Northwest Surgical Hospital
Oklahoma City, OK
· CCN 370192
Licensed to Tpg Hospital Llc
Composite
34.5
rank score
Distress
34
FY2023
Fit
48
vs thesis
Estimated ticket
$4.5M–$18.0M
9 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- occupancy below 30%
- margin deteriorating
- urban — higher occupancy and iteration surface
- very small facility
- very small ticket — sub-scale as a platform asset
- very low occupancy — limited volume to learn from
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $17.3M |
| Operating margin | 12.9% |
| Total margin | 13.7% |
| Days cash on hand | 0 |
| Current ratio | 1.51 |
| Occupancy | 12% |
Facility
| Beds | 9 |
| Facility type | STH |
| Setting | urban |
| Ownership class | for-profit |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 9 | $13.9M | $2.3M | 13.3% | 15.9% | 0 | 0.89 | 8% | 129 | 40 |
| 2021 | 9 | $16.1M | $2.8M | 16.9% | 17.1% | 0 | 1.71 | 12% | 167 | 31 |
| 2022 | 9 | $18.0M | $2.6M | 12.9% | 14.0% | 0 | 1.40 | 16% | 285 | 34 |
| 2023 | 9 | $17.3M | $2.4M | 12.9% | 13.7% | 0 | 1.51 | 12% | 261 | 34 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Healthcare Partners Investments Llc | 5% or greater direct ownership interest | 100 | 2018-11 | |
| Ashley Harroz | corporate director | 2021-02 | ||
| Barry Northcutt | corporate director | 2021-02 | ||
| Brady Hagood | corporate director | 2021-02 | ||
| Brett Braly | corporate officer | 2021-02 | ||
| Brett Braly | corporate director | 2021-02 | ||
| Christopher Hume | corporate director | 2021-02 | ||
| David Rogers | w-2 managing employee | 2025-08 | ||
| Deborah Kearns | corporate officer | 2021-02 | ||
| Deborah Kearns | corporate director | 2021-02 | ||
| Edwin King | corporate director | 2021-02 | ||
| Hcn Surgery Center Holdings Inc | 5% or greater indirect ownership interest | 2018-11 | ||
| Hpi Holdings Llc | 5% or greater indirect ownership interest | 2018-11 | ||
| Hpi Physician Holdco Llc | 5% or greater indirect ownership interest | 2018-11 | ||
| Integris Ambulatory Care Corporation | 5% or greater indirect ownership interest | 2018-11 | ||
| Integris/usp Health Ventures, Llc | 5% or greater indirect ownership interest | 2018-11 | ||
| Integris/usp Health Ventures, Llc | operational/managerial control | 2018-11 | ||
| Michael O'brien | corporate officer | 2021-02 | ||
| Michael O'brien | corporate director | 2021-02 | ||
| Nicholas Crafts | corporate director | 2023-06 | ||
| Nicholas Crafts | w-2 managing employee | 2023-06 | ||
| Qualls Stevens | corporate director | 2021-02 | ||
| Robert Unsell | corporate director | 2021-02 | ||
| Ryan Nelson | corporate director | 2021-02 | ||
| Steve Taylor | w-2 managing employee | 2013-02 |
Showing 25 of 33. Full list via /api/targets/370192.
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 |