dealflow
envelope $200M

← Targets

Doctors Center Hospital Oh-Dorado

dba Doctors' Center Hospital - Orlando Health - Dorado · Dorado, PR · CCN 400137
Licensed to Shc Owner, Llc

Composite
71.8
rank score
Distress
91
FY2023
Fit
77
vs thesis
Estimated ticket
$17.5M–$70.0M
50 beds · within envelope
Ownership
for-profit
STH

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
  • 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$16.9M
Operating margin -42.4%
Total margin -37.5%
Days cash on hand 27
Current ratio 0.40
Occupancy83%

Facility

Beds50
Facility typeSTH
Settingurban
Ownership classfor-profit
Per-bed (low) $350K
Per-bed (high) $1.4M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2023 50 $16.9M $-6.6M -42.4% -37.5% 27 0.40 83% 2,107 91

Owners

OwnerRole%SinceType
Belinda Lee Toro corporate officer 100 2022-03
Belinda Lee Toro w-2 managing employee 100 2023-12
Carlos Blanco Ramos corporate officer 100 2022-03
Carlos Blanco Ramos operational/managerial control 100 2022-03
Shc Holding Llc
Dorado, PR
5% or greater direct ownership interest 100 2011-07
Shc Holding Llc
Dorado, PR
operational/managerial control 100 2022-09
Carlos Blanco Ramos 5% or greater indirect ownership interest 15 2023-06
Shc Holding Llc
Dorado, PR
5% or greater indirect ownership interest 15 2022-09

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 PR

Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.

DateBuyerSellerHospitalBeds
2024-06-07 The San Jorge Hospital Inc San Jorge Children's Hospital, Inc. San Jorge Childrens & Women Hospital
2023-12-20 Metro Caguas Incorporated Centro Medico Del Turabo Inc Hospital Hima San Pablo Caguas 421
2023-12-15 Am Acquisition I, Llc Centro Medico Del Turabo Inc Hospital Hima San Pablo Bayamon 424
2020-02-29 Hospital Menonita Humacao, Inc. Hospital Oriente Inc Hospital Menonita Humacao 73
2017-09-13 Hospital Menonita Guayama Inc Hospital Episcopal San Lucas Guayama, Inc. Hospital Menonita Guayama 140