dealflow
envelope $200M

← Targets

Arbuckle Memorial Hospital

Sulphur, Murray County, OK · CCN 371328
Licensed to Arbuckle Memorial Hospital

Composite
29.0
rank score
Distress
20
FY2023
Fit
50
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds · within envelope
Ownership
government
CAH

Why it ranks here

  • operating margin -10% to -5%
  • rural — cheaper but limited density
  • small but workable bed count
  • very small ticket — sub-scale as a platform asset
  • strong occupancy — good iteration surface
  • government-owned — public process likely

Latest financials · FY2023

Net patient revenue$21.8M
Operating margin -7.5%
Total margin 7.6%
Days cash on hand 347
Current ratio 9.71
Occupancy61%

Facility

Beds25
Facility typeCAH
Settingrural
Ownership classgovernment
Per-bed (low) $85.0K
Per-bed (high) $170K

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 25 $16.4M $709K -13.2% 3.7% 393 1.91 55% 443 34
2021 25 $19.1M $5.6M -9.5% 21.1% 404 2.91 66% 539 22
2022 25 $20.5M $2.1M -7.0% 8.7% 336 6.31 58% 434 24
2023 25 $21.8M $1.9M -7.5% 7.6% 347 9.71 61% 347 20

Owners

OwnerRole%SinceType
Murray County
Sulphur, OK
5% or greater direct ownership interest 100 2012-01
Denise Welch corporate officer 2012-01
Denise Welch w-2 managing employee 2012-01
Jeremy Jones contracted managing employee 2017-12
Jeremy Jones corporate officer 2017-12
Preferred Management Corporation
Shawnee, OK
operational/managerial control 1996-01

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.

DateBuyerSellerHospitalBeds
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