Hillcrest Hospital South
Tulsa, Tulsa County, OK
· CCN 370202
Licensed to Ahs Southcrest Hospital Llc
Composite
37.7
rank score
Distress
26
FY2023
Fit
65
vs thesis
Estimated ticket
$18.0M–$36.0M
180 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- margin deteriorating
- rural — cheaper but limited density
- bed count in the target band
- small ticket — deploys little of the available capital
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $233M |
| Operating margin | 5.3% |
| Total margin | 8.5% |
| Days cash on hand | 0 |
| Current ratio | 2.16 |
| Occupancy | 70% |
Facility
| Beds | 180 |
| Facility type | STH |
| Setting | rural |
| Ownership class | for-profit |
| Per-bed (low) | $100K |
| Per-bed (high) | $200K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 136 | $200M | $24.7M | 2.8% | 11.3% | 0 | -0.44 | 72% | 8,583 | 36 |
| 2021 | 150 | $203M | $24.8M | 8.6% | 11.8% | 0 | 1.03 | 80% | 8,865 | 26 |
| 2022 | 152 | $219M | $18.4M | 4.9% | 8.1% | 0 | 2.22 | 83% | 9,388 | 22 |
| 2023 | 180 | $233M | $20.4M | 5.3% | 8.5% | 0 | 2.16 | 70% | 9,076 | 26 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Ahp Health Partners, Inc | 5% or greater indirect ownership interest | 100 | 2019-01 | |
| Ahs Hillcrest Healthcare System Llc | 5% or greater direct ownership interest | 100 | 2015-08 | |
| Ahs Management Company Inc. | operational/managerial control | 100 | 2019-01 | |
| Ahs Oklahoma, Llc | 5% or greater indirect ownership interest | 100 | 2015-08 | |
| Ardent Health Inc | 5% or greater indirect ownership interest | 100 | 2015-08 | |
| Ardent Legacy Holdings Llc | 5% or greater indirect ownership interest | 100 | 2015-08 | |
| Kevin Gross | corporate officer | 100 | 2021-09 | |
| Kevin Gross | w-2 managing employee | 100 | 2021-09 | |
| Alfred Lumsdaine | corporate officer | 2021-09 | ||
| Brian Walton | corporate director | 2015-08 | ||
| Carolyn Schneider | corporate officer | 2021-08 | ||
| James Grimes | corporate officer | 2021-09 | ||
| Martin Bonick | corporate officer | 2020-08 | ||
| Mary Crabtree | corporate officer | 2021-09 | ||
| Mary Crabtree | corporate director | 2011-09 | ||
| Stephen Petrovich | corporate director | 2011-09 | ||
| Terika Mbanu | corporate officer | 2021-09 |
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 |