St. Petersburg General
dba Hca Florida St Petersburg Hospital ·
Saint Petersburg, Pinellas County, FL
· CCN 100180
Licensed to Galen Of Florida Inc
Already transacted. CMS recorded an ownership change effective
2025-08-01. Confirm the current owner before spending a call on this.
Composite
17.5
rank score
Distress
37
FY2024
Fit
84
vs thesis
Estimated ticket
$81.0M–$324M
162 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 30-45%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- for-profit — no charitable conversion review
- changed ownership 2025-08-01 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $96.1M |
| Operating margin | 26.8% |
| Total margin | 28.3% |
| Days cash on hand | 0 |
| Current ratio | 0.25 |
| Occupancy | 42% |
Facility
| Beds | 162 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 168 | $100M | $26.4M | 24.4% | 25.8% | 0 | 0.63 | 43% | 5,424 | 41 |
| 2022 | 168 | $112M | $28.3M | 24.0% | 25.0% | 0 | 0.46 | 38% | 6,009 | 41 |
| 2023 | 168 | $103M | $28.8M | 25.9% | 27.5% | 0 | 0.57 | 39% | 5,312 | 41 |
| 2024 | 162 | $96.1M | $27.7M | 26.8% | 28.3% | 0 | 0.25 | 42% | 5,248 | 37 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Hca Healthcare Inc | 5% or greater indirect ownership interest | 100 | 2017-05 | |
| Hca Inc | 5% or greater indirect ownership interest | 100 | 2007-05 | |
| Hca Squared Llc | 5% or greater indirect ownership interest | 100 | 2011-10 | |
| Healthtrust Inc - The Hospital Company | 5% or greater indirect ownership interest | 100 | 2007-05 | |
| Tampa Bay Health System Inc | 5% or greater direct ownership interest | 100 | 2007-05 | |
| Healthserv Acquisition Llc | 5% or greater indirect ownership interest | 36 | 2007-05 | |
| Hospital Corp Llc | 5% or greater indirect ownership interest | 26 | 2007-05 | |
| Galen Holdco Llc | 5% or greater indirect ownership interest | 24 | 2007-05 | |
| Frisco Holding Ii | 5% or greater indirect ownership interest | 16 | 2026-02 | |
| Hercules Holding Ii | 5% or greater indirect ownership interest | 14 | 2026-02 | |
| Brad Spicer | corporate officer | 2023-01 | ||
| Brent Burish | corporate officer | 2023-09 | ||
| Brent Burish | operational/managerial control | 2023-09 | ||
| Christopher Wyatt | corporate officer | 2016-04 | ||
| Christopher Wyatt | corporate director | 2016-04 | ||
| Deborah Mullin | corporate officer | 2010-01 | ||
| Douglas Downey | corporate officer | 2014-04 | ||
| Edwin Robinson | corporate officer | 2025-09 | ||
| Eric Smith | w-2 managing employee | 2021-03 | ||
| Henry Maxwell | corporate officer | 2024-01 | ||
| Hunter Gullickson | corporate officer | 2026-06 | ||
| Hunter Gullickson | operational/managerial control | 2026-06 | ||
| Jaime Derensis | corporate officer | 2020-11 | ||
| Jeffery Mcinturff | corporate officer | 2021-11 | ||
| John Franck | corporate director | 2007-05 |
Showing 25 of 46. Full list via /api/targets/100180.
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2025-08-01 | acquisition/merger | Galen Of Florida Inc | West Florida - Pph, Llc |
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 |