Northeast Florida State Hospital
Macclenny, Baker County, FL
· CCN 104007
Licensed to Florida Department Of Children And Families
Composite
62.9
rank score
Distress
69
FY2024
Fit
80
vs thesis
Estimated ticket
$14.0M–$56.1M
60 beds ·
within envelope
Ownership
government
PH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $7.6M |
| Operating margin | -1,151.0% |
| Total margin | -1,151.0% |
| Days cash on hand | — |
| Current ratio | — |
| Occupancy | 99% |
Facility
| Beds | 60 |
| Facility type | PH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $234K |
| Per-bed (high) | $935K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 60 | $4.3M | $-80.1M | -1,845.8% | -1,845.8% | — | — | 92% | 35 | 83 |
| 2022 | 60 | $6.4M | $-74.1M | -1,164.5% | -1,164.5% | — | — | 90% | 19 | 83 |
| 2023 | 60 | $5.5M | $-77.4M | -1,417.2% | -1,417.2% | — | — | 95% | 17 | 83 |
| 2024 | 60 | $7.6M | $-87.5M | -1,151.0% | -1,151.0% | — | — | 99% | 248 | 69 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Deagan Watson | w-2 managing employee | 100 | 2024-12 | |
| Deagan Watson | operational/managerial control | 100 | 2024-12 | |
| Diana Nielsen | w-2 managing employee | 2012-01 | ||
| Rena Flynn | w-2 managing employee | 2005-06 |
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 |
|---|---|---|---|---|
| 2025-07-01 | 9001 Tamiami Trail Opco, Llc | Willough Healthcare Inc | The Willough At Naples | 87 |
| 2019-06-03 | Southern Winds Hospital Llc | Southern Winds Health Llc | Southern Winds Hospital Llc | 72 |