Oklahoma Spine Hospital
Oklahoma City, Oklahoma County, OK
· CCN 370206
Licensed to Oklahoma Spine Hospital, L.l.c.
Composite
37.5
rank score
Distress
29
FY2023
Fit
61
vs thesis
Estimated ticket
$11.5M–$46.0M
23 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- under 30 days cash on hand
- debt above 70% of assets
- occupancy 45-60%
- margin slipping
- urban — higher occupancy and iteration surface
- very small facility
- small ticket — deploys little of the available capital
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $80.0M |
| Operating margin | 5.4% |
| Total margin | 3.8% |
| Days cash on hand | 7 |
| Current ratio | 2.98 |
| Occupancy | 56% |
Facility
| Beds | 23 |
| 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 | 23 | $66.8M | $3.3M | -2.8% | 4.6% | 62 | 4.36 | 52% | 1,641 | 32 |
| 2021 | 23 | $77.6M | $7.5M | 8.2% | 9.6% | 37 | 3.27 | 52% | 1,467 | 23 |
| 2022 | 23 | $79.0M | $3.5M | 8.4% | 4.6% | 3 | 3.25 | 51% | 1,583 | 24 |
| 2023 | 23 | $80.0M | $3.0M | 5.4% | 3.8% | 7 | 2.98 | 56% | 1,837 | 29 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Medical Facilities America Holdco 1 Llc | 5% or greater indirect ownership interest | 64 | 2019-07 | |
| Medical Facilities America Holdco 2 Llc | 5% or greater indirect ownership interest | 64 | 2019-07 | |
| Medical Facilities America Inc | 5% or greater indirect ownership interest | 64 | 2011-05 | |
| Medical Facilities Corporation | 5% or greater indirect ownership interest | 64 | 2005-06 | |
| Medical Facilities Usa Holdings Inc | 5% or greater direct ownership interest | 64 | 2011-05 | |
| Osh Holdings, Llc | 5% or greater direct ownership interest | 36 | 2005-06 | |
| Osh Holdings Ii, Llc | 5% or greater indirect ownership interest | 13 | 2024-12 | |
| Andrew Parkinson | 5% or greater indirect ownership interest | 4 | 2024-12 | |
| Brian Snell | 5% or greater indirect ownership interest | 4 | 2024-12 | |
| Brian Snell | operational/managerial control | 4 | 2024-12 | |
| Fadi Nasr | 5% or greater indirect ownership interest | 4 | 2024-12 | |
| Fadi Nasr | operational/managerial control | 4 | 2024-12 | |
| James Odor | 5% or greater indirect ownership interest | 4 | 2024-12 | |
| James Odor | operational/managerial control | 4 | 2024-12 | |
| Joseph Cox | 5% or greater indirect ownership interest | 4 | 2024-12 | |
| Joseph Cox | operational/managerial control | 4 | 2024-12 | |
| Robert Wienecke | 5% or greater indirect ownership interest | 4 | 2024-12 | |
| Robert Wienecke | operational/managerial control | 4 | 2024-12 | |
| Robert Tibbs | 5% or greater indirect ownership interest | 4 | 2024-12 | |
| Robert Tibbs | operational/managerial control | 4 | 2024-12 | |
| Jacob Archer | 5% or greater indirect ownership interest | 3 | 2024-12 | |
| Benjamin White | 5% or greater indirect ownership interest | 2 | 2024-12 | |
| Kevin Blaylock | 5% or greater indirect ownership interest | 1 | 2024-12 | |
| Kevin Blaylock | corporate officer | 1 | 2024-12 | |
| Kevin Blaylock | w-2 managing employee | 1 | 2024-12 |
Showing 25 of 30. Full list via /api/targets/370206.
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 |