Fishermens Hospital
dba Fishermen's Community Hospital ·
Marathon, Monroe County, FL
· CCN 101312
Licensed to Fishermen's Health Inc
Composite
35.8
rank score
Distress
40
FY2023
Fit
44
vs thesis
Estimated ticket
$680K–$1.4M
8 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- occupancy below 30%
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $47.7M |
| Operating margin | 23.5% |
| Total margin | 27.3% |
| Days cash on hand | 0 |
| Current ratio | 0.44 |
| Occupancy | 5% |
Facility
| Beds | 8 |
| Facility type | CAH |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 4 | $16.7M | $-991K | -16.1% | -5.4% | 0 | 0.30 | 2% | 10 | 96 |
| 2021 | 8 | $22.3M | $966K | -15.2% | 3.6% | 0 | 1.02 | 1% | 13 | 73 |
| 2022 | 8 | $43.0M | $17.6M | 23.5% | 34.8% | 0 | 0.87 | 5% | 62 | 48 |
| 2023 | 8 | $47.7M | $13.7M | 23.5% | 27.3% | 0 | 0.44 | 5% | 53 | 40 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Albert Boulenger | w-2 managing employee | 2023-03 | ||
| Aleta Williamson | corporate director | 2024-10 | ||
| Angela Davis- Culver | corporate director | 2021-09 | ||
| Baptist Health South Florida Inc | operational/managerial control | 2017-07 | ||
| Derek Papp | corporate director | 2024-09 | ||
| Drew Grossman | corporate officer | 2021-02 | ||
| Drew Grossman | corporate director | 2021-02 | ||
| James Leonard | corporate director | 2023-07 | ||
| Jane Packard | corporate director | 2021-10 | ||
| Janice Roehl- Anderson | corporate director | 2020-10 | ||
| Jonathan Guevarra | corporate director | 2021-02 | ||
| Kelley Bergstrom | corporate director | 2024-04 | ||
| Lesley Rhyne | corporate director | 2020-02 | ||
| Matthew Arsenault | corporate officer | 2018-09 | ||
| Matthew Arsenault | operational/managerial control | 2018-09 | ||
| Peter Chapman | corporate director | 2017-07 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2017-07-01 | change of ownership | Fishermen's Health Inc | Fishermen's Hospital, Inc. |
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 |
|---|---|---|---|---|
| 2017-07-01 | Fishermen's Health Inc | Fishermen's Hospital, Inc. | Fishermens Hospital | 8 |