Norman Regional Hospital Authority
dba Norman Regional ·
Norman, Cleveland County, OK
· CCN 370008
Licensed to Norman Regional Hospital Authority
Composite
52.0
rank score
Distress
63
FY2024
Fit
59
vs thesis
Estimated ticket
$137M–$547M
322 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin below -10%
- total margin -8% to -3%
- 30-60 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- large — ticket likely stretches the envelope
- ticket size well above the envelope
- moderate occupancy
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $556M |
| Operating margin | -10.4% |
| Total margin | -5.5% |
| Days cash on hand | 59 |
| Current ratio | 2.48 |
| Occupancy | 51% |
Facility
| Beds | 322 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 333 | $505M | $51.6M | -2.8% | 9.0% | 33 | 2.29 | 57% | 14,755 | 34 |
| 2022 | 322 | $518M | $-52.4M | -8.0% | -10.3% | 43 | 1.85 | 55% | 14,274 | 58 |
| 2023 | 322 | $541M | $-18.5M | -8.1% | -3.3% | 36 | 1.90 | 52% | 14,937 | 53 |
| 2024 | 322 | $556M | $-31.9M | -10.4% | -5.5% | 59 | 2.48 | 51% | 15,139 | 63 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Douglas Cubberley | corporate officer | 2014-11 | ||
| Douglas Cubberley | corporate director | 2013-07 | ||
| James Chappel | corporate director | 2020-07 | ||
| Jerome Weber | corporate director | 2013-11 | ||
| Joan Kemmet | corporate director | 2014-01 | ||
| John Manfredo | w-2 managing employee | 2016-12 | ||
| John Manfredo | operational/managerial control | 2016-12 | ||
| Kevin Pipes | corporate director | 2014-02 | ||
| Larry Splitt | corporate officer | 2016-03 | ||
| Larry Splitt | w-2 managing employee | 2016-03 | ||
| Larry Splitt | operational/managerial control | 2016-03 | ||
| Mary Chambers | corporate director | 2017-09 | ||
| Mary Womack | corporate officer | 2021-11 | ||
| Mary Womack | corporate director | 2018-10 | ||
| Muhammad Anwar | corporate director | 2006-12 | ||
| Norman Regional Hospital Authority | operational/managerial control | 1966-07 | ||
| Paula Roberts | corporate director | 2022-06 | ||
| Richard Wagner | w-2 managing employee | 2023-02 | ||
| Richard Wagner | operational/managerial control | 2023-02 |
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 |