Florida State Hospital
Chattachoochee, Gadsden County, FL
· CCN 100298
Licensed to Florida Department Of Children And Families
Composite
61.0
rank score
Distress
85
FY2024
Fit
56
vs thesis
Estimated ticket
$8.4M–$33.6M
24 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- liabilities exceed assets
- occupancy below 30%
- urban — higher occupancy and iteration surface
- very small facility
- small ticket — deploys little of the available capital
- very low occupancy — limited volume to learn from
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $7.2M |
| Operating margin | -2,324.5% |
| Total margin | -2,324.5% |
| Days cash on hand | — |
| Current ratio | — |
| Occupancy | 22% |
Facility
| Beds | 24 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 24 | $3.3M | $-122M | -3,648.4% | -3,648.4% | — | 0.35 | 7% | 1 | 100 |
| 2022 | 24 | $2.6M | $-117M | -4,534.7% | -4,534.7% | — | — | 22% | — | 100 |
| 2023 | 24 | $1.9M | $-140M | -7,206.1% | -7,206.1% | — | — | 19% | — | 100 |
| 2024 | 24 | $7.2M | $-168M | -2,324.5% | -2,324.5% | — | — | 22% | 14 | 85 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Anthony Reed | w-2 managing employee | 100 | 2025-06 | |
| Anthony Reed | operational/managerial control | 100 | 2025-06 | |
| Florida Department Of Children And Families | operational/managerial control | 100 | 1990-01 | |
| Diana Nielsen | w-2 managing employee | 2012-01 | ||
| Rena Flynn | w-2 managing employee | 2005-06 |
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 |