Sebastian River Medical Center
dba Orlando Health Sebastian River Hospital ·
Sebastian, Indian River County, FL
· CCN 100217
Licensed to Ohsrh, Llc
Already transacted. CMS recorded an ownership change effective
2024-10-23. Confirm the current owner before spending a call on this.
Composite
13.1
rank score
Distress
22
FY2023
Fit
64
vs thesis
Estimated ticket
$14.5M–$29.0M
145 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- liabilities exceed assets
- occupancy below 30%
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
- changed ownership 2024-10-23 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $128M |
| Operating margin | 6.9% |
| Total margin | 8.0% |
| Days cash on hand | — |
| Current ratio | 1.89 |
| Occupancy | 29% |
Facility
| Beds | 145 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 126 | $85.9M | $2.6M | -3.5% | 2.9% | 0 | 0.72 | 33% | 4,310 | 68 |
| 2021 | 145 | $111M | $-13.5M | -14.5% | -12.0% | 0 | 0.97 | 33% | 4,225 | 92 |
| 2022 | 145 | $121M | $8.9M | 2.8% | 7.1% | 0 | 4.39 | 35% | 4,345 | 36 |
| 2023 | 145 | $128M | $10.3M | 6.9% | 8.0% | — | 1.89 | 29% | 3,828 | 22 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Orlando Health Inc | 5% or greater direct ownership interest | 100 | 2024-10 | chain |
| Orlando Health Inc | operational/managerial control | 100 | 2024-10 | chain |
| David Strong | corporate officer | 2024-10 | ||
| John Miller | corporate director | 2024-10 | ||
| John Miller | w-2 managing employee | 2024-10 | ||
| Michele Napier | corporate director | 2024-10 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2024-10-23 | change of ownership | Ohsrh, Llc | Steward Sebastian River... |
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 |