dealflow
envelope $200M

← Targets

Hca Florida North Florida Hosp

dba Hca Florida North Florida Hospital · Gainesville, FL · CCN 100204
Licensed to North Florida Regional Medical Center Inc

Composite
14.6
rank score
Distress
20
FY2024
Fit
68
vs thesis
Estimated ticket
$236M–$944M
472 beds · over envelope
Ownership
for-profit
STH

Why it ranks here

  • under 30 days cash on hand
  • urban — higher occupancy and iteration surface
  • very large — likely out of range
  • estimated price exceeds the capital envelope
  • strong occupancy — good iteration surface
  • for-profit — no charitable conversion review

Latest financials · FY2024

Net patient revenue$650M
Operating margin 31.6%
Total margin 32.8%
Days cash on hand 0
Current ratio 1.64
Occupancy86%

Facility

Beds472
Facility typeSTH
Settingurban
Ownership classfor-profit
Per-bed (low) $500K
Per-bed (high) $2.0M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 408 $545M $150M 25.7% 27.1% 0 2.22 87% 25,453 22
2022 462 $639M $153M 23.0% 23.8% 0 2.15 90% 28,000 22
2023 462 $631M $196M 28.9% 30.4% 1 2.40 86% 28,910 22
2024 472 $650M $217M 31.6% 32.8% 0 1.64 86% 29,940 20

Owners

OwnerRole%SinceType
Hca Healthcare Inc
Nashville, TN
5% or greater indirect ownership interest 100 2016-05
Hca Inc
Nashville, TN
5% or greater indirect ownership interest 100 2016-05
Healthserv Acquisition Llc
Nashville, TN
5% or greater direct ownership interest 100 2016-05
Healthtrust Inc - The Hospital Company
Nashville, TN
5% or greater indirect ownership interest 100 2016-05
Frisco Holding Ii
Wilmington, DE
5% or greater indirect ownership interest 16 2026-02
Hercules Holding Ii
Nashville, TN
5% or greater indirect ownership interest 14 2016-05
Brad Spicer corporate officer 2023-01
Brian Cook corporate officer 2023-01
Christopher Wyatt corporate officer 2016-04
Christopher Wyatt corporate director 2016-04
Deborah Mullin corporate officer 2016-04
Douglas Downey corporate officer 2016-04
Edwin Robinson corporate officer 2025-09
Eric Smith other 2021-03
Gabriel Bullaro corporate officer 2025-04
Gabriel Bullaro w-2 managing employee 2025-04
Gary Whitmore corporate officer 2023-01
Henry Maxwell corporate officer 2024-01
Jaime Derensis corporate officer 2020-11
Jeffery Mcinturff corporate officer 2021-11
John Franck corporate officer 2016-04
John Franck corporate director 2016-04
John Hackett corporate officer 2016-04
John Starling corporate officer 2019-10
Jon Foster corporate officer 2023-01

Showing 25 of 42. Full list via /api/targets/100204.

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