dealflow
envelope $200M

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Integris Grove Hospital

dba Integris Health Grove Hospital · Grove, OK · CCN 370113
Licensed to Integris Grove Hospital

Composite
59.1
rank score
Distress
87
FY2024
Fit
50
vs thesis
Estimated ticket
$2.9M–$5.7M
41 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • operating margin below -10%
  • total margin below -8%
  • under 30 days cash on hand
  • current ratio below 0.8
  • occupancy 30-45%
  • margin deteriorating sharply
  • rural — cheaper but limited density
  • small but workable bed count
  • very small ticket — sub-scale as a platform asset
  • thin occupancy
  • nonprofit — expect AG conversion review

Latest financials · FY2024

Net patient revenue$52.7M
Operating margin -18.8%
Total margin -12.6%
Days cash on hand 0
Current ratio -5.06
Occupancy33%

Facility

Beds41
Facility typeSTH
Settingrural
Ownership classnonprofit
Per-bed (low) $70.0K
Per-bed (high) $140K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 41 $45.1M $-2.0M -9.9% -4.2% 53 0.35 43% 1,587 70
2022 41 $51.8M $-1.1M -11.5% -1.9% 1 0.38 43% 1,454 77
2023 41 $53.0M $-6.2M -16.8% -11.0% 0 -2.25 35% 1,461 86
2024 41 $52.7M $-7.0M -18.8% -12.6% 0 -5.06 33% 1,439 87

Owners

OwnerRole%SinceType
Baptist Healthcare Of Oklahoma Llc
Oklahoma City, OK
operational/managerial control 100 1994-06
Integris Rural Health Inc
Oklahoma City, OK
5% or greater direct ownership interest 100 1994-02
Integris Rural Health Inc
Oklahoma City, OK
operational/managerial control 100 1994-02
Alfred Snipes corporate director 2008-07
Caleb Goldner corporate director 2015-01
Charles Neal corporate director 2020-07
Chris Hammes corporate director 2012-07
Christianna Wright corporate director 2015-01
Christopher Turner corporate director 2006-07
David Frazier corporate director 2020-07
David Thompson corporate director 2007-07
Edmund Martin corporate director 2020-07
Elliott Schwartz corporate director 2020-07
Fredrick Neill corporate director 2006-01
Georgianne Snowden corporate director 2020-07
Grant Kernan corporate director 2015-01
James Perryman corporate director 2017-07
James Rutter corporate director 2014-01
Joey Sager corporate director 2020-07
John Hampton corporate director 2020-07
Jonas Rabel corporate director 2020-07
Justin Mitchell corporate director 2020-07
Kyle Schauf corporate director 2020-07
Linda Vytlacil corporate director 2020-07
Lucius Corbett corporate director 2001-01

Showing 25 of 36. Full list via /api/targets/370113.

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