Sarasota Memorial Health Care System

What Sarasota Memorial Health Care System does

Sarasota Memorial Health Care System (SMHCS) is a public, county-owned regional medical center founded in 1925 and governed by the Sarasota County Public Hospital Board, making it one of the largest publicly operated health systems in Florida. The system operates an 897-bed main hospital in Sarasota — the county's only provider of obstetrics, pediatrics, a Level III NICU, all-ages psychiatric services, and a Level II Trauma Center — together with a 212-bed full-service acute care hospital in Venice (opened November 2021), an 82-bed Cornell Behavioral Health Pavilion, a 120-bed Nursing and Rehabilitation Center with a 5-star CMS rating, an inpatient Rehabilitation Pavilion, and a 700+ provider First Physicians Group. An integrated ambulatory network of seven outpatient Health Care Centers, seven urgent care centers, free-standing ERs at Lakewood Ranch and North Port, a HealthFit medically integrated fitness center, and home care services extends the system's catchment across Sarasota County and parts of Manatee County.

The technology stack combines an integrated electronic health record platform, Health Information Exchange participation, advanced imaging (including 3T MRI at Cattleridge), and clinical decision support software for antimicrobial stewardship. Differentiated clinical-technology assets include a ROSA Robotic Surgical Assistant used for orthopedic and spine procedures, an analytics platform credited with identifying 75% of lung cancers at Stage I or II in 2025 (more than double the national average), and a robotic companion-pets program in clinical trials for dementia care. The Brian D. Jellison Cancer Institute — anchored by an eight-story, $193 million Oncology Tower and the soon-to-open seven-story, 220,000-square-foot Milman-Kover Cancer Pavilion — consolidates radiation oncology, infusion, imaging, surgical, and breast health services under a single brand.

SMHCS generates revenue through patient care services billed across insurance, Medicare, Medicaid, and self-pay, supplemented by community tax support for its safety-net role. The system funds an active $1 billion+ capital program — including a $507 million North Port hospital (2028), an $82.5 million Venice Rehabilitation Pavilion (2028), and the Jellison Cancer Institute (2026) — through revenue bonds issued at investment-grade ratings (Moody's Aa3, Fitch AA-). Capital-light recurring streams are diversified across inpatient, outpatient, specialty, urgent care, and physician services, and the system's Magnet nursing status, residency programs (Internal Medicine, Emergency Medicine, Pharmacy), and fellowship-trained oncology specialists underpin a self-replenishing clinical talent pipeline.

Name

Sarasota Memorial Health Care System

Legal name

Sarasota Memorial Health Care System

Website

https://smh.com

Company type

Private

Founded year

1925

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Sarasota Memorial Health Care System is a public, county-owned regional medical center founded in 1925, operating an 897-bed Sarasota hospital, a 212-bed Venice hospital, an 82-bed behavioral health pavilion, and a 700+ provider physician group serving Sarasota County and southwest Florida.

Ownership category

akta.pro rank

Product category

Acute Care Hospital Services

NAICS

Nursing Care Facilities (Skilled Nursing Facilities) (62311), Nursing Care Facilities (Skilled Nursing Facilities) (6231), Nursing and Residential Care Facilities (623), Outpatient Care Centers (6214)

SIC

Services-Skilled Nursing Care Facilities (8051), Services-Nursing & Personal Care Facilities (8050), Services-Health Services (8000)

akta.pro primary industry

Skilled Nursing Facilities (SNF) (HLAFAFAB)

akta.pro secondary industries

Transitional Care Units (TCU) (HLAFAFAF), Short-Term Rehabilitation (Post-Acute) SNFs (HLADADAA), Long-Term Care Rehabilitation Centers (HLAFAFAD), Memory Care Units within Skilled Nursing Facilities (SNF/Nursing Homes) (HLADACAC)

Keywords

• Acute care hospital
• Emergency medical services
• Oncology treatment services
• Cardiac care services
• Rehabilitation services

Headquarters

HQ city

Sarasota

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Patient Care Services: Acute care hospital services including emergency care, surgical procedures, diagnostic services, inpatient care, and outpatient treatments billed through insurance, Medicare, Medicaid, and self-pay patients.
2. Outpatient Services: Ambulatory care including physician visits, diagnostic imaging, laboratory services, rehabilitation therapy, and urgent care services at multiple outpatient facilities.
3. Specialty Services: Specialized medical services including cancer treatment, cardiac care, behavioral health, rehabilitation, and maternity services with corresponding insurance billing.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels7 records

Core offering

Sarasota Memorial Health Care System is a community-owned regional medical center operating two acute care hospitals (897 beds in Sarasota and 212 beds in Venice), an 82-bed behavioral health pavilion, a 120-bed skilled nursing and rehabilitation center, an integrated network of outpatient facilities, and urgent care centers. It delivers comprehensive healthcare services including emergency and trauma care, oncology, cardiac care, rehabilitation, maternity, behavioral health, and primary/specialty physician services through First Physicians Group to residents of Sarasota County and surrounding regions.

Product overview

Sarasota Memorial Health Care System is a community-owned regional medical center offering a comprehensive platform of healthcare services across multiple facilities. The system operates two acute care hospitals (Sarasota Campus with 897 beds and SMH-Venice with 212 beds), an 82-bed behavioral health facility, and an integrated network of outpatient facilities throughout Sarasota County. The core clinical offerings include the Brian D. Jellison Cancer Institute (featuring the Oncology Tower and upcoming Milman-Kover Cancer Pavilion), Cardiac Services (named 50 Top Cardiovascular Hospital), Rehabilitation Pavilion (ranked among America's Best by Newsweek), Memory Disorders Clinic, and Nursing and Rehabilitation Center. The system also operates First Physicians Group, a physician enterprise with 700+ providers. Supporting infrastructure includes Patient Portal and SMH App for patient engagement, Health Information Exchange for care coordination, and HealthFit medically integrated fitness center. The organization has invested over $1 billion in capital projects including new hospitals in North Port and Venice rehabilitation expansion.

Differentiator

Problem solved

Functional benefit

Brands

• First Physicians Group: Physician enterprise providing primary and specialty care throughout Sarasota and Manatee Counties, founded in 1994 and employing over 700 providers.
• SMH - Nursing and Rehabilitation Center
• Kolschowsky Research and Education Institute
• SMHCS Administrative Fellowship Programs

Products and services

• Brian D. Jellison Cancer Institute Comprehensive cancer care offering radiation oncology, surgical suites, diagnostic imaging, infusion services, and a breast health center, delivered by fellowship-trained oncology specialists to patients with cancer in the Sarasota region.
• Cardiac Services

Quantifiable outcome

• 75% of lung cancers identified at Stage I or II (more than double national average) through analytics platform
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability5 records

Feature5 records

Partnerships

Eleven partnerships are on record, tiered major, core and minor.

• Premier Inc.majorStrategic or Co-development Partner · 3 February 2026Premier Inc. conducted analysis naming Sarasota Memorial Hospital one of the nation's 50 Top Cardiovascular Hospitals based on data from 2021 to 2024. The recognition highlights higher survival rates, fewer complications, lower readmission rates, better patient experience, and lower costs. SMH is the only hospital in Florida on this prestigious list.
• Turner Construction CompanymajorImplementation/ SI/ Consulting Partner · 18 June 2025Turner Construction Company is the general contractor building the Brian D. Jellison Cancer Institute at Sarasota Memorial Hospital. Major milestones achieved include structural topping out of the Milman-Kover Cancer Pavilion and installation of a premanufactured pedestrian bridge. The seven-story, 220,000-square-foot outpatient facility is scheduled to open in early 2026.
• Florida State University College of Medicine (FSU COM)coreStrategic or Co-development PartnerFSU COM Emergency Medicine Residency program at Sarasota Memorial Hospital accepts nine first-year residents annually for the three-year program. Partnership provides graduate medical education in a high volume, high acuity department setting. Uses ERAS and NRMP for application and selection process.
• Florida State UniversitycoreStrategic or Co-development PartnerFSU Medical School partnership for Internal Medicine Residency Training Program - a 3-year categorical program with 13 residents per year (39 total at full capacity). Residents rotate through disciplines in general internal medicine and participate in care at community clinics, nursing homes, and private subspecialist practices.
• The Joint CommissionmajorStrategic or Co-development PartnerHealthcare accreditation organization that provides accreditation to Sarasota Memorial Health Care System. Accreditation signifies compliance with quality and patient safety standards.
• DNV GL HealthcaremajorStrategic or Co-development PartnerHealthcare accreditation organization mentioned alongside The Joint Commission for quality assessment and certification of SMH facilities and services.
• Commission on Accreditation of Allied Health Education Programs (CAAHEP)coreStrategic or Co-development PartnerAccredits the Sarasota Memorial Cardiovascular Training Program upon recommendation of the Joint Review Committee on Education in Cardiovascular Technology. Programs include Adult Cardiac Sonography and Invasive Cardiovascular Technology.
• Joint Review Committee on Education in Cardiovascular Technology (JRC-CVT)coreStrategic or Co-development PartnerRecommends accreditation of the Sarasota Memorial Cardiovascular Training Program to CAAHEP for Adult Echocardiography and Invasive Cardiovascular Technology programs.
• Institute for Clinical Pastoral Training (ICPT)coreStrategic or Co-development PartnerPartnership with ICPT for Clinical Pastoral Education program accreditation. ICPT is accredited by ACCET, a Department of Education accrediting agency. CPE program prepares professional clergypersons for healthcare chaplaincy careers.
• Suncoast Technical CollegeminorStrategic or Co-development PartnerPartnership provides 6-week CNA training program for SMH employees - 24 hours per week of classroom training with clinical experience during the last two weeks. Offered four times per year in January, March, August, and October.
• Health Information Exchanges (HIEs)coreTechnology or IntegrationSMH participates in Health Information Exchanges enabling fast, secure electronic access to patient information for those coordinating care. Supports treatment, payment, and healthcare operations through electronic sharing.

Scale indicators16 records

Recent moves14 records

Expansion highlights5 records

Broad incumbents

• HCA Florida Healthcare: HCA Florida Healthcare operates 50+ hospitals and 30+ surgery centers across the state as part of HCA Healthcare. Comparable to SMH as a major Florida acute care competitor with overlapping service lines, particularly in the Sarasota/Manatee/Tampa region where HCA operates Blake Medical Center and other facilities adjacent to SMH's territory.
• Orlando Health: Orlando Health is a private, not-for-profit network of hospitals and care facilities across Central Florida including a flagship Level I Trauma Center. Comparable to SMH as a large Florida regional system with comparable trauma, oncology, cardiac, and rehabilitation service lines, though operating at significantly larger scale and broader geography.
• Cleveland Clinic Florida: Cleveland Clinic Florida operates a major academic medical center in Weston and several outpatient facilities across South Florida. Comparable to SMH on clinical quality benchmarks and tertiary care specialty depth, particularly in cardiac and oncology, though operating as a national brand-affiliated system rather than a community public hospital.
• BayCare Health System: BayCare is a large not-for-profit health system operating 15+ hospitals across the Tampa Bay and Central Florida region. Comparable to SMH as a community-based, non-profit Florida system with comparable acute care, outpatient, and specialty service lines; serves an overlapping Gulf Coast demographic and competes for the same patient pool in adjacent counties.
• AdventHealth (Central Florida): AdventHealth operates a large network of acute care hospitals and outpatient facilities across Florida, including a flagship Orlando campus. Comparable to SMH as a major Florida health system with overlapping specialty service lines (cardiac, oncology, rehab) and similar Magnet nursing credentials, but operates at significantly larger scale and broader geographic reach.

Emerging players

• Encompass Health: Encompass Health is the largest owner and operator of inpatient rehabilitation hospitals in the U.S. Comparable to SMH's Rehabilitation Pavilion as a specialized inpatient rehabilitation provider, though Encompass operates as a national post-acute specialty chain rather than a community integrated delivery system.

Direct peers

• NCH Healthcare System: NCH is a community-based, not-for-profit health system operating two hospitals in Collier County (Naples), Florida. Comparable to SMH as a regional Southwest Florida system with comparable bed counts, Magnet nursing, similar cardiovascular and oncology service lines, and a similar demographic focus on the aging coastal Florida population.
• Tampa General Hospital: Tampa General is a 1,000+ bed academic medical center and Level I Trauma Center on Florida's Gulf Coast. Comparable to SMH as a leading Florida tertiary referral center with comparable specialty depth, academic affiliations, and a similar capital expansion trajectory in a competitive Florida market.
• Lee Health: Lee Health is a public, non-profit health system based in Fort Myers, Florida, operating multiple acute care hospitals, specialty institutes, and outpatient facilities across Southwest Florida. Directly comparable to SMH as a similarly sized regional public/community system with overlapping Southwest Florida service area, comparable bed counts, and similar mix of acute, cancer, cardiac, and rehabilitation services.

Regional players

• Moffitt Cancer Center: Moffitt is a National Cancer Institute-designated comprehensive cancer center based in Tampa, Florida. Comparable to SMH's Brian D. Jellison Cancer Institute as a Florida-based oncology program with similar research and clinical trial capabilities, though Moffitt is specialty-only and located in Tampa rather than Sarasota.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/smhcs
• YouTubeyoutube.com/user/SMHCS
• Facebookfacebook.com/SarasotaMemorialHospital
• LinkedInlinkedin.com/company/sarasota-memorial-health-care-system
• Instagraminstagram.com/smhcs
• Pinterestpinterest.com/SMHCS

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries15 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Sarasota Memorial Health Care System