Port St Lucie Hospital
Port St. Lucie, St. Lucie County, FL
· CCN 104070
Licensed to Oglethorpe Of Port St Lucie Llc
Composite
53.7
rank score
Distress
38
FY2023
Fit
92
vs thesis
Estimated ticket
$20.6M–$82.5M
75 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- margin deteriorating
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $16.6M |
| Operating margin | 16.5% |
| Total margin | 16.6% |
| Days cash on hand | 0 |
| Current ratio | -0.19 |
| Occupancy | 85% |
Facility
| Beds | 75 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 75 | $19.0M | $3.9M | 20.1% | 20.3% | 4 | -0.22 | 87% | 1,432 | 36 |
| 2021 | 75 | $16.4M | $2.7M | 14.2% | 15.8% | 2 | -0.16 | 88% | 1,927 | 36 |
| 2022 | 75 | $16.4M | $2.5M | 15.4% | 15.5% | 0 | -0.19 | 82% | 2,031 | 36 |
| 2023 | 75 | $16.6M | $2.8M | 16.5% | 16.6% | 0 | -0.19 | 85% | 2,174 | 38 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Oglethorpe Inc | 5% or greater direct ownership interest | 100 | 2005-10 | |
| Oglethorpe Inc | operational/managerial control | 100 | 2005-10 | |
| Robert Cohen | 5% or greater direct ownership interest | 100 | 2005-10 | |
| James Oshea | corporate officer | 5 | 2005-10 | |
| Joel Snook | operational/managerial control | 5 | 2022-11 | |
| John Picciano | corporate officer | 5 | 2005-10 | |
| Mercy Estevez | w-2 managing employee | 5 | 2024-04 | |
| Warren Knight | operational/managerial control | 5 | 2020-07 | |
| James Coyle | w-2 managing employee | 2 | 2024-06 | |
| Warren Knight | corporate officer | 1 | 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 |