Prague Community Hospital
dba Prague Regional Memorial Hospital ·
Prague, Pottawatomie County, OK
· CCN 371301
Licensed to Prague Healthcare Authority
Composite
53.7
rank score
Distress
82
FY2023
Fit
42
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
government
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- 30-60 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 30-45%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- thin occupancy
- government-owned — public process likely
Latest financials · FY2023
| Net patient revenue | $15.8M |
| Operating margin | -18.1% |
| Total margin | -14.6% |
| Days cash on hand | 46 |
| Current ratio | 0.29 |
| Occupancy | 33% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | government |
| Per-bed (low) | $59.5K |
| Per-bed (high) | $119K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $3.7M | $-874K | -27.9% | -22.5% | 28 | 0.74 | 26% | 8 | 100 |
| 2021 | 25 | $9.0M | $-1.9M | -21.5% | -21.3% | 41 | 0.74 | 36% | 19 | 91 |
| 2022 | 25 | $14.1M | $-2.8M | -26.0% | -18.8% | 46 | 0.57 | 36% | 60 | 91 |
| 2023 | 25 | $15.8M | $-2.4M | -18.1% | -14.6% | 46 | 0.29 | 33% | 31 | 82 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Prague Healthcare Authority | 5% or greater direct ownership interest | 100 | 2021-01 | |
| Shayleen Fipps | corporate officer | 100 | 2025-03 | |
| Shayleen Fipps | operational/managerial control | 100 | 2020-01 | |
| Cohesive Healthcare Management And Consulting Llc | operational/managerial control | 2021-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-12-31 | change of ownership | Prague Healthcare Authority | Trancendental Union With Love... |
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 |
|---|---|---|---|---|
| 2021-11-01 | Rural Wellness Anadarko Inc | Rha Anadarko Inc | Physicians Hospital At Anadarko | 25 |
| 2021-11-01 | Rural Wellness Stroud Inc | Rha Stroud, Inc | Stroud Regional Medical Center | 25 |
| 2020-12-31 | Prague Healthcare Authority | Trancendental Union With Love And... | Prague Community Hospital | 25 |
| 2020-05-15 | Haskell Regional Hospital Inc | Cah Acquisition Company 16 Llc | Haskell Regional Hospital | 25 |
| 2020-04-13 | Drumright Community Hospital Llc | Cah Acquisition Company 4, Inc | Drumright Regional Hospital | 15 |
| 2020-03-20 | Rural Wellness Fairfax Inc | Cah Acquisition Company 12 Llc | Fairfax Community Hospital | 25 |
| 2019-04-05 | Memorial Hospital Of Texas County Authority | Srp Guymon Llc | Memorial Hospital Of Texas County | 6 |
| 2019-03-01 | Jackson County Memorial Hospital Authority | Harmon County Healthcare Authority | Harmon Memorial Hospital | 22 |
| 2017-06-30 | Mangum City Hospital Authority | Blackhawk Mangum Llc | Mangum Regional Medical Center | 18 |