Baycare Hospital Wesley Chapel
Wesley Chapel, Pasco County, FL
· CCN 100362
Licensed to Baycare Pasco Inc
Composite
69.0
rank score
Distress
89
FY2023
Fit
72
vs thesis
Estimated ticket
$30.1M–$120M
86 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- occupancy below 30%
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size somewhat below the envelope
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $39.7M |
| Operating margin | -38.7% |
| Total margin | -35.7% |
| Days cash on hand | 1 |
| Current ratio | -39.32 |
| Occupancy | 20% |
Facility
| Beds | 86 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 86 | $39.7M | $-14.5M | -38.7% | -35.7% | 1 | -39.32 | 20% | 1,231 | 89 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Baycare Health System, Inc. | 5% or greater direct ownership interest | 100 | 2018-08 | |
| Alan Bomstein | corporate director | 2023-03 | ||
| Benjamin Damsker | corporate director | 2023-03 | ||
| Cathy Swanson | corporate director | 2023-03 | ||
| Charles Osterholt | corporate director | 2023-03 | ||
| David Morrow | corporate director | 2023-03 | ||
| Hugh Campbell | corporate director | 2023-03 | ||
| James Cantonis | corporate director | 2023-03 | ||
| Jorge Navas | corporate director | 2023-03 | ||
| Katherine Cole | corporate director | 2023-03 | ||
| Kimberly Guy | corporate officer | 2022-11 | ||
| Kurt Erickson | corporate director | 2023-03 | ||
| Michael Colletti | w-2 managing employee | 2025-10 | ||
| Patricia Shirley | corporate director | 2023-03 | ||
| Rafael Garcia | corporate director | 2023-03 | ||
| Rebecca Schulkowski | contracted managing employee | 2022-08 | ||
| Rena Upshaw-Frazier | corporate director | 2023-03 | ||
| Ricardo Colon | corporate director | 2023-03 | ||
| Robert Burwell | corporate director | 2023-03 | ||
| Stephanie Conners | other | 2023-03 | ||
| Susan Latvala | corporate director | 2023-03 | ||
| Tracy Halme | corporate director | 2023-03 | ||
| Vincent Ferrara | corporate director | 2023-03 | ||
| Yvonne Fry | corporate director | 2023-03 |
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 |