dealflow
envelope $200M

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Landmark Hospital Of Southwest Flori

Lehigh Acres, Lee County, FL · CCN 102032

Composite
72.5
rank score
Distress
94
FY2024
Fit
76
vs thesis
Estimated ticket
$6.7M–$26.9M
32 beds · within envelope
Ownership
for-profit
LTCH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • under 30 days cash on hand
  • current ratio below 0.8
  • liabilities exceed assets
  • occupancy 45-60%
  • margin deteriorating sharply
  • urban — higher occupancy and iteration surface
  • LTCH — distress here is a payment-model artifact
  • small but workable bed count
  • small ticket — deploys little of the available capital
  • moderate occupancy
  • for-profit — no charitable conversion review

Latest financials · FY2024

Net patient revenue$9.2M
Operating margin -26.0%
Total margin -25.3%
Days cash on hand 15
Current ratio 0.14
Occupancy53%

Facility

Beds32
Facility typeLTCH
Settingurban
Ownership classfor-profit
Per-bed (low) $210K
Per-bed (high) $840K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 50 $25.5M $-392K -6.1% -1.5% 73 1.44 57% 1,150 57
2022 32 $14.9M $-2.5M -22.0% -14.4% 35 0.50 52% 308 88
2023 32 $12.7M $870K 6.1% 6.8% 79 -2.90 63% 256 23
2024 32 $9.2M $-2.3M -26.0% -25.3% 15 0.14 53% 214 94

Owners

No ownership records — CMS has no owner filings mapped to this CCN.

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.

DateBuyerSellerHospitalBeds
2019-09-30 Pam Specialty Hospital Of Sarasota Llc New Lifecare Hospitals Of Sarasota, Llc Pam Specialty Hospital Of Sarasota 40
2019-04-03 Select Specialty Hospital - Miami... Promise Hospital Of Dade, Inc. Ssh - Miami Lakes 60
2019-04-03 Select Specialty Hospital - The... Promise Hospital Of Florida At The... Ssh - The Villages 40
2019-04-03 Select Specialty Hospital - Fort... Promise Hospital Of Lee, Inc. Ssh - Fort Myers 60
2018-04-01 Curahealth Jacksonville Llc Memorial Healthcare Group Inc Curahealth Jacksonville Llc 107