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Reviewed 2026-06-22

NORTHEAST FLORIDA STATE HOSPITAL

Ownership, control, relationships, and source records for NORTHEAST FLORIDA STATE HOSPITAL.
Ownership receipt

What we can say clearly

NORTHEAST FLORIDA STATE HOSPITAL is marked red because reviewed ownership records connect the facility to private-equity ownership or control. The detailed chain and source links are below.

Finding
CMS-corroborated PE ownership record
Last reviewed
2026-06-22
Evidence
6 cited sources
Documented warningOwned or controlled by private equity

NORTHEAST FLORIDA STATE HOSPITAL is listed in the April 3, 2026 PE hospital tracker and matches current CMS enrollment and owner records for FLORIDA DEPARTMENT OF CHILDREN AND FAMILIES. The dossier distinguishes the enrolled legal owner from the broader sponsor and portfolio-company chain.

CMS-corroborated PE ownership record
Last verified Jun 2026
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Key sources

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Bill Reduction Available

Dollar For lists this facility for hospital bill assistance. Eligibility depends on the hospital policy and patient circumstances.
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Control Map

This leads to this

sponsors
H.I.G. CapitalFLORIDA DEPARTMENT OF CHILDREN AND FAMILIES
reported ownership or operating chain
FLORIDA DEPARTMENT OF CHILDREN AND FAMILIESNORTHEAST FLORIDA STATE HOSPITAL
is associated with
RENA FLYNNNORTHEAST FLORIDA STATE HOSPITAL

Evidence limits

Red color requiredCCN exact match2 ownership sources checked6 total sources below

Review Note

Why this page is published

government-corroborated

Meets the Phase 3 publication standard for its displayed status

Ownership & Control

Detailed records, kept below the answer

Sponsor, operator, CMS legal-owner/control records, and facility are shown as separate evidence layers.

See the full ownership chain
sponsorsH.I.G. Capital → FLORIDA DEPARTMENT OF CHILDREN AND FAMILIES

The tracker supplies the sponsor-to-platform attribution; CMS does not independently reproduce every sponsor name.

reported ownership or operating chainFLORIDA DEPARTMENT OF CHILDREN AND FAMILIES → NORTHEAST FLORIDA STATE HOSPITAL

The platform attribution comes from the research tracker and is displayed separately from CMS legal-owner rows.

is associated withRENA FLYNN → NORTHEAST FLORIDA STATE HOSPITAL

W-2 MANAGING EMPLOYEE · 0% reported ownership · associated 06/01/2005

is associated withDIANA NIELSEN → NORTHEAST FLORIDA STATE HOSPITAL

W-2 MANAGING EMPLOYEE · associated 01/03/2012

is associated withDEAGAN WATSON → NORTHEAST FLORIDA STATE HOSPITAL

W-2 MANAGING EMPLOYEE · 100% reported ownership · associated 12/09/2024

controls or managesDEAGAN WATSON → NORTHEAST FLORIDA STATE HOSPITAL

OPERATIONAL/MANAGERIAL CONTROL · 100% reported ownership · associated 12/09/2024

  • CMS owner rows establish enrolled legal ownership or control roles; they do not always name the ultimate financial sponsor.
  • Sponsor and portfolio-company labels come from the cited tracker or primary portfolio evidence.

Timeline

Ownership history and events

  1. owns

    The tracker identifies Wellpath in the PE ownership chain, and CMS supplies current enrolled-owner records for the facility.

Metrics

Financial and utilization series

MetricPeriodValueMethod note
net patient revenue07/01/2023 to 06/30/2024$7,602,808Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue07/01/2022 to 06/30/2023$5,465,039Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue07/01/2021 to 06/30/2022$6,363,658Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense07/01/2023 to 06/30/2024$95,112,494Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense07/01/2022 to 06/30/2023$82,913,901Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense07/01/2021 to 06/30/2022$80,466,641Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income07/01/2023 to 06/30/2024-$87,509,686Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income07/01/2022 to 06/30/2023-$77,448,862Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income07/01/2021 to 06/30/2022-$74,102,983Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees07/01/2023 to 06/30/202456 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees07/01/2022 to 06/30/202357 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees07/01/2021 to 06/30/202257 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds07/01/2023 to 06/30/202460 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds07/01/2022 to 06/30/202360 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds07/01/2021 to 06/30/202260 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days07/01/2023 to 06/30/202421,814 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days07/01/2022 to 06/30/202320,705 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days07/01/2021 to 06/30/202219,684 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges07/01/2023 to 06/30/2024248 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges07/01/2022 to 06/30/202317 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges07/01/2021 to 06/30/202219 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.

Evidence Notes

Contradictions, limitations, and unavailable fields

Open evidence notes
Limitation

CMS corroborates an enrolled ownership chain, but its owner names do not independently reproduce every sponsor or portfolio-company name from the tracker.

Unavailable

Precise acquisition date

Direct connection

Reported parent system or portfolio company: Wellpath.

Direct connection

Reported investment sponsor: H.I.G. Capital.

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Take the evidence with you

CSVEvidence CSV — every source with dates and URLsSpreadsheet-friendly source audit for this hospitalJSONFull evidence file JSONComplete structured evidence file exactly as published

Sources

Evidence and source documents

governmentHospitals RAPTHomeland Infrastructure Foundation-Level DataresearchPrivate Equity Hospital TrackerPrivate Equity Stakeholder ProjectgovernmentHospital EnrollmentsCenters for Medicare & Medicaid ServicesgovernmentHospital All OwnersCenters for Medicare & Medicaid ServicesgovernmentHospital Provider Cost ReportsCenters for Medicare & Medicaid ServicesgovernmentHospital General InformationCenters for Medicare & Medicaid Services