dealflow
envelope $200M

← Targets

Osu Medical Center

dba Oklahoma State University Medical Center · Tulsa, Tulsa County, OK · CCN 370078
Licensed to Oklahoma State University Medical Trust

Composite
36.2
rank score
Distress
28
FY2024
Fit
59
vs thesis
Estimated ticket
$14.3M–$28.6M
143 beds · within envelope
Ownership
government
STH

Why it ranks here

  • operating margin below -10%
  • margin slipping
  • rural — cheaper but limited density
  • bed count in the target band
  • small ticket — deploys little of the available capital
  • strong occupancy — good iteration surface
  • government-owned — public process likely

Latest financials · FY2024

Net patient revenue$146M
Operating margin -37.6%
Total margin 9.1%
Days cash on hand 207
Current ratio 3.93
Occupancy60%

Facility

Beds143
Facility typeSTH
Settingrural
Ownership classgovernment
Per-bed (low) $100K
Per-bed (high) $200K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 171 $125M $18.9M -29.9% 10.4% 132 3.92 47% 8,670 34
2022 171 $152M $26.4M -25.1% 12.2% 164 3.87 49% 7,526 30
2023 119 $143M $18.2M -35.1% 8.6% 4 5.00 68% 6,812 50
2024 143 $146M $20.1M -37.6% 9.1% 207 3.93 60% 6,510 28

Owners

OwnerRole%SinceType
Eric Atkinson corporate officer 100 2022-07
Finny Mathew corporate officer 100 2021-02
Jay Helm corporate officer 100 2021-10
Jay Helm corporate director 100 2009-01
Oklahoma State University Medical Trust
Tulsa, OK
operational/managerial control 100 2013-12
Rhonda Hanan corporate officer 100 2017-05
Rhonda Hanan operational/managerial control 100 2017-05
State Of Oklahoma
Tulsa, OK
other 100 2013-12
Saint Francis Health System Inc
Tulsa, OK
operational/managerial control 49 2016-10

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.

DateBuyerSellerHospitalBeds
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