Comanche County Memorial Hospital
dba Memorial Health ·
Lawton, OK
· CCN 370056
Licensed to Comanche County Hospital Authority
Already transacted. CMS recorded an ownership change effective
2025-12-01. Confirm the current owner before spending a call on this.
Composite
14.6
rank score
Distress
32
FY2024
Fit
68
vs thesis
Estimated ticket
$91.5M–$366M
183 beds ·
within envelope
Ownership
government
STH
Why it ranks here
- operating margin negative
- 30-60 days cash on hand
- current ratio under 1.5
- urban — higher occupancy and iteration surface
- bed count in the target band
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- government-owned — public process likely
- changed ownership 2025-12-01 — likely already transacted
Latest financials · FY2024
| Net patient revenue | $340M |
| Operating margin | -4.2% |
| Total margin | 7.5% |
| Days cash on hand | 46 |
| Current ratio | 1.06 |
| Occupancy | 70% |
Facility
| Beds | 183 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 201 | $274M | $8.1M | -1.2% | 2.9% | 90 | 1.18 | 65% | 10,119 | 29 |
| 2022 | 201 | $298M | $-3.5M | -5.6% | -1.1% | 54 | 1.26 | 69% | 10,168 | 50 |
| 2023 | 201 | $304M | $1.8M | -7.9% | 0.5% | 22 | 1.13 | 63% | 10,174 | 51 |
| 2024 | 183 | $340M | $28.8M | -4.2% | 7.5% | 46 | 1.06 | 70% | 10,649 | 32 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Brent Smith | corporate officer | 2014-04 | ||
| Brent Smith | w-2 managing employee | 2014-04 | ||
| Brent Smith | operational/managerial control | 2014-04 | ||
| Comanche County Hospital Authority | operational/managerial control | 1971-01 | ||
| Dustin Hilliary | corporate director | 2024-07 | ||
| Edward Legako | corporate director | 2016-05 | ||
| George Kruger | corporate officer | 2015-08 | ||
| George Kruger | w-2 managing employee | 2015-08 | ||
| George Kruger | operational/managerial control | 2015-08 | ||
| John Zelbst | corporate officer | 2023-07 | ||
| John Zelbst | corporate director | 1997-07 | ||
| Mark Henry | corporate officer | 2024-07 | ||
| Mark Henry | corporate director | 2021-07 | ||
| Natalie Fitch | corporate officer | 2021-07 | ||
| Natalie Fitch | corporate director | 2021-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2025-12-01 | acquisition/merger | Comanche County Hospital Authority | Southwestern Medical Center, Llc |
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 |