Adventhealth Palm Coast Parkway
Palm Coast, FL
· CCN 100363
Licensed to Adventhealth Palm Coast Parkway Inc
Composite
70.3
rank score
Distress
73
FY2024
Fit
88
vs thesis
Estimated ticket
$35.0M–$140M
100 beds ·
within envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 90-150 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $98.3M |
| Operating margin | -13.2% |
| Total margin | -11.9% |
| Days cash on hand | 104 |
| Current ratio | 0.25 |
| Occupancy | 61% |
Facility
| Beds | 100 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 100 | $98.3M | $-11.8M | -13.2% | -11.9% | 104 | 0.25 | 61% | 4,749 | 73 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Adventist Health System Sunbelt Healthcare Corporation | 5% or greater direct ownership interest | 100 | 2021-03 | chain |
| Amit Nanavati | corporate director | 2023-06 | ||
| Anthony Papandrea | corporate director | 2023-06 | ||
| Audrey Gregory | corporate officer | 2023-04 | ||
| Audrey Gregory | corporate director | 2023-04 | ||
| Daniel Mcdermott | corporate director | 2024-12 | ||
| David Fowler | corporate director | 2023-06 | ||
| Debora Thomas | corporate officer | 2023-08 | ||
| Denyse Bales-Chubb | corporate officer | 2022-12 | ||
| Denyse Bales-Chubb | corporate director | 2022-12 | ||
| Haney Vincent | corporate officer | 2021-12 | ||
| Jessica Brazier | corporate director | 2023-06 | ||
| Kari Vargas | corporate director | 2024-12 | ||
| Laura Gilvary | corporate director | 2024-04 | ||
| Lynn Addiscott | corporate officer | 2021-12 | ||
| Mark Rathbun | contracted managing employee | 2022-12 | ||
| Mark Rathbun | corporate officer | 2021-12 | ||
| Mark Rathbun | corporate director | 2021-12 | ||
| Mark Rathbun | operational/managerial control | 2022-12 | ||
| Michael Chiumento | corporate director | 2024-12 | ||
| Michael Saunders | corporate officer | 2021-12 | ||
| Michele Goeb-Burkett | corporate director | 2023-06 | ||
| Raven Sword | corporate director | 2023-06 | ||
| Richard Cashio | corporate director | 2024-12 | ||
| Sebastian Lopez | corporate director | 2023-06 |
Showing 25 of 30. Full list via /api/targets/100363.
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 |