Velarion Records

Long-term care hospital · Land O Lakes, Florida · 77 beds · CMS certification number 102026

Adventhealth Connerton

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended December 31, 2025, as submitted, stamped by CMS July 14, 2026. Sixteen years on file, every one shown below.

Fiscal 2025 at a glance

Net patient revenue
$50.6M
$50,558,166 · G-3 line 3
Operating expenses
$55.3M
$55,324,050 · G-3 line 4
Result from patient care
−$4.8M
−$4,765,884 · G-3 line 5
Margin on patient care
−9.4%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $10.5M in its first year on file (2010) to $50.6M in 2025.
  • Its result from patient care: −$236K (2023), −$1.4M (2024), −$4.8M (2025).
  • 2 of the 5 long-term care hospital peers below with a margin on file also report a loss on patient care for fiscal year 2025.
  • Medicaid paid for 0.3% of its inpatient days and Medicare for 31.3%.
  • ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORPORATION holds 100% of it, on its Medicare enrollment.

Every statement is drawn from figures on this page; nothing is estimated.

Sixteen years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
2010
settled
$10.5M
$11.8M
2011
settled
$23.1M
$21.2M
2012
settled
$24.5M
$23.9M
2013
settled
$26.9M
$24.4M
2014
settled
$27.9M
$25.4M
2015
settled
$30.0M
$26.6M
2016
settled
$28.9M
$27.7M
2017
settled
$29.7M
$27.6M
2018
settled
$29.2M
$27.2M
2019
settled
$29.2M
$29.8M
2020
settled
$38.2M
$38.1M
2021
settled
$44.4M
$43.9M
2022
settled
$43.7M
$48.5M
2023
settled
$49.6M
$49.8M
2024
as submitted
$49.5M
$51.0M
2025
as submitted
$50.6M
$55.3M

Beside its peers

Long-term care hospitals in Florida with 50 to 99 beds, each on fiscal year 2025.

HospitalBedsNet patient revenueOperating expensesMargin
Adventhealth Connerton77$50,558,166$55,324,050−9.4%
Select Specialty Hospital-Fort Myers, Fort Myers60$25,597,022$28,238,458−10.3%
Select Specialty Hospital - Miami Lakes, Miami Lakes60$44,741,828$38,896,30813.1%
Select Specialty Hospital-Palm Beach, Lake Worth60$34,155,544$32,952,4523.5%
Select Specialty Hospital-Pensacola, Pensacola60$43,879,820$40,393,7047.9%
Select Specialty Hospital Orlando, Orlando95$65,257,502$66,059,403−1.2%

Patients and payers

Discharges
624
S-3 line 14, col 15
Inpatient days
25,945
S-3 line 14, col 8
Beds in use, on an average day
71.3
days ÷ days in year
Occupancy
92.3%
days ÷ bed days
Medicare share of days
31.3%
S-3 cols 6 ÷ 8
Medicaid share of days
0.3%
S-3 cols 7 ÷ 8

Who owns it

  • ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORPORATION100%

Related organizations on its own cost report: ADVENTHEALTH TA, shared services; ADVENTHEALTH, home office.

Other hospitals with the same owner: Adventhealth Porter (CO), Adventhealth Avista (CO), Adventhealth Littleton (CO), Adventhealth Parker (CO), Adventhealth Castle Rock (CO), Encompass Health Rehabilitation Hospital of Littleton (CO), Adventhealth Orlando (FL), Adventhealth New Smyrna Beach (FL), Adventhealth Deland (FL), Adventhealth Zephyrhills (FL), Adventhealth North Pinellas (FL).

Type of control on its cost report: proprietary, corporation.

Owners of 5% or more, from CMS’s hospital ownership file (Medicare enrollment, October 1, 2026).

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Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2025.ZIP, form CMS-2552-10, filed under CMS certification number 102026. Patients and payers: worksheet S-3 Part I of the same filing. Ownership: CMS Hospital All Owners and Hospital Enrollments.

How this page was built: the CMS Medicare cost report, file HOSP10FY2025.ZIP, read July 14, 2026.