Westchester General Hospital
dba Coral West Community Hospital ·
Miami, FL
· CCN 100284
Licensed to Westchester General Hospital, Inc.
Composite
68.5
rank score
Distress
78
FY2023
Fit
84
vs thesis
Estimated ticket
$34.3M–$137M
98 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio under 1.5
- occupancy 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $42.7M |
| Operating margin | -52.1% |
| Total margin | -13.8% |
| Days cash on hand | 7 |
| Current ratio | 1.47 |
| Occupancy | 32% |
Facility
| Beds | 98 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $350K |
| Per-bed (high) | $1.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 98 | $27.4M | $-730K | -51.0% | -1.8% | 49 | 1.11 | 40% | 1,951 | 66 |
| 2021 | 98 | $34.7M | $-5.1M | -37.4% | -12.0% | 4 | 1.12 | 36% | 1,844 | 76 |
| 2022 | 98 | $33.9M | $-11.0M | -64.3% | -24.7% | 3 | 1.08 | 30% | 3,326 | 79 |
| 2023 | 98 | $42.7M | $-7.9M | -52.1% | -13.8% | 7 | 1.47 | 32% | 4,055 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Coral Terrace Holdings Llc | 5% or greater direct ownership interest | 100 | 2026-03 | |
| Daniel Schaffer | contracted managing employee | 2026-03 | ||
| Daniel Schaffer | corporate officer | 2026-03 | ||
| Helena Bernstein | contracted managing employee | 2026-03 | ||
| Helena Bernstein | corporate officer | 2026-03 | ||
| Jeremie Paritzky | corporate officer | 2026-03 | ||
| Mary Valdes | operational/managerial control | 2017-12 |
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 |