Larkin Community Hospital
Miami, Miami-Dade County, FL
· CCN 100181
Licensed to Larkin Community Hospital Inc
Composite
36.9
rank score
Distress
3
FY2023
Fit
88
vs thesis
Estimated ticket
$59.0M–$236M
118 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $111M |
| Operating margin | 5.5% |
| Total margin | 7.0% |
| Days cash on hand | — |
| Current ratio | — |
| Occupancy | 59% |
Facility
| Beds | 118 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 118 | $81.1M | $1.6M | -16.9% | 1.6% | 10 | 1.88 | 58% | 3,765 | 63 |
| 2021 | 118 | $94.5M | $2.6M | -1.7% | 2.6% | 6 | 0.85 | 53% | 4,565 | 57 |
| 2022 | 118 | $99.0M | $1.3M | -2.2% | 1.3% | — | — | 54% | 4,381 | 40 |
| 2023 | 118 | $111M | $7.9M | 5.5% | 7.0% | — | — | 59% | 6,175 | 3 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Larkin Health System, Llc | 5% or greater direct ownership interest | 100 | 2020-09 | |
| Larkin Health System, Llc | 5% or greater indirect ownership interest | 100 | 2020-09 | |
| Larkin Health System, Llc | other | 100 | 2020-09 | |
| Nicholas Torres | corporate officer | 2022-06 | ||
| Nicholas Torres | w-2 managing employee | 2022-06 |
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 |