Hillcrest Medical Center
Tulsa, Tulsa County, OK
· CCN 370001
Licensed to Ahs Hillcrest Medical Center, Llc
Composite
35.6
rank score
Distress
23
FY2024
Fit
63
vs thesis
Estimated ticket
$44.8M–$89.6M
448 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- margin slipping
- rural — cheaper but limited density
- very large — likely out of range
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $636M |
| Operating margin | 2.3% |
| Total margin | 2.8% |
| Days cash on hand | 5 |
| Current ratio | 2.59 |
| Occupancy | 73% |
Facility
| Beds | 448 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 404 | $517M | $19.4M | -0.0% | 3.6% | 7 | 3.11 | 81% | 19,622 | 38 |
| 2022 | 424 | $564M | $37.1M | 1.9% | 6.3% | 6 | 1.42 | 74% | 18,989 | 32 |
| 2023 | 424 | $590M | $2.0M | -3.3% | 0.3% | 5 | 2.67 | 76% | 19,365 | 41 |
| 2024 | 448 | $636M | $18.1M | 2.3% | 2.8% | 5 | 2.59 | 73% | 23,384 | 23 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ahp Health Partners, Inc | 5% or greater indirect ownership interest | 100 | 2019-01 | |
| Ahs Management Company Inc. | operational/managerial control | 100 | 2019-07 | |
| Ahs Oklahoma, Llc | 5% or greater indirect ownership interest | 100 | 2019-07 | |
| Ardent Health Inc | 5% or greater indirect ownership interest | 100 | 2019-07 | |
| Ardent Legacy Holdings Llc | 5% or greater indirect ownership interest | 100 | 2015-08 | |
| Jeffrey Johnston | w-2 managing employee | 100 | 2025-09 | |
| Ahs Hillcrest Healthcare System Llc | 5% or greater indirect ownership interest | 2009-02 | ||
| Martin Bonick | corporate officer | 2020-08 | ||
| Mary Crabtree | corporate officer | 2004-08 | ||
| Stephen Petrovich | corporate director | 2004-08 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in OK
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2025-12-01 | Comanche County Hospital Authority | Southwestern Medical Center, Llc | Comanche County Memorial Hospital | 183 |
| 2023-11-01 | Integris Health Ponca City Hospital Inc | Kay County Oklahoma Hospital Company, Llc | Ponca City Medical Center | 47 |
| 2023-11-01 | Integris Health Woodward Hospital Inc | Woodward Health System Llc | Alliancehealth Woodward | 40 |
| 2022-07-01 | St Anthony Shawnee Hospital Inc | Seminole Hma Llc | St Anthony Shawnee Hospital | 61 |
| 2021-04-01 | Ssm Health Care Of Oklahoma, Inc. | Midwest Regional Medical Center, Llc | Ssm Health St Anthony Hospital - Mid | 126 |
| 2019-01-01 | Saint Francis Hospital, Inc. | Saint Francis Home Health Inc. | Saint Francis Hospital | 903 |
| 2018-10-01 | Integris Baptist Medical Center Inc | Deaconess Health System Llc | Integris Baptist Medical Center | 615 |
| 2017-05-01 | Ahs Pryor Hospital, Llc | Mayes County Hma, Llc | Hillcrest Hospital Pryor | 21 |
| 2017-04-01 | Saint Francis Hospital Muskogee Inc | Muskogee Regional Medical Center Llc | Saint Francis Hospital Muskogee | 236 |