Wekiva Springs Center Llc
dba Wekiva Springs Center ·
Jacksonville, Jacksonville County, FL
· CCN 104069
Licensed to Wekiva Springs Center Llc
Composite
55.5
rank score
Distress
37
FY2024
Fit
92
vs thesis
Estimated ticket
$33.0M–$132M
120 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 45-60%
- margin slipping
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size uses the capital envelope well
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $17.8M |
| Operating margin | 8.8% |
| Total margin | 9.0% |
| Days cash on hand | 0 |
| Current ratio | -0.13 |
| Occupancy | 46% |
Facility
| Beds | 120 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $275K |
| Per-bed (high) | $1.1M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 120 | $16.4M | $1.8M | 10.2% | 10.7% | 0 | 1.99 | 53% | 2,886 | 24 |
| 2022 | 120 | $20.6M | $2.0M | 9.7% | 9.8% | 0 | 2.41 | 53% | 3,096 | 24 |
| 2023 | 120 | $22.9M | $3.0M | 13.2% | 13.3% | 0 | 2.53 | 54% | 3,461 | 24 |
| 2024 | 120 | $17.8M | $1.6M | 8.8% | 9.0% | 0 | -0.13 | 46% | 3,070 | 37 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cheryl Ramagano | corporate officer | 100 | 2010-11 | |
| Cheryl Ramagano | operational/managerial control | 100 | 2010-11 | |
| George Brunner | corporate officer | 100 | 2010-11 | |
| Katharine Lyver | corporate officer | 100 | 2024-01 | |
| Matthew Klein | corporate officer | 100 | 2010-11 | |
| Matthew Peterson | corporate officer | 100 | 2019-09 | |
| Matthew Peterson | operational/managerial control | 100 | 2019-09 | |
| Premier Behavioral Solutions, Inc. | 5% or greater direct ownership interest | 100 | 2006-04 | |
| Psychiatric Solutions, Inc. | 5% or greater indirect ownership interest | 100 | 2006-04 | |
| Sheila Carr | corporate officer | 100 | 2010-11 | |
| Steve Filton | corporate officer | 100 | 2013-11 | |
| Steve Filton | operational/managerial control | 100 | 2010-11 | |
| Thomas Day | corporate officer | 100 | 2021-07 | |
| Uhs Of Delaware Inc | operational/managerial control | 100 | 2010-11 | chain |
| Universal Health Services Inc | 5% or greater indirect ownership interest | 100 | 2010-11 | |
| Alan Miller | 5% or greater indirect ownership interest | 87 | 2024-03 | |
| James Coleman | contracted managing employee | 50 | 2010-11 | |
| Jessica Lamanna | contracted managing employee | 50 | 2013-01 | |
| Steve Filton | corporate director | 33 | 2010-11 | |
| Matthew Peterson | corporate director | 33 | 2019-09 | |
| Thomas Day | corporate director | 33 | 2021-07 | |
| Elise Dumo | contracted managing employee | 2024-09 |
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 |