Mercy Hospital Logan County
Guthrie, Logan County, OK
· CCN 371317
Licensed to Mercy Hospital Logan County, Inc
Composite
36.3
rank score
Distress
32
FY2024
Fit
50
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- occupancy 45-60%
- margin deteriorating sharply
- part of a multi-hospital chain — divestiture candidate
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $25.0M |
| Operating margin | 8.1% |
| Total margin | 9.0% |
| Days cash on hand | 0 |
| Current ratio | 4.65 |
| Occupancy | 52% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 25 | $49.7M | $31.8M | 64.0% | 64.0% | 0 | 3.73 | 39% | 283 | 28 |
| 2022 | 25 | $20.8M | $959K | 1.6% | 4.5% | 0 | 3.80 | 42% | 524 | 34 |
| 2023 | 25 | $22.2M | $1.1M | 3.4% | 4.9% | 0 | 3.00 | 45% | 475 | 24 |
| 2024 | 25 | $25.0M | $2.3M | 8.1% | 9.0% | 0 | 4.65 | 52% | 214 | 32 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mercy Health | 5% or greater indirect ownership interest | 100 | 2011-10 | chain |
| Mercy Health Oklahoma Communities | 5% or greater indirect ownership interest | 100 | 2011-10 | |
| Mercy Hospital Oklahoma City, Inc | 5% or greater direct ownership interest | 100 | 2014-07 | |
| Bobby Stitt | corporate officer | 2021-07 | ||
| Brian Geister | corporate officer | 2024-05 | ||
| Daniel Calvert | corporate director | 2021-07 | ||
| Dustin Yowell | corporate director | 2022-07 | ||
| Jamie Wilke | corporate officer | 2024-07 | ||
| Jeffrey Ciaramita | corporate director | 2021-07 | ||
| Jennifer Cohen | w-2 managing employee | 2025-05 | ||
| John Mohart | corporate director | 2021-07 | ||
| Robin Channel | corporate director | 2021-07 | ||
| Sherry Clouse Day | corporate officer | 2021-01 | ||
| Sherry Clouse Day | w-2 managing employee | 2021-01 |
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 |
|---|---|---|---|---|
| 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 |