Stillwater Medical Center
Stillwater, Payne County, OK
· CCN 370049
Licensed to Stillwater Medical Center Authority
Composite
33.7
rank score
Distress
26
FY2023
Fit
55
vs thesis
Estimated ticket
$5.2M–$10.4M
52 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin -10% to -5%
- margin deteriorating
- rural — cheaper but limited density
- bed count in the target band
- very small ticket — sub-scale as a platform asset
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $279M |
| Operating margin | -8.3% |
| Total margin | 6.5% |
| Days cash on hand | 221 |
| Current ratio | 3.10 |
| Occupancy | 76% |
Facility
| Beds | 52 |
| Facility type | STH |
| Setting | rural |
| Ownership class | government |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 87 | $232M | $30.1M | -7.9% | 10.7% | 140 | 1.85 | 43% | 3,977 | 32 |
| 2021 | 87 | $278M | $39.3M | -0.9% | 12.3% | 144 | 1.70 | 53% | 4,596 | 22 |
| 2022 | 87 | $270M | $-18.3M | -9.9% | -6.6% | 220 | 3.44 | 49% | 4,164 | 37 |
| 2023 | 52 | $279M | $21.0M | -8.3% | 6.5% | 221 | 3.10 | 76% | 4,472 | 26 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Denise Webber | corporate director | 2007-10 | ||
| Denise Webber | w-2 managing employee | 2007-10 | ||
| Helen Michael | w-2 managing employee | 2007-10 | ||
| Robert Lovelace | corporate director | 2011-04 | ||
| Robert Lovelace | w-2 managing employee | 2011-02 | ||
| Steven Taylor | w-2 managing employee | 2011-05 | ||
| Stillwater Medical Center Authority | operational/managerial control | 2007-10 |
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 |