Springbrook Hospital
Brooksville, Hernando County, FL
· CCN 104057
Licensed to Brooksville Property Resources Inc
Composite
71.1
rank score
Distress
82
FY2023
Fit
86
vs thesis
Estimated ticket
$12.7M–$50.8M
66 beds ·
within envelope
Ownership
for-profit
PH
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
- 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
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $14.4M |
| Operating margin | -11.6% |
| Total margin | -11.3% |
| Days cash on hand | 0 |
| Current ratio | 0.24 |
| Occupancy | 90% |
Facility
| Beds | 66 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $192K |
| Per-bed (high) | $770K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 66 | $15.6M | $-4.1M | -26.1% | -26.0% | 0 | 0.48 | 105% | 2,687 | 91 |
| 2021 | 66 | $20.1M | $-1.3M | -6.4% | -6.4% | 0 | 0.47 | 103% | 2,457 | 81 |
| 2022 | 66 | $14.7M | $-808K | -5.5% | -5.5% | 0 | 0.59 | 95% | 2,407 | 81 |
| 2023 | 66 | $14.4M | $-1.6M | -11.6% | -11.3% | 0 | 0.24 | 90% | 2,418 | 82 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Oglethorpe Inc | operational/managerial control | 100 | 2002-11 | |
| Robert Cohen | 5% or greater direct ownership interest | 100 | 2007-08 | |
| James Oshea | corporate officer | 25 | 2007-08 | |
| John Picciano | corporate officer | 25 | 2007-08 | |
| Samuel Bennett | w-2 managing employee | 10 | 2021-04 | |
| Joel Snook | operational/managerial control | 5 | 2022-11 | |
| Warren Knight | corporate officer | 5 | 2008-06 |
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 |