South Florida Baptist Hospital
Plant City, Hillsborough County, FL
· CCN 100132
Licensed to South Florida Baptist Hospital Inc
Composite
55.4
rank score
Distress
47
FY2023
Fit
86
vs thesis
Estimated ticket
$62.0M–$248M
124 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- total margin below -8%
- under 30 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $170M |
| Operating margin | 5.0% |
| Total margin | -8.0% |
| Days cash on hand | 0 |
| Current ratio | 10.38 |
| Occupancy | 59% |
Facility
| Beds | 124 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 | 136 | $139M | $10.9M | 6.1% | 7.7% | 0 | 1.69 | 50% | 4,996 | 24 |
| 2021 | 128 | $158M | $7.5M | 3.0% | 4.7% | 0 | 11.44 | 63% | 6,130 | 22 |
| 2022 | 128 | $164M | $9.4M | 2.6% | 5.5% | 0 | 9.20 | 60% | 6,117 | 24 |
| 2023 | 124 | $170M | $-12.0M | 5.0% | -8.0% | 0 | 10.38 | 59% | 5,908 | 47 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Baycare Health System, Inc. | 5% or greater direct ownership interest | 100 | 2024-07 | |
| Dion Samerson | corporate director | 2024-02 | ||
| Donna Jordan | corporate director | 2024-02 | ||
| Douglas Mcfadden | corporate director | 2018-01 | ||
| Gary Hartfield | corporate director | 2024-02 | ||
| Janice Polo | operational/managerial control | 2017-06 | ||
| Jennifer Brown King | corporate director | 2019-02 | ||
| Jerilyn Hattendorf Reed | corporate director | 2018-01 | ||
| Karen Kerr | corporate officer | 2013-08 | ||
| Kimberly Guy | corporate officer | 2022-10 | ||
| Kimberly Guy | operational/managerial control | 2018-01 | ||
| Lauren Weiner | corporate director | 2018-01 | ||
| Lori Baggett | corporate director | 2024-02 | ||
| Lori Mcginnes Yarbrugh | corporate director | 2019-02 | ||
| Lynda Gorken | operational/managerial control | 2014-05 | ||
| Matthew Rice | corporate director | 2018-01 | ||
| Maureen Chin Fatt | corporate director | 2018-01 | ||
| Michael Colletti | w-2 managing employee | 2025-10 | ||
| Patricia Shirley | corporate director | 2018-01 | ||
| Ronald Beamon | operational/managerial control | 2018-05 | ||
| Sean Butler | corporate director | 2019-02 | ||
| Stephanie Conners | other | 2023-01 | ||
| Stephen Liverpool | corporate director | 2024-02 | ||
| Tracy Halme | corporate director | 2018-01 | ||
| Yvonne Fry | corporate director | 2024-02 |
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 |