dealflow
envelope $200M

← Targets

Suncoast Behavioral Health Center

Bradenton, Manatee County, FL · CCN 104078

Composite
55.0
rank score
Distress
49
FY2023
Fit
82
vs thesis
Estimated ticket
$11.0M–$44.0M
40 beds · within envelope
Ownership
for-profit
PH

Why it ranks here

  • operating margin negative
  • total margin under 2%
  • under 30 days cash on hand
  • liabilities exceed assets
  • occupancy 45-60%
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • small but workable bed count
  • small ticket — deploys little of the available capital
  • moderate occupancy
  • for-profit — no charitable conversion review

Latest financials · FY2023

Net patient revenue$12.9M
Operating margin -1.4%
Total margin 0.7%
Days cash on hand 0
Current ratio 2.85
Occupancy55%

Facility

Beds40
Facility typePH
Settingurban
Ownership classfor-profit
Per-bed (low) $275K
Per-bed (high) $1.1M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 60 $8.3M $-956K -14.3% -11.3% 0 0.86 62% 2,260 87
2021 60 $8.7M $-1.2M -13.0% -13.8% 0 0.83 47% 1,766 89
2022 40 $8.7M $-2.1M -23.9% -23.7% 0 1.89 59% 1,050 80
2023 40 $12.9M $93.7K -1.4% 0.7% 0 2.85 55% 901 49

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
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