dealflow
envelope $200M

← Targets

Ou Medical Center

dba Ou Health University Of Oklahoma Medical Center · Oklahoma City, OK · CCN 370093
Licensed to Ou Medicine Inc

Composite
35.5
rank score
Distress
22
FY2024
Fit
64
vs thesis
Estimated ticket
$84.2M–$168M
842 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • 30-60 days cash on hand
  • debt above 85% of assets
  • rural — cheaper but limited density
  • very large — likely out of range
  • ticket size uses the capital envelope well
  • strong occupancy — good iteration surface
  • nonprofit — expect AG conversion review

Latest financials · FY2024

Net patient revenue$2.0B
Operating margin 7.5%
Total margin 9.5%
Days cash on hand 60
Current ratio 2.63
Occupancy83%

Facility

Beds842
Facility typeSTH
Settingrural
Ownership classnonprofit
Per-bed (low) $100K
Per-bed (high) $200K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 756 $1.3B $-27.2M -7.8% -1.9% 73 2.01 77% 31,879 48
2022 812 $1.2B $-63.9M -31.8% -4.0% 57 2.00 77% 34,702 64
2023 819 $1.6B $102M 4.6% 6.1% 30 2.01 73% 34,018 30
2024 842 $2.0B $190M 7.5% 9.5% 60 2.63 83% 42,672 22

Owners

OwnerRole%SinceType
James Watson corporate officer 100 2017-05
James Watson w-2 managing employee 100 2017-05
James Watson operational/managerial control 100 2017-05
Jonathan Curtright corporate officer 100 2022-09
Jonathan Curtright w-2 managing employee 100 2022-09
Jonathan Curtright operational/managerial control 100 2022-09
Richard Lofgren 5% or greater indirect ownership interest 100 2022-07
Richard Lofgren corporate officer 100 2022-07
Richard Lofgren corporate director 100 2022-07
University Hospitals Trust
Oklahoma City, OK
other 100 2018-02
Anthony Keating corporate director 8 2021-04
Billy Lance corporate director 8 2021-10
Cecilia Robinson-Woods corporate director 8 2021-04
George Williams corporate director 8 2021-04
James Everest corporate director 8 2021-04
Jenny Meyer corporate director 8 2021-04
John Zubialde corporate director 8 2021-04
Joseph Harroz corporate director 8 2021-04
Kenneth Rowe corporate director 8 2021-04
Kevin Corbett corporate director 8 2021-04
Leslie Rainbolt Forbes corporate director 8 2021-04
Randy Dowell corporate director 8 2021-04

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