Desoto Memorial Hospital
Arcadia, De Soto County, FL
· CCN 100175
Licensed to Desoto County Hospital District
Composite
56.5
rank score
Distress
78
FY2023
Fit
54
vs thesis
Estimated ticket
$3.4M–$6.9M
49 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- under 30 days cash on hand
- debt above 70% of assets
- occupancy below 30%
- margin deteriorating sharply
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $42.9M |
| Operating margin | -11.7% |
| Total margin | -4.7% |
| Days cash on hand | 15 |
| Current ratio | 1.55 |
| Occupancy | 19% |
Facility
| Beds | 49 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $70.0K |
| Per-bed (high) | $140K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 49 | $35.5M | $541K | -13.8% | 1.3% | 91 | 1.99 | 21% | 1,052 | 49 |
| 2021 | 49 | $41.7M | $6.3M | -7.7% | 12.2% | 56 | 2.88 | 22% | 906 | 48 |
| 2022 | 49 | $38.5M | $-3.2M | -18.7% | -7.6% | 31 | 2.28 | 12% | 598 | 66 |
| 2023 | 49 | $42.9M | $-2.1M | -11.7% | -4.7% | 15 | 1.55 | 19% | 891 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Daniel Hogan | corporate officer | 2024-11 | ||
| Daniel Hogan | w-2 managing employee | 2024-11 | ||
| Vincent Sica | corporate officer | 2007-08 | ||
| Vincent Sica | w-2 managing employee | 2007-08 |
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 |