dealflow
envelope $200M

← Targets

Broward Health Imperial Point

Ft. Lauderdale, Broward County, FL · CCN 100200
Licensed to North Broward Hospital District

Composite
60.2
rank score
Distress
65
FY2024
Fit
78
vs thesis
Estimated ticket
$54.8M–$219M
129 beds · within envelope
Ownership
government
STH

Why it ranks here

  • operating margin below -10%
  • under 30 days cash on hand
  • current ratio below 0.8
  • occupancy 30-45%
  • margin slipping
  • urban — higher occupancy and iteration surface
  • bed count in the target band
  • ticket size uses the capital envelope well
  • thin occupancy
  • government-owned — public process likely

Latest financials · FY2024

Net patient revenue$130M
Operating margin -15.2%
Total margin 2.1%
Days cash on hand 0
Current ratio 0.78
Occupancy37%

Facility

Beds129
Facility typeSTH
Settingurban
Ownership classgovernment
Per-bed (low) $425K
Per-bed (high) $1.7M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 157 $100M $4.0M -18.9% 3.2% 0 0.01 48% 4,384 73
2022 157 $110M $-11.9M -26.5% -9.4% 0 0.89 45% 4,303 78
2023 157 $117M $1.4M -16.6% 1.0% 0 0.01 39% 4,741 80
2024 129 $130M $3.3M -15.2% 2.1% 0 0.78 37% 4,681 65

Owners

OwnerRole%SinceType
Alisa Bert corporate officer 2023-03
Alisa Bert corporate director 2023-03
Alisa Bert operational/managerial control 2023-03
Christopher Pernicano corporate officer 2021-04
Jonathan Hage corporate officer 2021-04
Levi Williams corporate officer 2021-04
Matthew Hartley corporate officer 2025-09
Matthew Hartley corporate director 2025-09
Matthew Hartley operational/managerial control 2025-09
Nancy Gregoire corporate officer 2017-12
North Broward Hospital District
Fort Lauderdale, FL
5% or greater direct ownership interest 1984-01
North Broward Hospital District
Fort Lauderdale, FL
operational/managerial control 1984-01
Paul Tanner corporate officer 2022-05
Paul Tanner corporate director 2022-05
Paul Tanner operational/managerial control 2022-05
Ray Berry corporate officer 2018-05
Shane Strum corporate officer 2021-03
Shane Strum corporate director 2021-03
Shane Strum operational/managerial control 2021-03
Stacy Angier corporate officer 2018-10
Stuart Glassberg w-2 managing employee 2012-07

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.

DateBuyerSellerHospitalBeds
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