Hca Florida Kendall Hospital
Miami, FL
· CCN 100209
Licensed to Kendall Healthcare Group Ltd
Composite
15.1
rank score
Distress
23
FY2023
Fit
68
vs thesis
Estimated ticket
$212M–$848M
424 beds ·
over envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio under 1.5
- 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 · FY2023
| Net patient revenue | $606M |
| Operating margin | 46.9% |
| Total margin | 48.1% |
| Days cash on hand | 0 |
| Current ratio | 1.01 |
| Occupancy | 62% |
Facility
| Beds | 424 |
| 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 | 419 | $479M | $153M | 31.0% | 31.6% | 0 | 0.16 | 71% | 19,335 | 36 |
| 2021 | 424 | $553M | $179M | 30.9% | 31.9% | 0 | 0.40 | 72% | 21,190 | 36 |
| 2022 | 424 | $541M | $204M | 35.2% | 36.7% | 0 | 0.33 | 66% | 20,704 | 36 |
| 2023 | 424 | $606M | $298M | 46.9% | 48.1% | 0 | 1.01 | 62% | 20,544 | 23 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Chc Holdings Inc | 5% or greater indirect ownership interest | 100 | 2023-07 | |
| Columbia Hospital Corporation - Delaware | 5% or greater indirect ownership interest | 100 | 2007-06 | |
| Columbia Hospital Corporation Of Kendall | operational/managerial control | 100 | 2007-06 | |
| Hca Healthcare Inc | 5% or greater indirect ownership interest | 100 | 2011-10 | |
| Hca Inc | 5% or greater indirect ownership interest | 100 | 2007-06 | |
| Healthtrust Inc - The Hospital Company | 5% or greater indirect ownership interest | 100 | 2007-06 | |
| Hti Hospital Holdings Inc | 5% or greater indirect ownership interest | 100 | 2007-06 | |
| Columbia Hospital Corporation Of Kendall | limited partnership interest | 65 | 2007-06 | |
| Frisco Holding Ii | 5% or greater indirect ownership interest | 53 | 2006-11 | |
| Hercules Holding Ii | 5% or greater indirect ownership interest | 22 | 2006-11 | |
| Columbia Hospital Corporation Of Kendall | general partnership interest | 20 | 2007-06 | |
| Chc Holdings Inc | limited partnership interest | 15 | 2023-07 | |
| Benjamin Harris | corporate officer | 2023-06 | ||
| Benjamin Harris | w-2 managing employee | 2023-06 | ||
| Eric Smith | contracted managing employee | 2021-07 | ||
| Joesph Britner | w-2 managing employee | 2023-06 | ||
| Vickie Magurean | corporate officer | 2023-12 | ||
| Vickie Magurean | w-2 managing employee | 2023-12 |
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 |