Drumright Regional Hospital
Drumright, OK
· CCN 371331
Licensed to Drumright Community Hospital Llc
Composite
51.5
rank score
Distress
78
FY2023
Fit
41
vs thesis
Estimated ticket
$892K–$1.8M
15 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 under 1.5
- occupancy 30-45%
- margin deteriorating sharply
- rural — cheaper but limited density
- very small facility
- very small ticket — sub-scale as a platform asset
- thin occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $11.1M |
| Operating margin | -11.1% |
| Total margin | -8.3% |
| Days cash on hand | 1 |
| Current ratio | 1.25 |
| Occupancy | 40% |
Facility
| Beds | 15 |
| 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 | — | $-7.3M | — | — | 105 | 1.13 | 55% | 317 | 32 |
| 2021 | 15 | $8.4M | $556K | -27.3% | 5.0% | 16 | 2.08 | 54% | 290 | 57 |
| 2022 | 15 | — | $-11.6M | — | — | 7 | 1.38 | 57% | 340 | 70 |
| 2023 | 15 | $11.1M | $-942K | -11.1% | -8.3% | 1 | 1.25 | 40% | 169 | 78 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Rhg Consolidated Llc | 5% or greater direct ownership interest | 100 | 2020-04 | |
| Rhg Consolidated Llc | operational/managerial control | 100 | 2020-04 | |
| Dennis Davis | 5% or greater indirect ownership interest | 17 | 2020-04 | |
| Lawrence Arthur | 5% or greater indirect ownership interest | 17 | 2020-04 | |
| Trent Skaggs | 5% or greater indirect ownership interest | 17 | 2020-04 | |
| Trent Skaggs | corporate officer | 17 | 2020-04 | |
| Trent Skaggs | corporate director | 17 | 2020-04 | |
| Trent Skaggs | operational/managerial control | 17 | 2020-04 | |
| Darrel Morris | 5% or greater indirect ownership interest | 16 | 2020-04 | |
| Darrel Morris | corporate officer | 16 | 2020-04 | |
| Darrel Morris | corporate director | 16 | 2020-04 | |
| Darrel Morris | operational/managerial control | 16 | 2020-04 | |
| Lg Medical Llc | 5% or greater indirect ownership interest | 13 | 2020-04 | |
| Brent Lagergren | 5% or greater indirect ownership interest | 6 | 2020-04 | |
| Brent Lagergren | corporate officer | 6 | 2020-04 | |
| Phyllis Shaffer | corporate director | 6 | 2025-01 | |
| Billy May | 5% or greater indirect ownership interest | 6 | 2020-04 | |
| Billy May | corporate officer | 6 | 2020-04 | |
| Billy May | corporate director | 6 | 2020-04 | |
| Jami Homfeld | corporate director | 3 | 2025-01 | |
| Jami Homfeld | w-2 managing employee | 2025-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2020-04-13 | change of ownership | Drumright Community Hospital Llc | Cah Acquisition Company 4, Inc |
| 2020-04-13 | change of ownership | Drumright Community Hospital Llc | Cah Acquisition Company 4, Inc |
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 |