Summit Medical Center
Edmond, OK
· CCN 370225
Licensed to Summit Medical Center
Composite
32.7
rank score
Distress
30
FY2023
Fit
48
vs thesis
Estimated ticket
$4.5M–$18.0M
9 beds ·
within envelope
Ownership
for-profit
STH
Why it ranks here
- 30-60 days cash on hand
- current ratio under 1.5
- debt above 70% of assets
- occupancy below 30%
- 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 | $37.5M |
| Operating margin | 3.7% |
| Total margin | 7.3% |
| Days cash on hand | 55 |
| Current ratio | 1.47 |
| Occupancy | 29% |
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 | $34.0M | $237K | -13.5% | 0.6% | 25 | 0.99 | 37% | 590 | 68 |
| 2021 | 9 | $35.2M | $4.4M | -2.4% | 10.8% | 69 | 1.63 | 36% | 608 | 31 |
| 2022 | 9 | $36.1M | $4.2M | -0.3% | 10.5% | 58 | 1.70 | 38% | 538 | 42 |
| 2023 | 9 | $37.5M | $2.9M | 3.7% | 7.3% | 55 | 1.47 | 29% | 409 | 30 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Solara Summit Partners Llc | 5% or greater direct ownership interest | 20 | 2015-01 | |
| Gregory Walton | 5% or greater indirect ownership interest | 9 | 2015-01 | |
| Jeffrey Smith | 5% or greater direct ownership interest | 9 | 2015-01 | |
| Toby Broussard | 5% or greater direct ownership interest | 5 | 2015-01 | |
| Sandeep Shah | 5% or greater direct ownership interest | 5 | 2015-01 | |
| Curtis Summers | corporate officer | 2003-12 | ||
| Curtis Summers | w-2 managing employee | 2010-03 | ||
| Douglas Baker | corporate officer | 2009-11 | ||
| Douglas Baker | w-2 managing employee | 2010-03 | ||
| Tammy Lindsey | corporate officer | 2011-11 | ||
| Tammy Lindsey | w-2 managing employee | 2012-11 |
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 |