Memorial Healthcare System

What Memorial Healthcare System does

Memorial Healthcare System is a public, not-for-profit health system operated by the South Broward Hospital District and headquartered in Hollywood, Florida. Founded in 1953 and employing more than 10,000 staff, the system serves a primary catchment of nearly two million residents across Broward and Miami-Dade counties through six hospitals (Memorial Regional Hospital as the Level 1 Trauma Center flagship, Memorial Regional Hospital South, Joe DiMaggio Children's Hospital, Memorial Hospital West, Memorial Hospital Miramar, and Memorial Hospital Pembroke), supplemented by multiple freestanding emergency departments, urgent care centers, primary care locations, telehealth via MemorialDocNow, and a home health service line. Specialty depth is concentrated in the Memorial Cancer Institute, Cardiac and Vascular Institute, Neuroscience Institute, Rehabilitation Institute, Transplant Institute, and Orthopaedic Surgery and Sports Medicine Center.

The underlying technology base is Epic's EHR platform, with MyChart as the patient-facing portal and EpicCare Link providing community provider connectivity for referrals, results review, and care coordination. The clinical technology portfolio emphasizes advanced imaging and minimally invasive treatment: the da Vinci 5 robotic surgical system (used for kidney transplant procedures), the Edison Histotripsy System for non-invasive liver cancer treatment, the ExactVu 29 MHz micro-ultrasound for prostate imaging, a Siemens photon-counting cardiac CT, and a Varian TrueBeam linear accelerator installed via the McLaren Flint / Karmanos Cancer Institute partnership. Recent capital commitments exceed $720 million, including a $670 million surgical tower at Memorial Regional Hospital, a $34.8 million Miramar freestanding emergency department, and a $15.59 million redesign of the Memorial Cardiac and Vascular Institute.

Revenue is generated primarily through acute, emergency, surgical, oncology, cardiovascular, and outpatient services billed to commercial, Medicare, and Medicaid payors under quote-based pricing, supplemented by property tax millage revenue from the South Broward Hospital District (approved at a 15-year low of 0.0805 in H1 FY2025) and by community investment income. Patient access combines scheduled care through MyChart, walk-in urgent and emergency access, physician referrals, and on-demand virtual visits, with EpicCare Link enabling affiliated practice integration. Net operating revenue grew 9.9% year-over-year in H1 FY2025 alongside 11.9% admissions growth and 7.7% hospital outpatient visit growth, while investment income more than doubled to $106.6 million, reflecting significant balance-sheet scale.

Name

Memorial Healthcare System

Legal name

South Broward Hospital District

Website

https://mhs.net

Company type

Private

Founded year

1953

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Memorial Healthcare System is a public, nonprofit South Florida health system operating six hospitals, freestanding emergency departments, urgent care centers, and telehealth to serve nearly two million Broward and Miami-Dade residents, anchored by a Level 1 Trauma Center and specialty institutes in cancer, cardiac, neuroscience, transplant, and rehabilitation.

Ownership category

akta.pro rank

Headquarters

HQ city

Hollywood

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Hospital and Outpatient Patient Care Services: Primary revenue from providing acute care, emergency, surgical, oncology, cardiovascular, and other medical services across six hospitals, freestanding ERs, urgent care centers, and outpatient facilities. Revenue grew 9.9% year-over-year in H1 2025 with 11.9% admissions growth and 7.7% hospital outpatient visit growth.
2. Tax Millage Revenue: South Broward Hospital District Board of Commissioners approves millage rates to support community services and facility expansions. The system announced the lowest-ever millage tax rate of 0.0805, a 7.4% decrease from prior year and the lowest in the district's 15-year history.
3. Partnership-Based Oncology Services: Revenue generated through radiation oncology and cancer care services facilitated by the McLaren Flint/Karmanos Cancer Institute partnership at the Memorial Healthcare Cancer Center in Owosso, Michigan.
4. Community Health and Public Health Reporting: Revenue partially supported by community investment income, which more than doubled to $106.6 million from $44.7 million in the prior year, contributing to strong first-half fiscal year 2025 financial results.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels8 records

Core offering

Memorial Healthcare System provides inpatient, outpatient, emergency, and virtual healthcare services through six hospitals, freestanding emergency departments, urgent care centers, and primary care locations across South Florida. Its portfolio includes specialty institutes for cancer, cardiac and vascular care, neuroscience, rehabilitation, transplant, orthopedics, women's services, pediatrics, and mental health. The system serves individual patients directly through walk-in, scheduled, emergency, and telehealth access points and supports community providers via EpicCare Link.

Product overview

Memorial Healthcare System is a multi-hospital healthcare system operating primarily in Broward County, Florida, providing a broad portfolio of inpatient, outpatient, and virtual care services. The system consists of six hospitals (Memorial Regional Hospital as flagship Level 1 Trauma Center, Memorial Regional Hospital South, Joe DiMaggio Children's Hospital, Memorial Hospital West, Memorial Hospital Miramar, and Memorial Hospital Pembroke) supplemented by freestanding emergency departments, urgent care centers, and an extensive network of specialty institutes. The core clinical institutes include the Memorial Cancer Institute, Memorial Cardiac and Vascular Institute, Memorial Neuroscience Institute, Memorial Rehabilitation Institute, Memorial Transplant Institute, and the Memorial Orthopaedic Surgery and Sports Medicine Center. Outpatient access is provided through Memorial Primary Care, Memorial Urgent Care Centers, and MemorialDocNow telehealth. The system uses Epic as its EMR with EpicCare Link for affiliated provider access and MyChart for patient-facing portal services.

Differentiator

Problem solved

Functional benefit

Products and services

• Memorial Regional Hospital Flagship hospital of Memorial Healthcare System in Hollywood, Florida, functioning as a Level 1 Trauma Center and Comprehensive Stroke Center. Offers a complete range of inpatient and outpatient services including emergency care, surgery, cancer care, and rehabilitation.
• Joe DiMaggio Children's Hospital Pediatric specialty hospital within Memorial Healthcare System offering pediatric emergency care at multiple locations, pediatric oncology, pediatric cardiac care, and general pediatric medicine for infants through adolescents.
• Memorial Cancer Institute Comprehensive cancer care institute offering medical oncology, radiation oncology, surgical oncology, clinical trials, and advanced technologies including the Edison Histotripsy System and ExactVu micro-ultrasound across multiple locations including Miramar, East Campus, and Hallandale Beach.
• Memorial Cardiac and Vascular Institute Cardiovascular care institute offering diagnostic imaging, interventional cardiology, cardiac surgery, and vascular care. Features advanced technology including a Siemens photon-counting CT scanner and expanded fellowship training programs, with locations at Memorial Hospital West and Aventura.
• Memorial Neuroscience Institute Neuroscience institute offering neurology, neurosurgery, stroke care, epilepsy treatment, and neurorehabilitation. Operates two Comprehensive Stroke Centers, a Level 4 Epilepsy Center, and supports neurological emergencies at the Level 1 Trauma Center.
• Memorial Rehabilitation Institute Rehabilitation institute offering inpatient and outpatient rehabilitation services including physical therapy, occupational therapy, cardiac rehabilitation, pulmonary rehabilitation, stroke rehabilitation, and specialized programs for cancer recovery, Parkinson's disease, and joint replacement recovery.
• Memorial Urgent Care Centers Walk-in urgent care clinics in Hollywood, Pembroke Pines, and Palm Springs North/Hialeah treating patients 6 months and older for common illnesses and injuries. Open Monday–Friday 8 am–8 pm and Saturday–Sunday 8 am–4 pm, offering X-rays, EKGs, COVID-19 and flu testing, and minor procedures.
• MemorialDocNow Virtual Care On-Demand On-demand telehealth/video visit service allowing patients to see a healthcare provider online immediately without an appointment, serving as a virtual urgent care alternative for minor conditions.
• Memorial Primary Care Network of primary care physicians and locations across South Florida offering family medicine, preventive care, chronic disease management, pediatric primary care, and community health services.
• Memorial Transplant Institute Organ transplant program offering kidney transplants including robotic-assisted donor and recipient surgery using the da Vinci 5 surgical system; among a select few hospitals nationwide and the only one in Broward County offering robotic-assisted surgery for both transplant donors and recipients.
• Memorial Orthopaedic Surgery and Sports Medicine Center Orthopedic services including joint replacement (hip, knee, shoulder), sports medicine, orthopedic trauma, physical therapy, and sports physical therapy. Offers same-day shoulder replacement and computer-navigated joint replacement surgery.
• Memorial Women's Services Women's health services including maternity and childbirth at multiple hospital locations (Memorial Regional Hospital, Memorial Hospital West, Memorial Hospital Miramar), gynecologic services, women's imaging, and pelvic health.
• Memorial Emergency and Trauma Services Emergency care network including seven adult and pediatric emergency rooms across the system, a Level 1 Trauma Center at Memorial Regional Hospital, and freestanding emergency departments including Red Road ER and Douglas Road ER. Memorial Pembroke 24/7 Care Center also offers freestanding emergency services.
• Memorial Sickle Cell Disease Program Specialized program for sickle cell disease management, including a dedicated day center and coordinated outpatient care for patients with sickle cell disease.
• Memorial Home Health Home-based healthcare services including home health nursing, therapy services, and home infusion delivered to patients in their homes.
• Memorial Imaging and Radiology Diagnostic imaging services including CT, MRI, ultrasound, X-ray, mammography, and nuclear medicine, plus advanced cardiac imaging with Siemens photon-counting CT technology and ExactVu 29 MHz micro-ultrasound for prostate cancer.
• Memorial Mental Health Services Behavioral and mental health services including inpatient and outpatient psychiatric care, addiction treatment, and crisis intervention across the healthcare system.

Quantifiable outcome

• 9.9% year-over-year revenue growth in H1 FY2025
• +7 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature6 records

Partnerships

Three partnerships are on record, tiered core.

• Grand Canyon University (GCU)coreStrategic or Co-development Partner · 4 May 2026Memorial Healthcare System serves as the clinical training partner for Grand Canyon University's accelerated Bachelor of Science in Nursing program at its Miramar, Florida site. The hybrid program combines online coursework with in-person skills labs and clinical rotations at Memorial facilities. GCU's first cohort started May 4, 2026 at the 22,000 sq ft facility at 2901 SW 149th Ave. The partnership addresses Florida's projected shortage of 23,500 registered nurses by 2037, with GCU reporting a 94.66% first-time NCLEX pass rate in 2025.
• McLaren Flint / Karmanos Cancer InstitutecoreStrategic or Co-development Partner · 7 January 2026McLaren Flint invested nearly $6 million to install a Varian TrueBeam linear accelerator at Memorial Healthcare Cancer Center in Owosso, Michigan. Oncologists from the Karmanos Cancer Institute at McLaren Flint manage Memorial Healthcare's radiation oncology program, expanding access to advanced Stereotactic Radiation Therapy for Shiawassee County residents. Patients began treatments on January 6, 2026.
• Broward HealthcoreStrategic or Co-development PartnerMemorial Healthcare System and Broward Health are pursuing legislative collaboration through House Bill 1047 and Senate Bill 1122 to form public and private partnerships more easily without antitrust scrutiny. The Better Together initiative aims to expand specialty care coordination, mobile health units in underserved neighborhoods, and targeted investments without merging the two public hospital districts. This collaboration serves Broward County's nearly 2 million residents and addresses healthcare access shortages.

Scale indicators16 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Broward Health: Another public hospital district serving Broward County, Florida, with multiple hospitals, trauma and emergency services, and a similar community-mission structure. Memorial's Better Together initiative explicitly references Broward Health, underscoring how directly comparable the two systems are in size, geography, and regulatory structure.
• Jackson Health System: Miami-Dade County's public safety-net hospital system, comparable to Memorial in scale, public-hospital-district funding model, and broad specialty portfolio including trauma, transplant, and pediatrics. Operates as a direct regional peer in the South Florida market.

Broad incumbents

• Baptist Health South Florida: Largest not-for-profit health system in South Florida, operating 11 hospitals and a broad network of outpatient and specialty services across Miami-Dade, Broward, and Palm Beach counties. Comparable as a multi-hospital regional incumbent competing with Memorial for patients and physicians across the same geography.
• Cleveland Clinic Florida: Cleveland Clinic's Florida region, anchored by Cleveland Clinic Florida in Weston and Indian River Hospital, offering quaternary specialty care comparable to Memorial's cardiac, oncology, and neuroscience institutes. Competes directly with Memorial for complex cases in Broward County.
• HCA Florida Healthcare: The largest for-profit hospital operator in Florida with more than 50 hospitals and extensive ambulatory network across the state, including facilities in Broward and Miami-Dade. Competes with Memorial across inpatient, emergency, and outpatient service lines.
• AdventHealth: Large multi-state not-for-profit hospital system with a growing Florida footprint, including facilities in the Orlando and Tampa markets. Comparable to Memorial as a broad, faith-based multi-hospital operator with comparable specialty institutes and capital capacity.
• Tenet Healthcare: Major for-profit hospital operator with a significant Florida footprint, including freestanding emergency departments and ambulatory surgery centers. Comparable to Memorial in service-line breadth across emergency, surgical, and outpatient care.

Regional players

• Mount Sinai Medical Center: Independent not-for-profit teaching hospital in Miami Beach with quaternary specialty services in cardiac, oncology, and neuroscience. Comparable to Memorial in mission and tertiary service mix, though operating primarily in Miami-Dade rather than Broward.
• Orlando Health: Not-for-profit health system anchored in Central Florida with multiple hospitals, Level 1 trauma capability, and specialty institutes comparable to Memorial's portfolio. Comparable in scale and service mix, though serving a different geography.
• Tampa General Hospital: Academic not-for-profit Level 1 trauma center on Florida's west coast with quaternary specialty services and a teaching hospital mission. Comparable to Memorial in clinical capabilities and public-mission orientation, though geographically separated.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/CareersatMHS
• YouTubeyoutube.com/memorialhealthcare
• Facebookfacebook.com/MemorialHealthcareSystem
• LinkedInlinkedin.com/company/memorial-healthcare-system
• Instagraminstagram.com/mhshospital

Compliance16 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Memorial Healthcare System