Seven Rivers Regional Medical Center
dba Tampa General Hospital Crystal River ·
Crystal River, Citrus County, FL
· CCN 100249
Licensed to Tampa General Hospital Citrus Llc
Already transacted. CMS recorded an ownership change effective
2023-12-01. Confirm the current owner before spending a call on this.
Composite
15.6
rank score
Distress
32
FY2023
Fit
76
vs thesis
Estimated ticket
$12.1M–$24.2M
121 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
- changed ownership 2023-12-01 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $-41.5M |
| Operating margin | 422.3% |
| Total margin | 428.7% |
| Days cash on hand | 0 |
| Current ratio | -1.06 |
| Occupancy | 63% |
Facility
| Beds | 121 |
| 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 | 112 | $82.0M | $2.1M | 0.0% | 2.5% | 0 | 4.10 | 61% | 6,072 | 29 |
| 2021 | 121 | $106M | $10.3M | 8.1% | 9.5% | 0 | -3.77 | 66% | 6,499 | 36 |
| 2022 | 121 | $124M | $16.9M | 13.1% | 13.5% | 0 | -1.12 | 62% | 6,343 | 36 |
| 2023 | 121 | $-41.5M | $-174M | 422.3% | 428.7% | 0 | -1.06 | 63% | 7,623 | 32 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Florida Health Sciences Center Inc | 5% or greater direct ownership interest | 100 | 2023-12 | |
| John Couris | corporate officer | 2023-12 | ||
| John Couris | corporate director | 2023-12 | ||
| Mark Runyon | corporate officer | 2023-12 | ||
| Mark Runyon | w-2 managing employee | 2023-12 | ||
| Stephen Harris | corporate officer | 2023-12 | ||
| Steve Short | corporate officer | 2023-12 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2023-12-01 | change of ownership | Tampa General Hospital Citrus Llc | Citrus Hma Llc |
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 |