Market Analysis — ADVENTHEALTH WATERMAN
FL market | 3 hospitals | HHI: 5,093 (Concentrated)
🛡️ Public data only — no PHI permitted on this instance.
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3
Hospitals in Market
521
Total Beds
$0.7B
Market Revenue
Concentrated
HHI: 5,093
Narrow
Moat Rating (7/10)
#1
Market Share Rank
Competitive Moat (Mauboussin Framework)
Based on "Measuring the Moat" adapted for healthcare. Score 0-10: wide (8+), narrow (5-7), none (<5).
Scale Advantagestrong
Switching Costshigh
Market Share51.0%
Top 3 Concentration100.0%
Network Density0.58
Margin vs Market-6.3%
Bed Util vs Market+3.7%
What This Means
This hospital has a narrow moat — narrow moat — some competitive advantages, but vulnerable to new entrants. The FL market is highly concentrated — few dominant players, potential antitrust concerns (HHI: 5,093).
Implications: Operational improvements are the primary value driver — see the EBITDA bridge. Compare against peers via comparables or see the full FL market.
Top Competitors
| Hospital | Beds | Revenue | Rev Share | Bed Share |
|---|---|---|---|---|
| ORLANDO HEALTH SOUTH LAKE HOSPITAL | 167 | $332M | 49.9% | 32.0% |
| LIFESTREAM BEHAVIORAL CENTER | 66 | $-6M | -0.9% | 12.7% |
Regional Payer Mix
■ Medicare 23%■ Medicaid 2%■ Commercial 76%