Coral Gables Hospital
Coral Gables, Miami-Dade County, FL
· CCN 100183
Licensed to Hsa Cgh Llc
Already transacted. CMS recorded an ownership change effective
2024-10-30. Confirm the current owner before spending a call on this.
Composite
25.5
rank score
Distress
91
FY2024
Fit
80
vs thesis
Estimated ticket
$85.8M–$343M
245 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio under 1.5
- liabilities exceed assets
- occupancy below 30%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
- changed ownership 2024-10-30 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $97.0M |
| Operating margin | -14.1% |
| Total margin | -13.0% |
| Days cash on hand | 0 |
| Current ratio | 1.35 |
| Occupancy | 16% |
Facility
| Beds | 245 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 245 | $112M | $9.7M | -2.3% | 7.8% | 0 | 1.43 | 33% | 5,845 | 47 |
| 2021 | 245 | $74.8M | $8.9M | 11.8% | 11.8% | 0 | 1.35 | 28% | 3,310 | 34 |
| 2022 | 245 | $93.9M | $3.1M | 3.3% | 3.3% | 0 | 0.64 | 27% | 3,882 | 52 |
| 2023 | 245 | $115M | $4.1M | 0.4% | 3.5% | 0 | 0.84 | 20% | 4,233 | 54 |
| 2024 | 245 | $97.0M | $-12.7M | -14.1% | -13.0% | 0 | 1.35 | 16% | 3,794 | 91 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Healthcare Systems Of America -Florida Llc | 5% or greater direct ownership interest | 100 | 2024-10 | |
| Healthcare Systems Of America -Florida Llc | operational/managerial control | 100 | 2024-10 | |
| Mike Sarian | 5% or greater indirect ownership interest | 100 | 2024-10 | |
| Aimee Gill | contracted managing employee | 2024-10 | ||
| Aimee Gill | operational/managerial control | 2024-10 | ||
| Healthcare Systems Of America | 5% or greater indirect ownership interest | 2024-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-10-30 | change of ownership | Hsa Cgh Llc | Steward Cgh Inc |
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 |