Tallahassee Memorial Hospital
Tallahassee, Leon County, FL
· CCN 100135
Licensed to Tallahassee Memorial Healthcare Inc
Composite
18.4
rank score
Distress
44
FY2023
Fit
66
vs thesis
Estimated ticket
$239M–$956M
478 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin negative
- 60-90 days cash on hand
- margin slipping
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $885M |
| Operating margin | -10.2% |
| Total margin | -2.1% |
| Days cash on hand | 87 |
| Current ratio | 3.99 |
| Occupancy | 74% |
Facility
| Beds | 478 |
| 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 | 386 | $739M | $-14.6M | -6.4% | -1.9% | 177 | 3.29 | 86% | 28,264 | 30 |
| 2021 | 402 | $824M | $18.2M | -1.3% | 2.1% | 174 | 3.24 | 89% | 28,057 | 16 |
| 2022 | 483 | $872M | $-9.2M | -4.8% | -1.0% | 122 | 4.10 | 76% | 28,449 | 28 |
| 2023 | 478 | $885M | $-20.0M | -10.2% | -2.1% | 87 | 3.99 | 74% | 28,847 | 44 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Alma Littles | corporate officer | 2008-10 | ||
| Alma Littles | corporate director | 2008-10 | ||
| Andrew Wong | corporate director | 2013-10 | ||
| Avery Mcknight | corporate director | 2011-10 | ||
| Barbara Alford | corporate officer | 2013-03 | ||
| Barbara Alford | w-2 managing employee | 2013-03 | ||
| Christopher Rumana | corporate director | 2011-10 | ||
| Cynthia Blair | corporate officer | 2005-05 | ||
| Cynthia Blair | w-2 managing employee | 2005-05 | ||
| Dean Watson | corporate officer | 2010-01 | ||
| Dean Watson | w-2 managing employee | 2010-01 | ||
| Donald Lindsey | corporate officer | 2008-03 | ||
| Donald Lindsey | w-2 managing employee | 2008-03 | ||
| Erin Ennis | corporate director | 2005-10 | ||
| Frank Gredler | corporate officer | 2008-10 | ||
| Frank Gredler | corporate director | 2008-10 | ||
| Gary Winchester | corporate director | 2011-10 | ||
| George Obryant | corporate officer | 2003-07 | ||
| George Obryant | w-2 managing employee | 2003-07 | ||
| Glenda Thornton | corporate officer | 2006-10 | ||
| Glenda Thornton | corporate director | 2006-10 | ||
| James Killius | corporate director | 2013-10 | ||
| Jason Moore | corporate officer | 2008-07 | ||
| Jason Moore | w-2 managing employee | 2008-07 | ||
| Jennifer Parks | w-2 managing employee | 2025-01 |
Showing 25 of 40. Full list via /api/targets/100135.
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 |