Ascension St. Vincents Southside Ho
dba Ascension St. Vincent's Southside ·
Jacksonville, Duval County, FL
· CCN 100307
Licensed to St Lukes - St Vincents Healthcare
Composite
56.2
rank score
Distress
63
FY2024
Fit
70
vs thesis
Estimated ticket
$19.6M–$39.1M
230 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin -10% to -5%
- total margin -8% to -3%
- under 30 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $258M |
| Operating margin | -6.9% |
| Total margin | -5.5% |
| Days cash on hand | 0 |
| Current ratio | 1.54 |
| Occupancy | 48% |
Facility
| Beds | 230 |
| Facility type | STH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 282 | $235M | $16.3M | 6.5% | 6.9% | 0 | 0.62 | 37% | 9,246 | 41 |
| 2022 | 263 | $238M | $-6.7M | -4.8% | -2.8% | 0 | 0.87 | 42% | 9,053 | 60 |
| 2023 | 230 | $238M | $-1.2M | -1.4% | -0.5% | 0 | 1.14 | 49% | 10,289 | 51 |
| 2024 | 230 | $258M | $-14.4M | -6.9% | -5.5% | 0 | 1.54 | 48% | 9,856 | 63 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| St Lukes - St Vincents Healthcare | 5% or greater direct ownership interest | 100 | 2008-04 | |
| St. Vincent's Health System, Inc. | 5% or greater indirect ownership interest | 100 | 2008-04 | |
| Us Bank National Association | 5% or greater security interest | 100 | 2013-05 | |
| Coba Cornejo | corporate officer | 2018-06 | ||
| Coba Cornejo | w-2 managing employee | 2018-06 | ||
| Coba Cornejo | operational/managerial control | 2018-06 | ||
| Don King | corporate officer | 2023-05 | ||
| Don King | w-2 managing employee | 2023-05 | ||
| Don King | operational/managerial control | 2023-05 | ||
| Helen Rowan | corporate director | 2015-07 | ||
| Jalima Trank | corporate officer | 2023-05 | ||
| Jalima Trank | w-2 managing employee | 2023-05 | ||
| Jalima Trank | operational/managerial control | 2023-05 | ||
| Jeremy Kraft | corporate director | 2016-08 | ||
| Jeremy Kraft | w-2 managing employee | 2016-08 | ||
| Kevin Rinks | corporate officer | 2024-07 | ||
| Kevin Rinks | w-2 managing employee | 2024-07 | ||
| Kevin Rinks | operational/managerial control | 2024-07 |
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 |