Lakeland Regional Med Ctr
Lakeland, Polk County, FL
· CCN 100157
Licensed to Lakeland Regional Medical Center Inc
Composite
14.1
rank score
Distress
20
FY2023
Fit
66
vs thesis
Estimated ticket
$382M–$1.5B
764 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- under 30 days cash on hand
- 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 | $1.0B |
| Operating margin | 8.8% |
| Total margin | 10.8% |
| Days cash on hand | 0 |
| Current ratio | 1.67 |
| Occupancy | 78% |
Facility
| Beds | 764 |
| 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 | 774 | $766M | $66.7M | 4.8% | 8.4% | 0 | 0.71 | 67% | 39,579 | 36 |
| 2021 | 774 | $875M | $96.7M | 8.5% | 10.8% | 0 | 1.32 | 76% | 41,529 | 26 |
| 2022 | 764 | $928M | $65.1M | 4.2% | 6.8% | 0 | 1.15 | 75% | 40,440 | 26 |
| 2023 | 764 | $1.0B | $114M | 8.8% | 10.8% | 0 | 1.67 | 78% | 44,040 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Danielle Drummond | corporate officer | 2021-01 | ||
| Danielle Drummond | corporate director | 2021-01 | ||
| Danielle Drummond | w-2 managing employee | 2021-01 | ||
| Lance Green | corporate officer | 2019-06 | ||
| Lance Green | w-2 managing employee | 2019-06 | ||
| Lance Green | operational/managerial control | 2019-06 |
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 |