Coral Shores Behavioral Health
Stuart, Martin County, FL
· CCN 104080
Licensed to Coral Shores Behavioral Health Llc
Composite
61.4
rank score
Distress
51
FY2024
Fit
92
vs thesis
Estimated ticket
$18.7M–$74.8M
80 beds ·
within envelope
Ownership
for-profit
PH
Why it ranks here
- operating margin negative
- total margin negative
- under 30 days cash on hand
- liabilities exceed assets
- 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 somewhat below the envelope
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $18.0M |
| Operating margin | -2.3% |
| Total margin | -2.0% |
| Days cash on hand | 0 |
| Current ratio | 2.10 |
| Occupancy | 65% |
Facility
| Beds | 80 |
| Facility type | PH |
| Setting | urban |
| Ownership class | for-profit |
| 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 | 80 | $6.6M | $-2.6M | -42.8% | -38.4% | 0 | 1.34 | 36% | 1,862 | 87 |
| 2022 | 80 | $10.4M | $-3.4M | -32.6% | -32.4% | 0 | 1.13 | 47% | 2,527 | 83 |
| 2023 | 80 | $15.6M | $-787K | -5.1% | -5.0% | 0 | 2.16 | 59% | 3,223 | 70 |
| 2024 | 80 | $18.0M | $-364K | -2.3% | -2.0% | 0 | 2.10 | 65% | 2,880 | 51 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cheryl Ramagano | corporate officer | 100 | 2013-08 | |
| Children's Comprehensive Services, Inc. | 5% or greater direct ownership interest | 100 | 2013-08 | |
| George Brunner | corporate officer | 100 | 2013-08 | |
| Katharine Lyver | corporate officer | 100 | 2024-01 | |
| Keys Group Holdings, Llc | 5% or greater indirect ownership interest | 100 | 2013-08 | |
| Matthew Klein | corporate officer | 100 | 2013-08 | |
| Matthew Peterson | corporate officer | 100 | 2019-09 | |
| Matthew Peterson | operational/managerial control | 100 | 2019-09 | |
| Steve Filton | corporate officer | 100 | 2013-08 | |
| Steve Filton | operational/managerial control | 100 | 2013-08 | |
| Thomas Day | corporate officer | 100 | 2021-07 | |
| Uhs Children Services Inc | 5% or greater indirect ownership interest | 100 | 2013-08 | |
| Uhs Of Delaware Inc | operational/managerial control | 100 | 2013-08 | chain |
| Universal Health Services Inc | 5% or greater indirect ownership interest | 100 | 2013-08 | |
| Alan Miller | 5% or greater indirect ownership interest | 87 | 2024-03 | |
| James Coleman | contracted managing employee | 50 | 2013-08 | |
| Matthew Peterson | corporate director | 33 | 2019-09 | |
| Steve Filton | corporate director | 33 | 2013-08 | |
| Thomas Day | corporate director | 33 | 2021-07 | |
| Cheryl Ramagano | operational/managerial control | 2013-08 | ||
| Saundra Sankey | contracted managing employee | 2025-01 | ||
| Saundra Sankey | corporate officer | 2025-01 | ||
| Stephen Quintyne | contracted managing employee | 2020-12 | ||
| Stephen Quintyne | corporate officer | 2020-12 |
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 |