Fairfax Community Hospital
dba Rural Wellness Fairfax Hospital ·
Fairfax, Osage County, OK
· CCN 371318
Licensed to Rural Wellness Fairfax Inc
Composite
59.0
rank score
Distress
84
FY2023
Fit
53
vs thesis
Estimated ticket
$1.5M–$3.0M
25 beds ·
within envelope
Ownership
for-profit
CAH
Why it ranks here
- operating margin below -10%
- total margin below -8%
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- occupancy 45-60%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $26.4M |
| Operating margin | -83.1% |
| Total margin | -20.1% |
| Days cash on hand | 4 |
| Current ratio | 0.14 |
| Occupancy | 48% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | for-profit |
| 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 | 15 | $3.3M | $-7.3M | -225.8% | -218.0% | 53 | 0.38 | 44% | 10 | 91 |
| 2021 | 15 | $17.7M | $-12.6M | -85.2% | -62.3% | 9 | 0.08 | 68% | 68 | 91 |
| 2022 | 25 | $20.4M | $-14.0M | -106.8% | -49.7% | 16 | 0.09 | 49% | 103 | 93 |
| 2023 | 25 | $26.4M | $-8.1M | -83.1% | -20.1% | 4 | 0.14 | 48% | 92 | 84 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Elizabeth Pusey | 5% or greater indirect ownership interest | 100 | 2021-11 | |
| First Physicians Business Solutions | 5% or greater security interest | 100 | 2023-02 | |
| Rural Hospital Acquisition Llc | 5% or greater security interest | 100 | 2023-02 | |
| Rural Wellness Healthcare Llc | 5% or greater direct ownership interest | 100 | 2021-11 | |
| Avem Staffing Resources, Llc | operational/managerial control | 2023-02 | ||
| Charlie Cartwright | operational/managerial control | 2023-02 | ||
| Debi Barnard | operational/managerial control | 2023-02 | ||
| Fpfx Business Solutions, Inc. | operational/managerial control | 2023-02 | ||
| Hunter Thoms | w-2 managing employee | 2020-10 | ||
| James Graham | operational/managerial control | 2023-02 | ||
| Ned Williams | operational/managerial control | 2023-02 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-03-20 | change of ownership | Rural Wellness Fairfax Inc | Cah Acquisition Company 12 Llc |
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 |