancy | 79% |
Facility
| Beds | 786 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| 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 | 724 | $876M | $226M | -5.9% | 19.6% | 13 | 0.60 | 67% | 37,753 | 58 |
| 2021 | 713 | $1.0B | $215M | -7.4% | 16.4% | 19 | 0.57 | 75% | 39,029 | 58 |
| 2022 | 787 | $1.1B | $179M | 8.1% | 15.1% | 40 | 1.92 | 70% | 36,076 | 17 |
| 2023 | 786 | $1.2B | $223M | 10.7% | 16.7% | 14 | 1.99 | 79% | 40,533 | 26 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| David Verinder | corporate officer | 2014-07 | ||
| David Verinder | corporate director | 2014-07 | ||
| David Verinder | w-2 managing employee | 2014-07 | ||
| Mary Donohue | w-2 managing employee | 2023-02 |
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 |