Mangum Regional Medical Center
Mangum, Greer County, OK
· CCN 371330
Licensed to Mangum City Hospital Authority
Composite
54.1
rank score
Distress
82
FY2023
Fit
43
vs thesis
Estimated ticket
$1.1M–$2.1M
18 beds ·
within envelope
Ownership
government
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
- rural — cheaper but limited density
- very small facility
- 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 | $15.9M |
| Operating margin | -14.5% |
| Total margin | -12.9% |
| Days cash on hand | 18 |
| Current ratio | 0.27 |
| Occupancy | 63% |
Facility
| Beds | 18 |
| 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 | 18 | $12.0M | $-3.0M | -31.3% | -23.9% | 114 | 0.57 | 61% | 166 | 73 |
| 2021 | 18 | $15.5M | $2.6M | -7.3% | 13.7% | 31 | 0.34 | 61% | 207 | 63 |
| 2022 | 18 | $15.3M | $-1.6M | -16.4% | -10.0% | 29 | 0.27 | 55% | 160 | 93 |
| 2023 | 18 | $15.9M | $-2.1M | -14.5% | -12.9% | 18 | 0.27 | 63% | 183 | 82 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Mangum City Hospital Authority | 5% or greater direct ownership interest | 100 | 1997-07 | |
| Mangum City Hospital Authority | operational/managerial control | 100 | 1997-07 | |
| Cohesive Healthcare Management And Consulting Llc | operational/managerial control | 2021-03 | ||
| Kelley Martinez | operational/managerial control | 2023-06 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2017-06-30 | change of ownership | Mangum City Hospital Authority | Blackhawk Mangum 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 |